Western Copper and Gold Corporation
(NYSE MKT:WRN)

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, and molybdenum deposits. Its flagship property is the Casino mineral property that comprise 1,136 full and partial qua...

Website: http://www.westerncopperandgold.com

Full Time Employees: 9

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

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• Market Cap:

• Exchange:

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• Employees:

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2009-12-31	2006-03-31

general and administrative
expenses
stock-based compensation		233,629
investor relations and promotion		97,753
management and consulting services		54,945
audit and accounting		36,195
office and administration		32,820
regulatory and transfer agent fees		22,650
amortization		13,641
legal		889
less: interest income
loss for the period
deficit, beginning of period
future income tax liability assumed on
reorganization
deficit, end of period
basic and diluted loss per share
weighted-average number of shares outstanding		18,209,236

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-08-08	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-08-15	2011-06-30	2011-03-31	2010-12-31	2010-11-08	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-05-01	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-03-31

note
assets	198,287,325	197,154,774	193,998,798	193,616,218	193,502,877	146,323,856	141,080,607	137,331,506	113,657,532	116,205,020	114,864,516	113,980,260	116,499,708	108,157,055	82,667,429	56,945,795	55,967,850	51,801,705	50,918,610	48,883,659	46,087,857	47,424,908	47,857,520	48,064,637	45,842,288	45,856,965	45,572,284	45,718,744	46,160,808	46,214,077		47,833,972	48,087,550	48,794,357	49,842,328	49,624,152	49,702,630	51,966,739	52,126,881	51,723,268	51,371,026	51,469,800	51,761,289	99,185,859	99,092,973	99,092,973	96,875,640	109,377,291	88,500,931	88,500,931	89,688,423	87,003,474		83,316,052	78,478,161	79,216,492	78,503,650
cash and cash equivalents	10,400,485	17,798,278	10,145,713	16,480,993	20,758,590	20,313,926	3,856,072	3,947,740	3,145,740	4,998,165	14,557,979	22,145,771	35,746,903	28,686,916	16,980,046	2,946,363	5,974,801	2,809,957	1,996,587	3,777,647	2,131,579	652,025	820,712	779,574	464,443	894,306	324,557	848,057	547,082	642,632		2,012,985	9,032,027	3,730,181	9,729,333	11,252,362	9,302,265	6,097,915	6,779,138	23,478,039	864,589	551,390	950,413	1,795,821	2,811,789	2,811,789	505,700	1,630,698	1,728,272	1,728,272	2,231,398	551,610		3,593,364	2,794,856	5,037,204	4,097,527		16,460,243	18,527,233	21,963,631	23,726,947	26,324,280	30,441,934	1,485,558	2,290,022	37,938,011	1,289,787
short-term investments	44,983,055	40,647,232	52,765,549	57,178,413	56,455,486	11,205,145	28,566,421	34,629,203	16,452,647	24,224,444	24,076,816	21,113,912	16,043,254	21,023,465	10,009,616				511,363	1,519,749	1,509,378	4,535,879	5,027,818	5,613,161	4,646,277	4,643,780	5,536,861	7,040,045	8,056,952	8,687,723		9,545,888	4,020,641	11,113,522	9,062,005	9,022,458	12,137,605	20,422,871	23,052,521	9,010,788	2,576,991	4,632,805	6,624,525	15,025,342	19,103,488	19,103,488	21,574,973	22,006,197			6,001,178	10,246,915		8,192,702	8,136,242	8,025,162	8,080,395								33,078,928	34,791,988
