Golden Queen Mining Consolidated (GQMNF) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 10, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	GOLDEN QUEEN MINING CO LTD
Entity Central Index Key	1,025,362
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	GQM
Entity Common Stock, Shares Outstanding		99,928,683

Condensed Consolidated Interim

Condensed Consolidated Interim Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 26,658,270	$ 37,587,311
Receivables	26,164	23,962
Inventory (Note 2)	4,424,044	1,935,599
Prepaid expenses and other current assets	439,784	432,353
Total current assets	31,548,262	39,979,225
Property, plant, equipment and mineral interests (Note 3)	136,785,656	128,562,572
Reclamation financial assurance deposit (Note 5)	0	902,382
Total Assets	168,333,918	169,444,179
Current liabilities:
Accounts payable and accrued liabilities (Note 7(i))	3,631,830	3,258,692
Interest payable (Note 7(ii))	988,696	969,645
Notes payable (Note 7(ii))	37,634,420	36,053,012
Current portion of loan payable (Note 12)	5,057,912	4,942,716
Derivative liability - Warrants (Note 7(iii))	9,423,226	2,498,269
Derivative liability- Hedging instruments (Note 8)	106,268	0
Total current liabilities	56,842,352	47,722,334
Asset retirement obligations (Note 5)	1,075,149	978,453
Loan payable (Note 12)	12,379,776	13,430,107
Deferred tax liability	12,922,000	12,922,000
Total liabilities	83,219,277	75,052,894
Temporary Equity
Redeemable portion of non-controlling interest (Note 7(v))	26,981,875	27,123,741
Shareholders’ Equity
Common shares, no par value, unlimited shares authorized (2015 -unlimited); 99,928,683 (2015 - 99,778,683) shares issued and outstanding (Note 4)	62,860,443	62,860,443
Additional paid-in capital	43,631,310	43,627,511
Deficit accumulated	(88,831,798)	(79,906,021)
Total shareholders’ equity attributable to GQM Ltd.	17,659,955	26,581,933
Non-controlling interest (Note 7(v))	40,472,811	40,685,611
Total Shareholders’ Equity	58,132,766	67,267,544
Total Liabilities, Temporary Equity and Shareholders’ Equity	$ 168,333,918	$ 169,444,179

Condensed Consolidated Interim3

Condensed Consolidated Interim Balance Sheets (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized, Unlimited	Unlimited	Unlimited
Common Stock, Shares, Issued	99,928,683	99,778,683
Common Stock, Shares, Outstanding	99,928,683	99,778,683

Condensed Consolidated Interim4

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
General and administrative expenses	$ (1,527,176)	$ (739,533)
Change in fair value of derivative liability including change in foreign exchange (Notes 7(iii) and 8)	(7,031,225)	(101,749)
Total Operating Expenses	(8,558,401)	(841,282)
Interest expense (Note 7(iv))	(761,571)	(947,753)
Interest income	39,529	66,142
Net loss and comprehensive loss for the period	(9,280,443)	(1,722,893)
Deduct: Net loss and comprehensive loss attributable to the non-controlling interest for the period (Note 7(v))	354,666	286,706
Net loss and comprehensive loss attributable to Golden Queen Mining Co Ltd. for the period	$ (8,925,777)	$ (1,436,187)
Loss per share - basic (Note 11) (in dollars per share)	$ (0.09)	$ (0.01)
Loss per share - diluted (Note 11) (in dollars per share)	$ (0.09)	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted (in shares)	99,928,683	98,785,350

Condensed Consolidated Interim5

Condensed Consolidated Interim Statements of Shareholders’ Equity, Non-controlling Interest and Redeemable Portion of Non-controlling Interest - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit Accumulated [Member]	Total Shareholders' Equity attributable to GQM Ltd [Member]	Non-controlling Interest [Member]	Redeemable Portion of Non-controlling Interest [Member]
Balance at Dec. 31, 2014	$ 65,983,177	$ 62,709,015	$ 43,468,510	$ (74,444,816)	$ 31,732,709	$ 34,250,468	$ 22,833,645
Balance (in shares) at Dec. 31, 2014		99,778,683
Issuance of common shares as part of management agreement (Note 6)	151,428	$ 151,428	0	0	151,428	0	0
Issuance of common shares as part of management agreement (in shares)		150,000
Stock-based compensation	159,001	$ 0	159,001	0	159,001	0	0
Capital contribution from non-controlling interest (Note 7(v))	7,500,000	0	0	0	0	7,500,000	5,000,000
Net loss for the period	(6,526,062)	0	0	(5,461,205)	(5,461,205)	(1,064,857)	(709,904)
Balance at Dec. 31, 2015	67,267,544	$ 62,860,443	43,627,511	(79,906,021)	26,581,933	40,685,611	27,123,741
Balance (in shares) at Dec. 31, 2015		99,928,683
Stock-based compensation	3,799	$ 0	3,799	0	3,799	0	0
Net loss for the period	(9,138,577)	0	0	(8,925,777)	(8,925,777)	(212,800)	(141,866)
Balance at Mar. 31, 2016	$ 58,132,766	$ 62,860,443	$ 43,631,310	$ (88,831,798)	$ 17,659,955	$ 40,472,811	$ 26,981,875
Balance (in shares) at Mar. 31, 2016		99,928,683

