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EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
EXCEL - IDEA: XBRL DOCUMENT - Bullion Monarch Mining, Inc. (NEW)Financial_Report.xls
10-Q - QUARTERLY REPORT ON FORM 10Q FOR THE QUARTER ENDED OCTOBER 31, 2011 - Bullion Monarch Mining, Inc. (NEW)f10q2ndqtr2012121511fsv5redl.htm
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EX-32 - 906 CERTIFICATION - Bullion Monarch Mining, Inc. (NEW)ex32.htm
EX-31 - 302 CERTIFICATION OF PHILIP MANNING - Bullion Monarch Mining, Inc. (NEW)ex312.htm
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BULLION MONARCH MINING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three and Six Months Ended October 31, 2011 and 2010 (USD $)
3 Months Ended 6 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2011
Oct. 31, 2010
Royalty Revenue $ 1,636,989 $ 1,411,196 $ 2,852,120 $ 2,772,118
Operating Expense        
Professional fees 316,140 147,803 540,918 490,888
Salaries and benefits 224,629 169,311 468,214 335,258
General and administrative 198,808 159,967 390,378 244,024
Gold tax 75,849 68,560 136,606 139,154
Exploration 500,060 0 1,073,271 0
Write down of mining property 1,365,879 0 1,365,879 0
Research and development 86,457 128,160 172,072 234,187
Total Operating Expenses 2,767,822 673,801 4,147,338 1,443,511
Operating Income (Loss) (1,130,833) 737,395 (1,295,218) 1,328,607
Other Income (Expense)        
Interest income 1,143 1,847 2,245 2,912
Interest expense (18,045) 0 (25,340) 0
Gain on foreign exchange 1,844 0 2,081 0
Loss on sale of assets 0 0 (23,662) 0
Loss from joint venture 0 0 0 (406,765)
Loss on investment 0 0 0 (1,500)
Total Other Income (Expense) (15,058) 1,847 (44,676) (405,353)
Net Income (Loss) Before Income Taxes (1,145,891) 739,242 (1,339,894) 923,254
Provision (Benefit) For Income Taxes (484,489) 172,838 (349,379) 157,457
Net Income (Loss) (661,402) 566,404 (990,515) 765,797
Plus: Net Loss Attributable to Noncontrolling Interests 31,968 38,235 65,748 71,826
Net Income (Loss) Attributable to Bullion Stockholders (629,434) 604,639 (924,767) 837,623
Other Comprehensive Income (Loss)        
Foreign currency translation adjustment (106,353) 0 (17,057) 0
Change in unrealized gain (loss) on marketable securities (12,453) (45,321) 12,645 (115,032)
Net Comprehensive Income (Loss) $ (748,240) $ 559,318 $ (929,179) $ 722,591
Net Income (Loss) Per Share - Basic and Diluted $ (0.02) $ 0.01 $ (0.02) $ 0.02
Weighted Average Shares Outstanding 41,819,019 38,559,092 42,661,556 38,602,157