marketable securities	725,670	2,408,894	1,854,200	1,229,200	881,720	1,308,400	606,720	409,240	450,940	500,100	539,280	1,001,880	451,040	691,160	695,260	348,100	189,700	108,400	135,500	175,100	214,800	271,000	329,300	448,100	381,500	433,600	437,800	233,800	325,500
other assets	578,376	694,434	1,062,191	611,242	615,213	1,343,928	937,723	946,130	883,930	999,489	636,433	481,446	583,772	479,672	514,758	429,287	185,663	158,973	181,210	304,543	149,187	242,224	162,468	257,800	131,072	165,849	152,590	59,573	100,630	220,327		289,792	331,507	368,806	304,294	310,980	622,821	367,067	355,704	247,487	360,289	292,893	383,690	568,966	472,829	472,829	175,048
current assets	56,687,586	61,548,838	65,827,653	75,499,848	78,711,009	34,171,399	33,966,936	39,932,313	20,933,257	30,722,198	39,810,508	44,743,009	52,824,969	50,881,213	28,199,680	3,723,750	6,350,164	3,077,330	2,824,660	5,777,039	4,004,944	5,701,128	6,340,298	7,098,635	5,623,292	6,137,535	6,451,808	8,181,475	9,030,164	9,550,682	10,700,067	11,848,665	13,384,175	15,212,509	19,095,632	20,585,800	22,062,691	26,887,853	30,187,363	32,736,314	3,801,869	5,477,088	7,958,628	17,390,129	22,388,106	22,388,106	22,255,721	23,825,447	3,955,936	3,955,936	8,540,919	11,354,793	13,795,726	12,047,235	11,034,654	13,216,359	12,260,675	13,216,359
property, plant and equipment	48,016	50,000	7,434	68,302	98,736	129,170	190,373	221,142	251,577		40,000
right-of-use assets	267,233	238,590	41,094	30,326	69,143	120,877	224,336	276,061	327,786	697,753	491,630	374,324	451,770	490,493
exploration and evaluation assets	141,284,490	135,317,346	128,122,617	118,017,742	114,623,989	111,902,410	106,698,962	96,901,990	92,144,912	84,785,069	74,522,378	68,862,927	63,222,969	56,785,349	54,467,749	53,222,045	49,617,686	48,724,375	48,093,950	43,106,620	42,082,913	41,723,780	41,517,222	40,966,002	40,218,996	39,719,430	39,120,476	37,537,269	37,130,644	36,663,395		35,985,307	34,703,375	33,581,848	30,746,696	29,038,352	27,639,939	25,078,886	21,939,518	18,973,282	47,528,131	45,938,009	43,734,281	81,619,696	76,515,156	76,515,156	74,414,221
liabilities	5,475,090	5,464,814	2,950,578	2,932,704	2,763,025	4,336,679	7,357,327	3,552,382	3,214,144	5,612,664	4,134,747	2,674,419	4,176,923	2,024,949								650,737	983,613	786,028	767,248	863,305	666,042	561,305	541,173	436,173		936,128	772,023	892,794	1,215,552	909,349	584,230	2,173,285	1,852,660	1,563,862	1,250,206	1,101,080	1,048,503	4,198,204	3,294,068	3,294,068	2,895,930	13,713,040	13,876,583	13,876,583	14,640,981	14,162,462		12,410,192	10,842,285	10,763,013	10,439,188
accounts payable and accrued liabilities	5,196,246	5,217,725	2,908,180	2,897,937	2,682,876	4,196,913	7,102,613	3,241,890	2,849,173	5,142,719	3,358,410	1,621,861	2,755,056	1,528,976	699,798	1,164,569	704,225	561,842	418,989	712,722	375,604	650,737	983,613	786,028	767,248	863,305	666,042	561,305	541,173	436,173	659,661	936,128	772,023	892,794	1,215,552	909,349	584,230	2,173,285	1,852,660	1,563,862	1,250,206	1,101,080	1,048,503	2,253,068	1,348,932	1,348,932	950,794	1,240,539	1,404,082	1,404,082	2,168,480	1,689,961	1,097,409	2,445,077	877,170	797,898	474,073	797,898	1,501,448	861,049	1,012,124	907,825	1,491,051	1,398,207	558,801	737,314	828,032	158,587
current portion of lease obligation	186,452	123,434	18,663	34,767	80,149	139,766	236,934	226,134	245,673	245,273	249,747	177,357	164,978	162,914
current liabilities	5,382,698	5,341,159	2,926,843	2,932,704	2,763,025	4,336,679	7,339,547	3,468,024	3,094,846	5,387,992	3,860,351	2,450,735	3,876,943	1,691,890	699,798	1,168,813	738,953	608,558	418,989	712,722	375,604																			1,563,862							950,794