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net loss for the period	$ (9,280,443)	$ (1,722,893)
Adjustments to reconcile net loss to cash used in operating activities:
Amortization and depreciation	6,739	7,700
Amortization of debt discount and interest accrual	761,571	934,342
Change in fair value of derivative liabilities including change in foreign exchange	7,031,225	101,749
Stock-based compensation	3,799	0
Non-cash consulting expense	0	151,428
Foreign exchange gain	0	(581,102)
Changes in assets and liabilities:
Receivables	(2,202)	17,635
Prepaid expenses and other current assets	(7,431)	(143,117)
Inventory	(1,620,940)	0
Accounts payable and accrued liabilities	51,807	132,611
Interest payable	(144,284)	(250,000)
Cash used in operating activities	(3,200,159)	(1,351,647)
Investment activities:
Additions to property, plant, equipment and mineral interests	(7,401,004)	(18,131,600)
Release (purchase) of reclamation financial assurance deposit	902,382	(14)
Cash used in investing activities	(6,498,622)	(18,131,614)
Financing activities:
Repayment of loans payable	(1,230,260)	(90,779)
Repayment of short-term debt	0	(2,500,000)
Financing fees related to short-term debt capitalized to the loan	0	(250,000)
Cash provided by financing activities	(1,230,260)	(2,840,779)
Net change in cash	(10,929,041)	(22,324,040)
Cash, Beginning balance	37,587,311	91,407,644
Cash, Ending balance	$ 26,658,270	$ 69,083,604

Business Description and Accoun

Business Description and Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Business Description and Accounting Policies [Text Block]	Nature of Business Golden Queen Mining Co. Ltd. (“Golden Queen”, “GQM Ltd.” or the “Company”) is engaged in the development of the Soledad Mountain Project (“the Project”), located in the Mojave Mining District, Kern County, California. The construction phase of the Project was completed in February 2016 and the Company commenced production in March 2016. The Company originally used its wholly owned subsidiary, Golden Queen Mining Company, Inc. (“GQM Inc.”), to explore and develop the Project. On September 10, 2014, GQM Inc. was converted to a limited liability company, Golden Queen Mining Company, LLC (“GQM LLC”). The Company entered into a Joint Venture (the “JV”) agreement with Gauss LLC (“Gauss”) through its newly formed, wholly owned subsidiary, Golden Queen Mining Holdings, Inc. (“GQM Holdings”). The JV was completed on September 15, 2014. Upon completion of the JV, both the Company, through GQM Holdings, and Gauss each owned, and continue to own, 50 Basis of Preparation These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accounting policies followed in preparing these condensed consolidated interim financial statements are those used by the Company as set out in the audited consolidated financial statements for the year ended December 31, 2015. Certain information and note disclosures normally included for annual consolidated financial statements prepared in accordance with U.S. GAAP have been omitted. These condensed consolidated interim financial statements should be read together with the audited consolidated financial statements of the Company for the year ended December 31, 2015. In the opinion of management, all adjustments considered necessary (including reclassifications and normal recurring adjustments) to present fairly the financial position, results of operations and cash flows at March 31, 2016 and for all periods presented, have been included in these financial statements. The interim results are not necessarily indicative of results for the full year ending December 31, 2016, or future operating periods. For further information, see the Company’s annual consolidated financial statements, including the accounting policies and notes thereto. The preparation of financial statements in conformity with GAAP requires management to make judgements, estimates, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates and judgements have been made by Management in several areas including the accounting for the joint venture transaction and determination of temporary and permanent non-controlling interest, the recoverability of mineral properties expenditures, royalty obligations, inventory valuations, ore on heap leach pads, asset retirement obligations, convertible debentures, and derivative liability – warrants. A key judgement for 2016 relates to when the Soledad Mountain mine enters the production phase. Generally, under US GAAP a mine would be considered to be in the production phase once it has demonstrated that it is producing saleable quantities of product. As at March 31, 2016, the Soledad Mountain mine is not considered to have entered the production phase. Principles of Consolidation The Company consolidates all entities in which it can vote a majority of the outstanding voting stock. In addition, it consolidates entities which meet the definition of a variable interest entity for which it is the primary beneficiary. The primary beneficiary is the party who has the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance and who has an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. We consider special allocations of cash flows and preferences, if any, to determine amounts allocable to non-controlling interests. All intercompany transactions and balances are eliminated in consolidation. These condensed consolidated interim financial statements include the accounts of Golden Queen, a British Columbia corporation, its wholly-owned subsidiaries, GQM Canada, GQM Holdings, a US (State of California) corporation, and GQM LLC, a limited liability company in which Golden Queen has a 50 (i) Effective August 2014, FASB issued Accounting Standards update (“ASU”) 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40 –Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The update essentially requires management of all entities, for annual and interim periods, to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued. If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following: 1. Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans). 2. Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations. 3. Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern. If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern This update will come into effect for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is assessing the impact of this standard. (ii) In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) – Amendments to the Consolidation Analysis ⋅ Placing more emphasis on risk of loss when determining a controlling financial interest. A reporting organization may no longer have to consolidate a legal entity in certain circumstances based solely on its fee arrangement, when certain criteria are met. ⋅ Reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a variable interest entity (VIE). ⋅ Changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. The ASU will be effective for periods beginning after December 15, 2015, for public companies. Early adoption is permitted, including adoption in an interim period. The Company adopted the ASU effective January 1, 2016. The Company assessed and concluded there was no impact on the Company with the adoption of the new standard. (iii) In January 2016, FASB issued ASU 2016-01, Financial Instruments – Recognition and measurement of financial assets and financial liabilities (Subtopic 825-10) which updates several aspects of recognition, measurement, presentation and disclosure of financial instruments. The amendments that are relevant to the Company are as follows: 1. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 2. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 3. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. The ASU will be effective for periods beginning after December 15, 2017, for public companies. The Company is assessing the impact of this standard. (iv) In March 2016, FASB issued ASU 2016-09, Compensation – Stock Compensation (Subtopic 718) which updates several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The ASU will be effective for periods beginning after December 15, 2016, for public companies. The Company is assessing the impact of this standard.

