6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q2 2019

Filing Information

Form Type	6-K
Accession Number	`0001072725-19-000041`
Period End Date	20190630
Filing Date	20190822
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	gdrzf-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 84 Cash Flow Statement 72 Stockholders Equity 8

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$117.32M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$132.61M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Marketable equity securities (Note 5)	`MarketableSecurities`	$187.07K	USD	Point-in-time
Marketable equity securities (Note 5)	`MarketableSecurities`	$287.64K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$1.54M	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$1.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.14M	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`	$12.60M	USD	Point-in-time
Right of use asset (Note 2)	`RightOfUseAsset`	$293.52K	USD	Point-in-time
Right of use asset (Note 2)	`RightOfUseAsset`	-	USD	Point-in-time
Total assets	`Assets`	$89.03M	USD	Point-in-time
Total assets	`Assets`	$168.65M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$712.52K	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.78M	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityCurrent`	-	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityCurrent`	$82.01K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.52K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityNonCurrent`	-	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityNonCurrent`	$213.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$712.52K	USD	Point-in-time
Common shares (Note 11)	`CommonStockValue`	$378.01M	USD	Point-in-time
Common shares (Note 11)	`CommonStockValue`	$302.47M	USD	Point-in-time
Contributed surplus	`ContributedSurplus`	$20.63M	USD	Point-in-time
Contributed surplus	`ContributedSurplus`	$20.63M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.72M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.75M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$257.90M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$251.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$85.95M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$167.94M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$89.03M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$168.65M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Gain on sale of mining data	`GainOnSaleOfMiningData`	$52.50M	USD	1 Quarter
Gain on sale of mining data	`GainOnSaleOfMiningData`	-	USD	2 Qtrs
Gain on sale of mining data	`GainOnSaleOfMiningData`	$52.50M	USD	2 Qtrs
Gain on sale of mining data	`GainOnSaleOfMiningData`	-	USD	1 Quarter
Arbitration award	`ArbitrationAward`	$36.00M	USD	1 Quarter
Arbitration award	`ArbitrationAward`	$36.00M	USD	2 Qtrs
Arbitration award	`ArbitrationAward`	-	USD	1 Quarter
Arbitration award	`ArbitrationAward`	-	USD	2 Qtrs
Interest income	`OtherInterestAndDividendIncome`	$88.83K	USD	2 Qtrs
Interest income	`OtherInterestAndDividendIncome`	$67.74K	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$971.05K	USD	2 Qtrs
Interest income	`OtherInterestAndDividendIncome`	$440.42K	USD	1 Quarter
Loss on marketable equity securities	`LossOnMarketableEquitySecurities`	$-86.44K	USD	1 Quarter
Loss on marketable equity securities	`LossOnMarketableEquitySecurities`	$-11.60K	USD	2 Qtrs
Loss on marketable equity securities	`LossOnMarketableEquitySecurities`	$-100.56K	USD	2 Qtrs
Loss on marketable equity securities	`LossOnMarketableEquitySecurities`	$-24.06K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$584.24K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$293.98K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-422.61K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-424.56K	USD	2 Qtrs
Total INCOME (LOSS)	`OtherIncome`	$88.12M	USD	1 Quarter
Total INCOME (LOSS)	`OtherIncome`	$1.45M	USD	2 Qtrs
Total INCOME (LOSS)	`OtherIncome`	$88.15M	USD	2 Qtrs
Total INCOME (LOSS)	`OtherIncome`	$647.95K	USD	1 Quarter
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$-3.34M	USD	1 Quarter
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$-1.29M	USD	1 Quarter
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$-4.52M	USD	2 Qtrs
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$-2.45M	USD	2 Qtrs
Contingent value rights (Note 3)	`ContingentValueRights`	$-4.46M	USD	2 Qtrs
Contingent value rights (Note 3)	`ContingentValueRights`	$-4.46M	USD	1 Quarter
Contingent value rights (Note 3)	`ContingentValueRights`	-	USD	1 Quarter
Contingent value rights (Note 3)	`ContingentValueRights`	-	USD	2 Qtrs
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$-4.27M	USD	2 Qtrs
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$-2.43M	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$-1.24M	USD	2 Qtrs
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$-662.03K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	-	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$-2.73K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$-2.73K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	-	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$-899.23K	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$-518.87K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$-748.26K	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$-314.45K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$-88.67K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$-13.57K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$-125.31K	USD	2 Qtrs
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$-97.67K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$-108.69K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$-479.17K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$-216.65K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$-203.32K	USD	1 Quarter