lease obligations	92,392	123,655	23,735				17,780	84,358	119,298	224,672	274,396	223,684	299,980	333,059
shareholders' equity	192,812,235	191,689,960	191,048,220	190,683,514	190,739,852	141,987,177		133,779,124	110,443,388	110,592,356	110,729,769	111,305,841	112,322,785	106,132,106	81,967,631	55,776,982	55,228,897	51,193,147																																				70,905,860	67,635,876
share capital	277,814,004	275,365,655	274,337,363	272,237,207	272,158,699	219,917,135	210,283,958	210,005,092	185,643,706	183,542,846	183,369,901	183,294,751	183,190,992	176,390,601	151,165,793	123,882,929	122,786,044	118,403,223	117,730,970	114,944,106	111,926,166	111,891,213	111,401,048	110,890,797	108,021,796	107,181,891	106,231,384	105,371,442	105,270,155	105,113,340	105,113,340	105,113,340	105,113,340	105,113,340	105,084,993	105,057,214	104,620,174	104,620,174	104,620,174	104,603,488	104,217,164	104,217,164	104,217,164	103,747,315	103,714,478	103,714,478	99,762,215	97,086,083	79,810,303	79,810,303	79,790,495	75,650,170	77,567,251	74,693,628	71,951,130	71,951,130	71,951,130	71,951,130	71,951,130	71,951,130	71,883,630	71,883,630	71,883,629	71,571,029	71,406,307	69,913,797	39,150,018	6,022,277
contributed surplus	39,005,151	39,440,933	39,199,490	38,704,246	38,158,355	38,607,130	37,836,574	37,348,256	37,501,726	37,253,697	36,857,429	36,225,437	35,203,220	34,903,069	34,787,107	34,374,532	34,484,355	34,406,034	33,821,984	33,673,509	33,561,551	33,307,142	33,229,333	33,181,478	32,689,577	32,842,934	33,014,208	32,864,099	32,846,910	32,849,330	32,799,280	32,740,181	32,681,030	32,595,436	32,424,524	32,320,693	32,403,161	32,155,361	31,996,989	31,781,680	31,036,559	30,546,014	29,870,978	28,509,702	27,880,372	27,880,372	29,264,497	29,411,940	24,981,831	24,981,831	24,851,014	26,009,461	25,921,463	24,035,353	22,998,745	22,698,985	22,832,741	22,698,985	22,542,151	22,358,716	22,294,000	22,091,594	21,847,978	21,836,266	21,645,416	22,455,594	21,353,610	247,021
deficit																																																										-42,482,557
liabilities and shareholders' equity	198,287,325	197,154,774	193,998,798	193,616,218	193,502,877	146,323,856		137,331,506	113,657,532	116,205,020	114,864,516	113,980,260	116,499,708	108,157,055	82,667,429	56,945,795	55,967,850	51,801,705
subsequent event
shareholders’ equity							133,723,280												50,499,621	48,170,937	45,712,253	46,774,171	46,873,907	47,278,609	45,075,040	44,993,660	44,906,242	45,157,439	45,619,635	45,777,904		46,897,844	47,315,527	47,901,563	48,626,776	48,714,803	49,118,400	49,793,454	50,274,221	50,159,406	50,120,820	50,368,720	50,712,786	94,987,655	95,798,905	95,798,905	93,979,710	95,664,251	74,624,348	74,624,348	75,047,442	72,841,012				68,453,479	68,064,462
liabilities and shareholders’ equity							141,080,607												50,918,610	48,883,659	46,087,857	47,424,908	47,857,520	48,064,637	45,842,288	45,856,965	45,572,284	45,718,744	46,160,808	46,214,077		47,833,972	48,087,550	48,794,357	49,842,328	49,624,152	49,702,630	51,966,739	52,126,881	51,723,268	51,371,026	51,469,800	51,761,289	99,185,859	99,092,973	99,092,973
subsequent events
flow-through premium liability											252,194	651,517	956,909			4,244	34,728	46,716
commitments