Ability to Continue as a Going

Ability to Continue as a Going Concern	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	1. Ability to Continue as a Going Concern The Company has generated no revenues from operations since inception and as at March 31, 2016 had an accumulated deficit of $ 88,831,798 25,294,090 3,055,875 Golden Queen, on a non-consolidated basis, currently does not have sufficient funds to repay the $ 37,500,000 While Golden Queen has been successful at certain of these efforts in the past, there can be no assurance that future efforts will be successful. This raises substantial doubt about this entity’s ability to continue as a going concern. At the Project level, GQM LLC has sufficient funds to meet its contractual obligations for the next twelve months. The Company’s access to the net assets of GQM LLC is determined by the Board of Managers of GQM LLC. The Board of Managers is not controlled by the Company and therefore there is no guarantee that any access to the net assets of GQM LLC would be provided to the Company in order to continue as a going concern. The Board of Managers of GQM LLC determine when and if distributions from GQM LLC are made to the holders of its membership units at their sole discretion. These condensed consolidated interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Such adjustments could be material.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2016
Inventory, Net [Abstract]
Inventory Disclosure [Text Block]	2. Inventory March 31, 2016 December 31, 2015 Stockpile inventory $ 1,018,603 $ 1,259,669 Dore inventory 255,527 - Supplies and spare parts 1,122,325 592,690 $ 2,396,455 $ 1,852,359 Ore on heap leach pad: Current $ 2,027,588 83,240

Property, Plant, Equipment and

Property, Plant, Equipment and Mineral Interests	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	3. Property, Plant, Equipment and Mineral Interests March 31, 2016 December 31, 2015 Land $ 3,895,681 $ 109,600 Mineral property interest and claims 1,896,239 4,458,744 Mine development 38,274,609 86,038,407 Mine equipment 55,855,709 25,425,661 Buildings 17,010,959 5,691,335 Computer equipment and software 304,582 51,030 Vehicles 1,956,586 218,822 Infrastructure (Water/power) 10,905,711 978,573 Asset retirement costs 723,574 626,878 Capitalized interest 6,180,069 5,174,846 Less: Accumulated depreciation, depletion and amortization expensed (218,063) (211,324) $ 136,785,656 $ 128,562,572 During the three month period ended March 31, 2016, the Company capitalized depreciation of $ 3,777,949 1,850,403 The Company is capitalizing a portion of the interest expense related to the convertible debenture and notes payable in accordance with its accounting policy. See Note 7 (iv) –Amortization of Discounts and Interest Expense.

