40-F Filing

GOLD RESERVE LTD CIK: 1072725 FY 2017

Filing Information

Form Type	40-F
Accession Number	`0001072725-18-000016`
Period End Date	20171231
Filing Date	20180427
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	gdrzf-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 48 Cash Flow Statement 54 Stockholders Equity 4 Comprehensive Income 13

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$239.23K	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$541.22K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$156.05K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$153.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$138.07M	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	89.71M	shares	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.63M	USD	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.05M	USD	Point-in-time
Total assets	`Assets`	$150.70M	USD	Point-in-time
Total assets	`Assets`	$48.49M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$691.41K	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.38K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.26M	USD	Point-in-time
Deferred income tax (Note 12)	`DeferredIncomeTaxLiabilities`	-	USD	Point-in-time
Deferred income tax (Note 12)	`DeferredIncomeTaxLiabilities`	$18.40M	USD	Point-in-time
Contingent value rights (Note 3)	`ContingentValueRightsPayable`	-	USD	Point-in-time
Contingent value rights (Note 3)	`ContingentValueRightsPayable`	$3.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$693.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.93M	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtNoncurrent`	$43.97M	USD	Point-in-time
Contingent value rights (Note 3)	`ContingentValueRightsNonCurrent`	-	USD	Point-in-time
Contingent value rights (Note 3)	`ContingentValueRightsNonCurrent`	$1.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.67M	USD	Point-in-time
Common shares	`CommonStockValue`	$378.01M	USD	Point-in-time
Common shares	`CommonStockValue`	$342.19M	USD	Point-in-time
Contributed surplus (Note 11)	`ContributedSurplus`	$25.72M	USD	Point-in-time
Contributed surplus (Note 11)	`ContributedSurplus`	$20.63M	USD	Point-in-time
Stock options (Note 10)	`StockOptions`	$17.35M	USD	Point-in-time
Stock options (Note 10)	`StockOptions`	$20.41M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$293.39M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$382.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$111.54K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$443.17K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$125.77M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$48.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$150.70M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Gain on sale of mining data (Note 3)	`GainOnSaleOfMiningData`	$187.50M	USD	Annual
Gain on sale of mining data (Note 3)	`GainOnSaleOfMiningData`	-	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$48.32K	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$47.69K	USD	Annual
Gain on disposition of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$48.36K	USD	Annual
Gain on disposition of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Loss on settlement of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-16.64M	USD	Annual
Loss on settlement of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-70.22K	USD	Annual
Write-down of property, plant and equipment (Note 7)	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Write-down of property, plant and equipment (Note 7)	`ImpairmentOfLongLivedAssetsHeldForUse`	$556.56K	USD	Annual
Loss on impairment of marketable securities (Note 5)	`ImpairmentOfInvestments`	$13.77K	USD	Annual
Loss on impairment of marketable securities (Note 5)	`ImpairmentOfInvestments`	-	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$51.14K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-213.02K	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$-493.36K	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$170.70M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$16.72M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$4.11M	USD	Annual
Retention units costs	`RetentionUnits`	-	USD	Annual
Retention units costs	`RetentionUnits`	$7.69M	USD	Annual
Contingent value rights	`ContingentValueRights`	-	USD	Annual
Contingent value rights	`ContingentValueRights`	$3.90M	USD	Annual
Siembra Minera Project (Note 8)	`SiembraMinera`	$7.51M	USD	Annual
Siembra Minera Project (Note 8)	`SiembraMinera`	$1.65M	USD	Annual
Exploration costs	`ExplorationExpense`	$320.61K	USD	Annual
Exploration costs	`ExplorationExpense`	$83.86K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$867.97K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$1.01M	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$2.79M	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$2.44M	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$661.80K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$796.68K	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$6.10M	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$10.52M	USD	Annual
Total EXPENSES	`TotalExpenses`	$46.11M	USD	Annual
Total EXPENSES	`TotalExpenses`	$21.05M	USD	Annual
Net income (loss) before income tax expense	`NetIncomeLossBeforeIncomeTaxExpense`	$124.58M	USD	Annual
Net income (loss) before income tax expense	`NetIncomeLossBeforeIncomeTaxExpense`	$-21.55M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$35.07M	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$89.51M	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-21.55M	USD	Annual
Net income (loss) per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.96	USD	Annual
Net income (loss) per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.65M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	84.46M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.46M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.16M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the year	`ProfitLoss`	$-21.55M	USD	Annual
Net income (loss) for the year	`ProfitLoss`	$89.51M	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$14.91K	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$5.11M	USD	Annual
Depreciation	`Depreciation`	$5.54K	USD	Annual
Depreciation	`Depreciation`	$6.49K	USD	Annual
Gain on sale of mining data	`GainLossOnSaleOfOtherAssets`	$-187.50M	USD	Annual
Gain on sale of mining data	`GainLossOnSaleOfOtherAssets`	-	USD	Annual
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$70.22K	USD	Annual
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$16.64M	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	$556.56K	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	-	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$10.46M	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$6.05M	USD	Annual
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	$-48.36K	USD	Annual
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$18.40M	USD	Annual
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Impairment loss on marketable securities	`MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount`	-	USD	Annual
Impairment loss on marketable securities	`MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount`	$13.77K	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$436.33K	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$-2.13K	USD	Annual
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$4.79M	USD	Annual
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$-858.50K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.89M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.99M	USD	Annual
Proceeds from sale of mining data	`ProceedsFromSaleOfMiningData`	-	USD	Annual
Proceeds from sale of mining data	`ProceedsFromSaleOfMiningData`	$-187.50M	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$48.46K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$350.00K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$592.53K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$186.91M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.54K	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$5.97M	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$38.43M	USD	Annual
Settlement of debt	`EarlyRepaymentOfSeniorDebt`	$694.73K	USD	Annual
Settlement of debt	`EarlyRepaymentOfSeniorDebt`	$43.96M	USD	Annual
Financing fees	`FinancingFees`	$-141.89K	USD	Annual
Financing fees	`FinancingFees`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.99M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.59M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.40M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$101.93M	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$749.31K	USD	Annual
Cash paid for interest	`InterestPaid`	$9.59M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$15.44M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$125.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$125.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.81M	USD	Point-in-time

Comprehensive Income 13 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the year	`NetIncomeLoss`	$89.51M	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-21.55M	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of nil (Note 5)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$360.39K	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of nil (Note 5)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-301.98K	USD	Annual
Revaluation of deferred tax liability	`RevaluationOfDeferredTaxLiability`	$-29.65K	USD	Annual
Realized gain on marketable securities, net of tax of nil	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-60.00	USD	Annual
Realized gain on marketable securities, net of tax of nil	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	-	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	$-13.77K	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	-	USD	Annual
Other comprehensive income (loss) for the year	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$374.10K	USD	Annual
Other comprehensive income (loss) for the year	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-331.63K	USD	Annual
Comprehensive income (loss) for the year	`ComprehensiveIncomeLossForTheYear`	$-21.17M	USD	Annual
Comprehensive income (loss) for the year	`ComprehensiveIncomeLossForTheYear`	$89.18M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.