property and equipment																																								13,672	41,026	54,703	68,380	95,734	109,411	109,411	125,398	141,383	157,367	157,367	173,353	191,537	209,506	227,519	245,532	297,551	272,967	297,551	63,649	45,875	54,574	63,273	72,067	80,861	89,497	98,172	107,105
mineral properties																															36,389,795																	85,330,161	84,307,328	84,307,328	80,893,851	75,376,844	47,024,377	70,960,998	67,117,675	65,702,582	65,970,008	47,024,377	64,047,426	61,664,820	58,853,128	57,194,181	55,395,547	51,097,993	47,265,078	46,507,499	4,523,514	4,635,474
total assets																															47,089,862																						61,109,909					60,538,287										5,963,748
total liabilities																															659,661																						7,671,951															826,738
total shareholders’ equity																															46,430,201																						53,437,958					52,167,558
total liabilities and shareholders’ equity																															47,089,862																						61,109,909
net assets																															46,430,201																						53,437,958					52,167,558
expressed in canadian dollars
reclamation bond																																												80,300	80,300	80,300	80,300	80,300	80,300	80,300	80,300	80,300		80,300	80,300
deferred tax liability																																												1,945,136	1,945,136	1,945,136	1,945,136
share premium
liabilities + shareholders’ equity																																															96,875,640	109,377,291	88,500,931	88,500,931	89,688,423	87,003,474				79,216,492
other receivables																																																131,914	191,747	191,747	260,018	127,294		209,941	47,264	103,233	36,831		97,911	110,941	58,721	116,734	162,141	284,462	123,802	235,367
prepaid expenses																																																56,638	35,476	35,476	48,325	428,974		51,228	56,292	50,760	45,922		39,080	66,109	47,943	55,076	46,923	63,619		82,608	72,270	1,425
future income tax																																																12,472,501	12,472,501	12,472,501	12,472,501	12,472,501		9,965,115	9,965,115	9,965,115	9,965,115		10,310,549	10,310,549	10,310,549	10,310,549	11,710,372	11,710,372	11,710,372	11,710,372		668,151
short-term investments .																																																	2,000,441	2,000,441
reclamation obligation																																																					80,300
other liabilities																																																					685,000
future income tax liability																																																					5,889,542					7,572,831
liabilities + shareholders' equity																																																						83,316,052	78,478,161
liabilities+shareholders’ equity																																																									78,503,650
prepaid expenses and advances																																																																	734,566
accumulated other comprehensive income
accounts receivable																																																																			55,810
receivables																																																																				18,582
total current assets																																																																				1,309,794
equipment																																																																				18,480
total shareholders' equity																																																																				5,137,010
total liabilities and shareholders' equity																																																																				5,963,748

