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Kiska Metals Corporation
Consolidated Interim Statements of Comprehensive Loss
For the three-month periods ended March 31, 2012 and 2011
(Expressed in Canadian dollars)
(Unaudited – Prepared by Management)
Mineral Property Operations
Revenue
Option fees & project management from mineral property
interests
Note 2012 2011
9 $ 6,571 $ 99,110
Other revenue 10,012 -
Expenses
16,583 99,110
Acquisition expenditures 57,798 69,293
Exploration expenditures 870,898 2,415,756
928,696 2,485,049
Loss from mineral property operations (912,113) (2,385,939)
Other Operations
Salaries and employee benefits 408,682 247,750
Consulting and outsourced services 16,859 166,310
Marketing services 61,152 140,186
General and administrative expenses 119,055 142,841
Depreciation and amortization 72,926 69,118
Share-based compensation 15 140,090 817,501
818,764 1,583,706
Operating loss (1,730,877) (3,969,645)
Gain (loss) on sale of available-for-sale financial assets 23 - 126,767
Gain (loss) on sale (write down) of assets - (349)
Foreign exchange gain (loss) 3,486 70,813
Finance revenue 11,420 4,192
Finance costs (407) (86)
Loss before income tax (1,716,378) (3,768,308)
Income tax recovery (loss) 2,558 -
Loss for the year (1,713,820) (3,768,308)
Available-for-sale financial assets
- Current year unrealized gain (loss) 23 (2,674) 367,524
- Tax effect of changes in other comprehensive income (444) 61,076
Comprehensive loss for the year $ (1,716,938) $ (3,339,708)
Basic and diluted earnings per ordinary share from continuing
operations
10 $ (0.02) $ (0.03)
Basic & diluted weighted average number of shares outstanding 10 99,253,559 97,909,151
The accompanying notes form an integral part of these consolidated interim financial statements
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