40-F Filing

GOLD RESERVE LTD CIK: 1072725 FY 2018

Filing Information

Form Type	40-F
Accession Number	`0001072725-19-000016`
Period End Date	20181231
Filing Date	20190426
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	gdrzf-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 50 Cash Flow Statement 52 Stockholders Equity 6 Comprehensive Income 10

Balance Sheet 41 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`	$147.65M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$239.23K	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$287.64K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Deposits, advances and other (Note 7)	`OtherAssetsCurrent`	$156.05K	USD	Point-in-time
Deposits, advances and other (Note 7)	`OtherAssetsCurrent`	$1.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$138.07M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$12.66M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$12.63M	USD	Point-in-time
Total assets	`Assets`	$168.65M	USD	Point-in-time
Total assets	`Assets`	$150.70M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$712.52K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.26M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Contingent value rights (Note 3)	`ContingentValueRightsPayable`	$3.10M	USD	Point-in-time
Contingent value rights (Note 3)	`ContingentValueRightsPayable`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.52K	USD	Point-in-time
Deferred income tax (Note 11)	`DeferredIncomeTaxLiabilities`	$18.40M	USD	Point-in-time
Deferred income tax (Note 11)	`DeferredIncomeTaxLiabilities`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$712.52K	USD	Point-in-time
Total liabilities	`Liabilities`	$24.93M	USD	Point-in-time
Common shares	`CommonStockValue`	$378.01M	USD	Point-in-time
Common shares	`CommonStockValue`	$378.01M	USD	Point-in-time
Contributed surplus (Note 10)	`ContributedSurplus`	$20.63M	USD	Point-in-time
Contributed surplus (Note 10)	`ContributedSurplus`	$20.63M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.41M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.72M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$293.39M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$251.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$111.54K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$125.77M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$167.94M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$150.70M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$168.65M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Gain on sale of mining data (Note 3)	`GainOnSaleOfMiningData`	$52.50M	USD	Annual
Gain on sale of mining data (Note 3)	`GainOnSaleOfMiningData`	$187.50M	USD	Annual
Arbitration award (Note 3)	`ArbitrationAward`	$36.00M	USD	Annual
Arbitration award (Note 3)	`ArbitrationAward`	-	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$325.18K	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$48.32K	USD	Annual
Loss on impairment of trust account (Note 4)	`LossOnImpairmentOfTrustAccount`	$21.46M	USD	Annual
Loss on impairment of trust account (Note 4)	`LossOnImpairmentOfTrustAccount`	-	USD	Annual
Loss on settlement of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-16.64M	USD	Annual
Loss on settlement of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on marketable debt securities (Note 5)	`LossOnMarketableDebtSecurities`	-	USD	Annual
Loss on marketable debt securities (Note 5)	`LossOnMarketableDebtSecurities`	$14.19M	USD	Annual
Gain on marketable equity securities	`GainOnMarketableEquitySecurities`	-	USD	Annual
Gain on marketable equity securities	`GainOnMarketableEquitySecurities`	$48.41K	USD	Annual
Foreign currency loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.66M	USD	Annual
Foreign currency loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-213.02K	USD	Annual
Total INCOME (LOSS)	`OtherIncome`	$51.57M	USD	Annual
Total INCOME (LOSS)	`OtherIncome`	$170.70M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$7.47M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$16.72M	USD	Annual
Retention units	`RetentionUnitsCosts`	-	USD	Annual
Retention units	`RetentionUnitsCosts`	$7.69M	USD	Annual
Contingent value rights	`ContingentValueRights`	$3.90M	USD	Annual
Contingent value rights	`ContingentValueRights`	$4.80M	USD	Annual
Siembra Minera Project (Note 7)	`SiembraMinera`	$5.13M	USD	Annual
Siembra Minera Project (Note 7)	`SiembraMinera`	$7.51M	USD	Annual
Exploration costs	`ExplorationExpense`	$83.86K	USD	Annual
Exploration costs	`ExplorationExpense`	$27.98K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$1.14M	USD	Annual
Legal and accounting	`LegalAndAccounting`	$1.01M	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$2.44M	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$217.97K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$901.05K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$661.80K	USD	Annual
Interest expense (Note 10)	`InterestExpenseOther`	-	USD	Annual
Interest expense (Note 10)	`InterestExpenseOther`	$6.10M	USD	Annual
Total EXPENSES	`TotalExpenses`	$19.68M	USD	Annual
Total EXPENSES	`TotalExpenses`	$46.11M	USD	Annual
Net income before income tax expense	`NetIncomeLossBeforeIncomeTaxExpense`	$31.89M	USD	Annual
Net income before income tax expense	`NetIncomeLossBeforeIncomeTaxExpense`	$124.58M	USD	Annual
Income tax benefit (expense) (Note 11)	`IncomeTaxExpenseBenefit`	$35.07M	USD	Annual
Income tax benefit (expense) (Note 11)	`IncomeTaxExpenseBenefit`	$-9.97M	USD	Annual
Net income for the year	`NetIncomeLoss`	$41.86M	USD	Annual
Net income for the year	`NetIncomeLoss`	$89.51M	USD	Annual
Net income per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.42	USD	Annual
Net income per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.96	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.65M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.50M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.16M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`ProfitLoss`	$89.51M	USD	Annual
Net income for the year	`ProfitLoss`	$41.86M	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$312.21K	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$5.11M	USD	Annual
Depreciation	`Depreciation`	$47.94K	USD	Annual
Depreciation	`Depreciation`	$6.49K	USD	Annual
Gain on sale of mining data	`GainLossOnDispositionOfAssets`	$-52.50M	USD	Annual
Gain on sale of mining data	`GainLossOnDispositionOfAssets`	$-187.50M	USD	Annual
Arbitration award	`ArbitrationAwardCollection`	-	USD	Annual
Arbitration award	`ArbitrationAwardCollection`	$-36.00M	USD	Annual
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	Annual
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$16.64M	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	$14.00K	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	-	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$6.05M	USD	Annual
Accretion of convertible notes	`AccretionExpense`	-	USD	Annual
Loss on marketable securities	`MarketableSecuritiesGainLoss`	$14.14M	USD	Annual
Loss on marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Income tax	`OtherNoncashIncomeTaxExpense`	$-26.12M	USD	Annual
Income tax	`OtherNoncashIncomeTaxExpense`	$18.40M	USD	Annual
Net increase in deposits and advances	`IncreaseDecreaseInDeposits`	$-1.45M	USD	Annual
Net increase 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`	$-4.55M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-64.25M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.99M	USD	Annual
Proceeds from sale of mining data	`ProceedsFromSaleOfMiningData`	$-187.50M	USD	Annual
Proceeds from sale of mining data	`ProceedsFromSaleOfMiningData`	-	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$74.31M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$592.53K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$89.68K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$186.91M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$74.22M	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$5.97M	USD	Annual
Settlement of debt	`EarlyRepaymentOfSubordinatedDebt`	$43.96M	USD	Annual
Settlement of debt	`EarlyRepaymentOfSubordinatedDebt`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.99M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.97M	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`	$147.65M	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`	$147.65M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$9.59M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$16.15M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$15.44M	USD	Annual