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-08-08	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-03-31

cash flows provided by
operating activities																																								61,489
loss and comprehensive loss
items not affecting cash																																									-163,560	-14,299	595,554					-22,800	-80,825	205,014		-38,405	85,856
depreciation	31,333	16,821	16,561	38,817	51,134	51,734	51,725	51,725	51,725	38,723	38,723	38,723	38,723
finance costs	5,074	2,100	1,047	1,197	2,401	3,571	5,839	6,940	8,008	12,095	7,802	8,452	9,714
gain on marketable securities
share-based payments	474,126	747,852	641,804	586,662	690,293	642,961	558,972	146,691	207,011	309,770	380,869	569,736	600,187	209,654	196,763	164,225	70,998	95,855	35,306	40,653	49,118	-9,438	62,969	81,282	-114,303	102,060	86,718	39,409	35,375	39,725		40,266	59,972	57,058	77,444	80,158	88,008		-74,779	246,542	-163,560	-14,299	595,554
change in non-cash working capital items										27,734							-69,265	163,392														1,371			-16,270	86,558	52,157					46,916	22,038					-165,484					1,542			12,276
settlement of dsu's
financing activities	1,395,958	418,162	1,255,712	-46,579	51,006,843	3,373,208	-61,617	23,868,073	1,378,982		14,603	37,104	8,131,211	25,099,094	192,000	794,333	4,417,844	1,845,510	16,700	3,017,940	25,000	372,500	360,000	3,188,001	586,166	666,167	181,000	70,666							19,599								301,500					-2,831,633	2,781,480	62,033	5,295,065
financings				0
financing costs
exercise of stock options	1,427,584			0	3,247,500	217,500	0	585,000	1,440,000	0	55,332	77,833	816,000	340,500	192,000	794,334												70,666							19,599								301,500		2,193,642	257,408		-425,383	421,763	15,500	89,917						434,900	-53,200	-302,900	368,900	583,374
exercise of warrants	0	0	1,275,000																																														2,357,500	48,750
lease payments
investing activities									1,803,627																-484,917	458,711	200,142	629,471	272,706	483,478					-1,384,165	2,296,800	3,570,142
redemption (purchase) of short-term investments - net
mineral property expenditures																																																														119,820
proceeds from sale of marketable securities	2,217,357
purchase of property, plant and equipment
change in cash and cash equivalents							-91,668	802,000	1,804,473				7,059,987			-3,028,438	3,164,844	1,168,236																	-1,523,029	1,950,097	3,257,790
cash and cash equivalents - beginning	0	0	14,202,317	0	0	25,971,261	0	0	1,341,267	0	0	30,688,210	0	0	28,647,190	0	0	1,641,721
cash and cash equivalents - ending	-7,397,793	7,652,565	10,145,713	-4,277,597	444,664	20,313,926	-91,668	802,000	3,145,740	-9,559,814	-7,587,792	22,145,771	7,059,987	11,706,870	16,980,046	-3,028,438	3,164,844	2,809,957										300,975	-95,550	642,632	-1,182,659	-7,019,042	5,301,846	3,730,181	-1,523,029	1,950,097	9,302,265			23,478,039			950,413
(gain) loss on marketable securities
redemption (purchase) of short-term investments		12,118,317	1,243,806						5,000,000																					850,000					0	3,000,000	5,000,000						1,500,000
unrealized (gain) on marketable securities
private placement						3,323,363	0
private placement issuance costs
non-cash working capital items
change in accrued interest
change in other assets				138,995	132,641	69,039
change in accounts payable and accrued liabilities				-78,288	212,103	147,540
financings costs
purchase of short-term investments - net
loss on marketable securities
purchase of short-term investments
redemption of short-term investments																																									50,000
flow-through premium recovery
leasehold improvements
unrealized gain on marketable securities
unrealized loss on marketable securities										39,180	462,600	102,520			41,700			52,100
private placement proceeds													8,010,000			0	4,480,000	1,950,000
right of use asset
unrealized (gain) loss on marketable securities													240,120
change in accounts payable and accrued liabilities related to operations
purchase canadian creek claims
cash from
change in cash and equivalents																						-168,687	41,138	384,204
cash and cash equivalents – beginning																			0	0	3,026,385	0	0	395,370	0	0	611,690	0	0	830,326	0	0	0	7,471,834	0	0	6,044,475			33,517,542			1,363,136			1,630,698		1,679,788	-2,884,521	3,436,131
cash and cash equivalents																			-1,781,060	1,646,068	2,131,579	-168,687	41,138	779,574			324,557											-681,223			313,199
salaries and director fees																			-11,964	14,241	203,292	-1,390	-12,683	207,811			213,951
key management compensation																			23,342	54,894	252,410	-10,828	50,286	289,093
1.
2.
3.
4.
5.
for the three months ended march 31,																					2,019			2,018			2,017
management compensation																											300,669
cash flows from
unrealized loss(gain) on marketable securities
the accompanying notes are an integral part of these financial statements
loss for the period
items not affecting cash share-based payments
exploration and evaluation expenditures
net increase
beginning balance																																						-16,698,901			-399,023
decrease in cash and cash equivalents
amortization																																													0	2,308		-2,198	215	4,292	29,000	-9,424	10,904	1,226	0	8,699	26,105	158	-39	8,675	14,856	13,641
share issuance costs
exploration and evaluation