Total EXPENSES	`TotalExpenses`	$-11.57M	USD	2 Qtrs
Total EXPENSES	`TotalExpenses`	$-4.37M	USD	1 Quarter
Total EXPENSES	`TotalExpenses`	$-7.93M	USD	2 Qtrs
Total EXPENSES	`TotalExpenses`	$-9.07M	USD	1 Quarter
Net income (loss) before income tax	`NetLossBeforeIncomeTax`	$-6.48M	USD	2 Qtrs
Net income (loss) before income tax	`NetLossBeforeIncomeTax`	$79.05M	USD	1 Quarter
Net income (loss) before income tax	`NetLossBeforeIncomeTax`	$76.58M	USD	2 Qtrs
Net income (loss) before income tax	`NetLossBeforeIncomeTax`	$-3.72M	USD	1 Quarter
Income tax expense (Note 10)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (Note 10)	`IncomeTaxExpenseBenefit`	$-12.52M	USD	2 Qtrs
Income tax expense (Note 10)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense (Note 10)	`IncomeTaxExpenseBenefit`	$-11.92M	USD	1 Quarter
Net income (loss) and comprehensive income (loss) for the period	`NetIncomeLoss`	$64.06M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss) for the period	`NetIncomeLoss`	$-6.48M	USD	2 Qtrs
Net income (loss) and comprehensive income (loss) for the period	`NetIncomeLoss`	$-3.72M	USD	1 Quarter
Net income (loss) and comprehensive income (loss) for the period	`NetIncomeLoss`	$67.13M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.64	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.64	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.51M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.40M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.40M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the period	`ProfitLoss`	$64.06M	USD	2 Qtrs
Net income (loss) for the period	`ProfitLoss`	$-3.72M	USD	1 Quarter
Net income (loss) for the period	`ProfitLoss`	$67.13M	USD	1 Quarter
Net income (loss) for the period	`ProfitLoss`	$-6.48M	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$219.93K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$73.68K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$31.04K	USD	2 Qtrs
Depreciation	`Depreciation`	$53.27K	USD	1 Quarter
Depreciation	`Depreciation`	$23.67K	USD	2 Qtrs
Depreciation	`Depreciation`	$65.56K	USD	2 Qtrs
Depreciation	`Depreciation`	$12.10K	USD	1 Quarter
Gain on sale of mining data	`GainOnSaleOfMiningData`	$52.50M	USD	1 Quarter
Gain on sale of mining data	`GainOnSaleOfMiningData`	-	USD	2 Qtrs
Gain on sale of mining data	`GainOnSaleOfMiningData`	$52.50M	USD	2 Qtrs
Gain on sale of mining data	`GainOnSaleOfMiningData`	-	USD	1 Quarter
Arbitration award	`ArbitrationAward`	$36.00M	USD	1 Quarter
Arbitration award	`ArbitrationAward`	$36.00M	USD	2 Qtrs
Arbitration award	`ArbitrationAward`	-	USD	1 Quarter
Arbitration award	`ArbitrationAward`	-	USD	2 Qtrs
Loss on marketable equity securities	`MarketableSecuritiesGainLoss`	$24.06K	USD	1 Quarter
Loss on marketable equity securities	`MarketableSecuritiesGainLoss`	$86.44K	USD	1 Quarter
Loss on marketable equity securities	`MarketableSecuritiesGainLoss`	$100.56K	USD	2 Qtrs
Loss on marketable equity securities	`MarketableSecuritiesGainLoss`	$11.60K	USD	2 Qtrs
Net decrease (increase) in deposits, advances and other	`IncreaseDecreaseInDeposits`	$-1.19M	USD	2 Qtrs
Net decrease (increase) in deposits, advances and other	`IncreaseDecreaseInDeposits`	$70.76K	USD	2 Qtrs
Net decrease (increase) in deposits, advances and other	`IncreaseDecreaseInDeposits`	$-1.03M	USD	1 Quarter
Net decrease (increase) in deposits, advances and other	`IncreaseDecreaseInDeposits`	$-1.08M	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$7.07M	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$1.70M	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$2.07M	USD	2 Qtrs
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$5.10M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.96M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.14M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.23M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.28M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$51.77K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.23K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$69.88K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$3.48K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.88K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.48K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.77K	USD	1 Quarter
Return of capital	`ReturnOfCapital`	-	USD	1 Quarter
Return of capital	`ReturnOfCapital`	$-75.54M	USD	1 Quarter
Return of capital	`ReturnOfCapital`	-	USD	2 Qtrs
Return of capital	`ReturnOfCapital`	$-75.54M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.54M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.54M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.28M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-79.69M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-78.50M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.35M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$117.32M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.61M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$117.32M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$132.61M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$10.92M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$10.20M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$85.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time
Return of capital	`ReturnOfCapital`	-	USD	1 Quarter
Return of capital	`ReturnOfCapital`	$-75.54M	USD	1 Quarter
Return of capital	`ReturnOfCapital`	-	USD	2 Qtrs
Return of capital	`ReturnOfCapital`	$-75.54M	USD	2 Qtrs
Balance	`StockholdersEquity`	$85.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time

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