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$125.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time
Other comprehensive loss	`OtherComprehensiveLoss`	-	USD	Annual
Other comprehensive loss	`OtherComprehensiveLoss`	$331.63K	USD	Annual
Balance	`StockholdersEquity`	$125.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income for the year	`NetIncomeForThePeriod`	$41.86M	USD	Annual
Net income for the year	`NetIncomeForThePeriod`	$89.51M	USD	Annual
Loss on marketable securities, net of tax of nil (Note 5)	`LossOnMarketableEquitySecuritiesNetOfTaxOfNil`	$301.98K	USD	Annual
Loss on marketable securities, net of tax of nil (Note 5)	`LossOnMarketableEquitySecuritiesNetOfTaxOfNil`	-	USD	Annual
Revaluation of deferred tax liability	`RevaluationOfDeferredTaxLiability`	$-29.65K	USD	Annual
Revaluation of deferred tax liability	`RevaluationOfDeferredTaxLiability`	-	USD	Annual
Other comprehensive loss for the year	`OtherComprehensiveLoss`	-	USD	Annual
Other comprehensive loss for the year	`OtherComprehensiveLoss`	$331.63K	USD	Annual
Comprehensive income for the year	`ComprehensiveIncomeForThePeriod`	$89.18M	USD	Annual
Comprehensive income for the year	`ComprehensiveIncomeForThePeriod`	$41.86M	USD	Annual

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