expressed in canadian dollars
net income for the period
common share donation
stock-based compensation																																												490,736	-24,225	106,387		-20,602	36,860	82,822	278,847	-28,981	74,952	25,777	-50,936	135,503	682,737	-13,412	-85,819	302,246	536,198	233,629
deferred tax expense
common share issuance costs
sale of short-term investments
increase in cash and cash equivalents																																																													-4,286,640	1,289,786
cash and cash equivalents – beginning of period
cash and cash equivalents – end of period
cash flow from
net loss and comprehensive loss
increase in other assets
contributions by western copper
change in cash
cash – beginning of period
cash – end of period
january 1, 2010
exploration
december 31, 2010
engineering studies
permitting
salary and wages
june 30, 2011
donation of common shares																																																		117,900
tax expense
sale (purchase) of short-term investments																																														500,000
exploration and evaluation asset expenditures
cash and cash equivalents – ending																																														505,700		-503,126	1,679,788	551,610
loss and comprehensive loss – canadian gaap
mineral property write-off under canadian gaap
exploration expenditures for the period under us gaap
future income tax recovery under canadian gaap
future income tax recovery under us gaap
loss and comprehensive loss – us gaap
loss and diluted loss per common share
weighted-average number of common shares outstanding
deficit – us gaap, beginning of year
deficit – us gaap, end of year
cash from operating activities – canadian gaap
adjustment for mineral properties and deferred exploration under us gaap
cash from (used in) operating activities – us gaap
cash from financing activities – canadian gaap
gross proceeds received from issuance of flow-through units
cash from financing activities – us gaap
cash from investing activities – canadian gaap
cash from (used in) investing activities – us gaap
i)
ii)
issuance of common shares and warrants																																																			5,375,000
net proceeds from short-term investments
issuance costs - donation of common shares
proceeds from short-term investments
loss for the year
future income tax recovery
mineral property write-off
proceeds from (invested in) short-term investments
acquisition of property and equipment
increase in cash and
cash equivalents
cash and cash equivalents - beginning of the
period																																																				-1,302,671
cash and cash equivalents - end
of the period
funding by western silver corporation
issue of class a voting shares
redemption of class a voting shares
cash received from western silver pursuant to the plan of arrangement
proceeds from
proceeds from the sale of marketable securities																																																													995,348
expenditures relating to the acquisition of lumina resources
corporation, net of cash acquired
net expenditures on property and equipment
acquisition of marketable securities
increase (decrease) in cash and cash equivalents
cash and cash equivalents - beginning of the year
cash and cash equivalents - end of the year
supplemental cash flow information
cash and cash equivalents - beginning of the period																																																					5,037,204			23,726,947				2,290,022
cash and cash equivalents - end of the period																																																					4,097,527			21,963,631				1,485,558
decrease in short-term investments																																																											31,365,868	1,713,060
cash and cash equivalents - beginning of period																																																						-3,436,398				28,956,376
cash and cash equivalents - end of period																																																						-2,066,990				-4,117,654
cash received from western silver pursuant to the
plan of arrangement
expenditures relating to the acquisition of lumina
resources corporation, net of cash acquired
gain on sale of marketable securities
cash received from western silver pursuant
to the plan of arrangement
proceeds from the sale of marketable
securities
increase in short-term investments
resources inc., net of cash acquired
cash received from western silver pursuant to
the plan of arrangement
net loss for the period
items not involving cash:
net changes in non-cash working capital items:
receivables
prepaid expenses																																																														1,158
accounts payable and accrued liabilities																																																														38,551
shares issued for cash
- upon incorporation
- upon reorganization of lumina																																																														3,791,427
- upon exercise of options																																																														3,380
purchase of equipment
expenditures on mineral properties
accounts payable and accrued liabilities incurred for
cash and cash equivalents, beginning of period																																																														1
cash and cash equivalents, end of period																																																														1,289,787

Western Copper and Gold Corporation(NYSE MKT:WRN)

Western Copper and Gold Corporation
(NYSE MKT:WRN)