40-F Filing

GOLD RESERVE LTD CIK: 1072725 FY 2019

Filing Information

Form Type	40-F
Accession Number	`0001072725-20-000004`
Period End Date	20191231
Filing Date	20200409
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	gdrzf-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 46 Cash Flow Statement 42 Stockholders Equity 4

Balance Sheet 39 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`	$61.82M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$287.64K	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$177.94K	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxesReceivable`	$10.80M	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$1.61M	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$747.87K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.99M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$6.47M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$12.66M	USD	Point-in-time
Right of use asset (Note 2)	`RightOfUseAsset`	$251.98K	USD	Point-in-time
Right of use asset (Note 2)	`RightOfUseAsset`	-	USD	Point-in-time
Total assets	`Assets`	$168.65M	USD	Point-in-time
Total assets	`Assets`	$80.27M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$728.79K	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$712.52K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityCurrent`	$85.52K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.52K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$814.31K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityNonCurrent`	-	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityNonCurrent`	$169.91K	USD	Point-in-time
Total liabilities	`Liabilities`	$712.52K	USD	Point-in-time
Total liabilities	`Liabilities`	$984.22K	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`	$251.42M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$264.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$167.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$79.28M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$168.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$80.27M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Gain on sale of mining data (Note 3)	`GainOnSaleOfMiningData`	-	USD	Annual
Gain on sale of mining data (Note 3)	`GainOnSaleOfMiningData`	$52.50M	USD	Annual
Arbitration award (Note 3)	`ArbitrationAward`	-	USD	Annual
Arbitration award (Note 3)	`ArbitrationAward`	$36.00M	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$-1.29M	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$-325.18K	USD	Annual
Loss on impairment of trust account (Note 4)	`LossOnImpairmentOfTrustAccount`	-	USD	Annual
Loss on impairment of trust account (Note 4)	`LossOnImpairmentOfTrustAccount`	$-21.46M	USD	Annual
Loss on marketable debt securities (Note 5)	`GainsLossesOnExtinguishmentOfDebt`	$14.19M	USD	Annual
Loss on marketable debt securities (Note 5)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain (loss) on marketable equity securities	`LossOnMarketableEquitySecurities`	$-109.69K	USD	Annual
Gain (loss) on marketable equity securities	`LossOnMarketableEquitySecurities`	$48.41K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.66M	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-418.88K	USD	Annual
Other INCOME (LOSS)	`OtherIncome`	$-51.57M	USD	Annual
Other INCOME (LOSS)	`OtherIncome`	$-1.60M	USD	Annual
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$-7.47M	USD	Annual
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$-5.31M	USD	Annual
Contingent value rights (Note 3)	`ContingentValueRights`	$-4.80M	USD	Annual
Contingent value rights (Note 3)	`ContingentValueRights`	$-262.55K	USD	Annual
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$-5.13M	USD	Annual
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$-5.19M	USD	Annual
Write-down of property, plant and equipment (Note 6)	`WritedownOfEquipment`	-	USD	Annual
Write-down of property, plant and equipment (Note 6)	`WritedownOfEquipment`	$6.07M	USD	Annual
Exploration costs	`ExplorationExpense`	$-36.08K	USD	Annual
Exploration costs	`ExplorationExpense`	$-27.98K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$-1.14M	USD	Annual
Legal and accounting	`LegalAndAccounting`	$-1.39M	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$-217.97K	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$-406.34K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$-437.56K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$-901.05K	USD	Annual
Total EXPENSES	`TotalExpenses`	$-19.68M	USD	Annual
Total EXPENSES	`TotalExpenses`	$-19.09M	USD	Annual
Net income (loss) before income tax benefit	`NetLossBeforeIncomeTax`	$31.89M	USD	Annual
Net income (loss) before income tax benefit	`NetLossBeforeIncomeTax`	$-17.49M	USD	Annual
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	$9.97M	USD	Annual
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	$4.35M	USD	Annual
Net income (loss) and comprehensive income (loss) for the year	`NetIncomeLoss`	$-13.15M	USD	Annual
Net income (loss) and comprehensive income (loss) for the year	`NetIncomeLoss`	$41.86M	USD	Annual
Net income (loss) per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.42	USD	Annual
Net income (loss) per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	99.40M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.40M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.50M	shares	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income for the year	`ProfitLoss`	$-13.15M	USD	Annual
Net (loss) income for the year	`ProfitLoss`	$41.86M	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$31.04K	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$312.21K	USD	Annual
Depreciation	`Depreciation`	$47.94K	USD	Annual
Depreciation	`Depreciation`	$131.59K	USD	Annual
Gain on sale of mining data	`GainOnSaleOfMineData`	-	USD	Annual
Gain on sale of mining data	`GainOnSaleOfMineData`	$-52.50M	USD	Annual
Arbitration award	`ArbitrationAwardIncome`	$-36.00M	USD	Annual
Arbitration award	`ArbitrationAwardIncome`	-	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	$14.00K	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	$6.07M	USD	Annual
Loss on marketable equity and debt securities	`MarketableSecuritiesGainLoss`	$14.14M	USD	Annual
Loss on marketable equity and debt securities	`MarketableSecuritiesGainLoss`	$109.69K	USD	Annual
Income tax	`OtherNoncashIncomeTaxExpense`	$-4.35M	USD	Annual
Income tax	`OtherNoncashIncomeTaxExpense`	$-26.12M	USD	Annual
Net decrease (increase) in deposits and advances	`IncreaseDecreaseInDeposits`	$-1.45M	USD	Annual
Net decrease (increase) in deposits and advances	`IncreaseDecreaseInDeposits`	$860.83K	USD	Annual
· Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$19.71K	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`	$-10.27M	USD	Annual
Proceeds from disposition of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$74.31M	USD	Annual
Proceeds from disposition of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$89.68K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$10.01K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.01K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$74.22M	USD	Annual
Return of capital	`ReturnOfCapitalDistribution`	-	USD	Annual
Return of capital	`ReturnOfCapitalDistribution`	$-75.54M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.54M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-85.82M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.97M	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$61.82M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	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`	$61.82M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$16.15M	USD	Annual

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$79.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$79.28M	USD	Point-in-time

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