10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001279569-18-001966 |
| Period End Date | 20180831 |
| Filing Date | 20181005 |
| Fiscal Year | 2018 |
| Fiscal Period | Q3 |
| XBRL Instance | tmq-20180831.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, No Par Value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common Stock, No Par Value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
105.68M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
131.53M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.39M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$30.47M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$470.00K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$57.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$646.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$837.00K | USD | Point-in-time |
| Investments (note 3) |
ShortTermInvestments
|
$2.52M | USD | Point-in-time |
| Investments (note 3) |
ShortTermInvestments
|
- | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$31.17M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$9.21M | USD | Point-in-time |
| Plant and Equipment (note 4) |
PropertyPlantAndEquipmentNet
|
$363.00K | USD | Point-in-time |
| Plant and Equipment (note 4) |
PropertyPlantAndEquipmentNet
|
$478.00K | USD | Point-in-time |
| Mineral properties and development costs (note 5) |
MineralPropertiesNet
|
$30.59M | USD | Point-in-time |
| Mineral properties and development costs (note 5) |
MineralPropertiesNet
|
$30.59M | USD | Point-in-time |
| Total Assets |
Assets
|
$62.12M | USD | Point-in-time |
| Total Assets |
Assets
|
$40.28M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 6) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$4.25M | USD | Point-in-time |
| Accounts payable and accrued liabilities (note 6) |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$3.96M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$4.25M | USD | Point-in-time |
| Current liabilities |
LiabilitiesCurrent
|
$3.96M | USD | Point-in-time |
| Mineral properties purchase option (note 5(c)) |
PurchaseObligation
|
$20.80M | USD | Point-in-time |
| Mineral properties purchase option (note 5(c)) |
PurchaseObligation
|
$10.37M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$14.61M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$24.76M | USD | Point-in-time |
| Share capital (note 7) unlimited common shares authorized, no par value Issued -131,533,953 (2017 105,684,523) |
CommonStockValue
|
$136.53M | USD | Point-in-time |
| Share capital (note 7) unlimited common shares authorized, no par value Issued -131,533,953 (2017 105,684,523) |
CommonStockValue
|
$164.03M | USD | Point-in-time |
| Warrants (note 7(c)) |
WarrantsAndRightsOutstanding
|
$2.16M | USD | Point-in-time |
| Warrants (note 7(c)) |
WarrantsAndRightsOutstanding
|
$2.25M | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$124.00K | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$122.00K | USD | Point-in-time |
| Contributed surplus - options (note 7(a)) |
AdditionalPaidInCapital
|
$19.01M | USD | Point-in-time |
| Contributed surplus - options (note 7(a)) |
AdditionalPaidInCapital
|
$18.40M | USD | Point-in-time |
| Contributed surplus - units (note 7(b)) |
ContributedSurplusUnits
|
$1.43M | USD | Point-in-time |
| Contributed surplus - units (note 7(b)) |
ContributedSurplusUnits
|
$1.32M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-149.49M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-132.87M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$46.15M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$25.66M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$32.29M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$37.36M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$40.28M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$62.12M | USD | Point-in-time |
Income Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$27.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$66.00K | USD | 3 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$122.00K | USD | 3 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$39.00K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$592.00K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$29.00K | USD | 3 Qtrs |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$542.00K | USD | 3 Qtrs |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-15.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$376.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.05M | USD | 3 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$273.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.18M | USD | 3 Qtrs |
| Investor relations |
BusinessDevelopment
|
$261.00K | USD | 3 Qtrs |
| Investor relations |
BusinessDevelopment
|
$107.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$263.00K | USD | 3 Qtrs |
| Investor relations |
BusinessDevelopment
|
$59.00K | USD | 1 Quarter |
| Mineral properties expense (note 5(d)) |
MineralPropertyExpense
|
$10.41M | USD | 3 Qtrs |
| Mineral properties expense (note 5(d)) |
MineralPropertyExpense
|
$12.66M | USD | 3 Qtrs |
| Mineral properties expense (note 5(d)) |
MineralPropertyExpense
|
$9.05M | USD | 1 Quarter |
| Mineral properties expense (note 5(d)) |
MineralPropertyExpense
|
$8.47M | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$13.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$286.00K | USD | 3 Qtrs |
| Professional fees |
ProfessionalFees
|
$86.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$404.00K | USD | 3 Qtrs |
| Salaries |
SalariesAndWages
|
$683.00K | USD | 3 Qtrs |
| Salaries |
SalariesAndWages
|
$738.00K | USD | 3 Qtrs |
| Salaries |
SalariesAndWages
|
$218.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$286.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$603.00K | USD | 3 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$204.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.28M | USD | 3 Qtrs |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$104.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$16.49M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$12.93M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$8.69M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$10.04M | USD | 1 Quarter |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-12.00K | USD | 1 Quarter |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-1.48M | USD | 3 Qtrs |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-313.00K | USD | 1 Quarter |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-272.00K | USD | 3 Qtrs |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
$-8.00K | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
$-8.00K | USD | 3 Qtrs |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 3 Qtrs |
| Interest and other income |
InterestIncomeExpenseNet
|
$23.00K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeExpenseNet
|
$46.00K | USD | 3 Qtrs |
| Interest and other income |
InterestIncomeExpenseNet
|
$229.00K | USD | 3 Qtrs |
| Interest and other income |
InterestIncomeExpenseNet
|
$135.00K | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-9.92M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-8.99M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-16.53M | USD | 3 Qtrs |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-14.38M | USD | 3 Qtrs |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.09 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.08 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.14 | USD | 3 Qtrs |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.14 | USD | 3 Qtrs |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
105.58M | shares | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
105.52M | shares | 3 Qtrs |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
118.53M | shares | 3 Qtrs |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
131.47M | shares | 1 Quarter |
Cash Flow Statement
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loss for the period |
NetIncomeLoss
|
$-9.92M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-8.99M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-16.53M | USD | 3 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-14.38M | USD | 3 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$66.00K | USD | 3 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$122.00K | USD | 3 Qtrs |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
$-8.00K | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
$-8.00K | USD | 3 Qtrs |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 3 Qtrs |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-12.00K | USD | 1 Quarter |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-1.48M | USD | 3 Qtrs |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-313.00K | USD | 1 Quarter |
| Loss on held for trading investments |
MarketableSecuritiesGainLoss
|
$-272.00K | USD | 3 Qtrs |
| Unrealized foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossUnrealized
|
$52.00K | USD | 3 Qtrs |
| Unrealized foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossUnrealized
|
$472.00K | USD | 3 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$603.00K | USD | 3 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$204.00K | USD | 1 Quarter |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$1.28M | USD | 3 Qtrs |
| Stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$104.00K | USD | 1 Quarter |
| Decrease (Increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$294.00K | USD | 3 Qtrs |
| Decrease (Increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-413.00K | USD | 3 Qtrs |
| Decrease (Increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$140.00K | USD | 3 Qtrs |
| Decrease (Increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-191.00K | USD | 3 Qtrs |
| (Increase) Decrease in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$4.12M | USD | 3 Qtrs |
| (Increase) Decrease in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-285.00K | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-9.07M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-14.59M | USD | 3 Qtrs |
| Proceeds from bought deal financing (note 7) |
ProceedsFromBoughtDealFinancing
|
$28.75M | USD | 3 Qtrs |
| Proceeds from bought deal financing (note 7) |
ProceedsFromBoughtDealFinancing
|
- | USD | 3 Qtrs |
| Share issuance cost |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 3 Qtrs |
| Share issuance cost |
ProceedsFromIssuanceOfCommonStock
|
$-1.80M | USD | 3 Qtrs |
| Share issuance cost |
ProceedsFromIssuanceOfCommonStock
|
$26.90M | USD | Point-in-time |
| Settlement of Restricted Share Units |
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
$-90.00K | USD | 3 Qtrs |
| Settlement of Restricted Share Units |
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
- | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-90.00K | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$26.95M | USD | 3 Qtrs |
| Acquisition of plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.00K | USD | 3 Qtrs |
| Acquisition of plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$209.00K | USD | 3 Qtrs |
| Mineral properties funding (note 5 (c)) |
ProceedsFromContributionsFromAffiliates
|
$10.44M | USD | 3 Qtrs |
| Mineral properties funding (note 5 (c)) |
ProceedsFromContributionsFromAffiliates
|
$10.00M | USD | 3 Qtrs |
| Proceeds from the sale of investments, net of fees |
ProceedsFromIssuanceOfPrivatePlacement
|
$2.30M | USD | 3 Qtrs |
| Proceeds from the sale of investments, net of fees |
ProceedsFromIssuanceOfPrivatePlacement
|
$2.18M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$11.97M | USD | 3 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$12.72M | USD | 3 Qtrs |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$2.81M | USD | 3 Qtrs |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$25.08M | USD | 3 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-1.00K | USD | 3 Qtrs |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$51.00K | USD | 3 Qtrs |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$30.47M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$5.39M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$10.21M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$7.34M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$30.47M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$5.39M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$10.21M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
|
$7.34M | USD | Point-in-time |
Stockholders Equity
21 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$46.15M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$25.66M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$32.29M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$37.36M | USD | Point-in-time |
| Bought deal financing (Note 7) |
StockIssuedDuringPeriodValueNewIssues
|
$28.75M | USD | 3 Qtrs |
| Share issuance costs |
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
$1.80M | USD | 3 Qtrs |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 3 Qtrs |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 3 Qtrs |
| Restricted Share Units |
VestingOfRestrictedShareUnits
|
$-90.00K | USD | 3 Qtrs |
| Restricted Share Units |
VestingOfRestrictedShareUnits
|
- | USD | 3 Qtrs |
| NovaGold DSU Conversion |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 3 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$603.00K | USD | 3 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$1.28M | USD | 3 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-9.92M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-8.99M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-16.53M | USD | 3 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-14.38M | USD | 3 Qtrs |
| Ending Balance |
StockholdersEquity
|
$46.15M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$25.66M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$32.29M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$37.36M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.