Share Capital

Share Capital	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	4. Share Capital The Company’s common shares outstanding are no par value, voting shares with no preferences or rights attached to them. Common shares – 2016 During the three months ended March 31, 2016, no common shares were issued by the Company. Common shares – 2015 In March 2015, the Company issued 150,000 151,428 Stock options The Company has elected to use the Black-Scholes option pricing model to determine the fair value of stock options granted. In accordance with the accounting standard for employees, the compensation expense is amortized on a straight-line basis over the requisite service period, which approximates the vesting period. Compensation expense for stock options granted to non-employees is amortized over the contract services period or, if none exists, from the date of grant until the options vest. Compensation associated with unvested options granted to non-employees is re-measured on each balance sheet date using the Black-Scholes option pricing model. Shares Weighted Options outstanding and exercisable, December 31, 2014 750,000 $ 1.29 Options issued 570,000 $ 0.58 Options forfeited (250,000) $ 1.18 Options outstanding, December 31, 2015 1,070,000 $ 0.94 Options exercisable, December 31, 2015 976,667 $ 0.97 Options outstanding, March 31, 2016 1,070,000 $ 0.94 Options exercisable, March 31, 2016 976,667 $ 0.97 There were no stock options issued, expired, forfeited or cancelled during the three months ended March 31, 2016 and 2015. During the three months ended March 31, 2016, the Company recognized $ 3,799 As at March 31, 2016, the aggregate intrinsic value of the outstanding exercisable options was $ 521,217 Expiry Number Number Remaining Exercise June 3, 2018 50,000 50,000 2.18 $ 1.16 September 3, 2018 150,000 150,000 2.43 $ 1.59 September 18, 2018 300,000 300,000 2.47 $ 1.26 September 8, 2020 570,000 476,667 4.44 $ 0.58 Balance, March 31, 2016 1,070,000 976,667 3.50

Asset Retirement Obligations an

Asset Retirement Obligations and Financial Reclamation Assurance	3 Months Ended
	Mar. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation Disclosure [Text Block]	5. Asset Retirement Obligations and Financial Reclamation Assurance Financial Reclamation Assurance The Company is required to provide the Bureau of Land Management, the State Office of Mine Reclamation and Kern County with a revised reclamation cost estimate annually. The financial assurance is adjusted once the cost estimate is approved. The Company’s provision for reclamation of the property is estimated each year by an independent consulting engineer. This estimate, once approved by state and county authorities, forms the basis for the reclamation financial assurance. The reclamation assurance provided as at March 31, 2016 was $ 624,142 624,142 The Company is also required to provide financial assurance with the Lahontan Regional Water Quality Control Board (the “Regional Board”) for closure and reclamation costs related to the lined impoundments, which are defined as the Stage 1 heap leach pad, the overflow pond, and the solution collection channel. The reclamation financial assurance estimate for as of March 31, 2016 is $ 1,210,889 In addition to the above, the Company is required to obtain and maintain financial assurance for initiating and completing corrective action and remediation of a reasonably foreseeable release from the Project’s waste management units as required by the Regional Board. The reclamation financial assurance estimate for as of March 31, 2016 is $ 278,240 278,240 In January 2016 the company entered into $ 2.1 Asset Retirement Obligation The total asset retirement obligation as of March 31, 2016 is $ 1,075,149 978,453 The Company estimated its asset retirement obligations based on its understanding of the requirements to reclaim and clean-up its property based on its activities to date. During the three months ended March 31, 2016, there was an increase of $ 96,696 9.20 9.20 2.27 2.27 March 31, 2016 December 31, 2015 Balance, beginning of the period $ 978,453 $ 624,142 Changes in cash flow estimates 96,696 278,240 Balance, end of the period $ 1,075,149 $ 978,453

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	6. Commitments and Contingencies Property rent payments (Advance minimum royalties) The Company has acquired a number of mineral properties outright. It has acquired exclusive rights to explore, develop and mine other portions of the Project under various mining lease agreements with landowners. The Company is required to make property rent payments related to its mining lease agreements with landholders, in the form of advance minimum royalties. The total property rent payments for the three months ended March 31, 2016 were $ 2,500 10,000 75,000 There are multiple third party landholders and the royalty amount due to each landholder over the life of the Project varies with each property. Finder’s fee The Company has agreed to issue 100,000 Compliance with Environmental Regulations The Company’s exploration and development activities are subject to laws and regulations controlling not only the exploration and mining of mineral properties, but also the effect of such activities on the environment. Compliance with such laws and regulations may necessitate additional capital outlays or affect the economics of a project, and cause changes or delays in the Company’s activities. The Company may, from time to time, be involved in legal proceedings and claims that arise in the ordinary course of business. The Company believes that any adverse outcome of existing claims, individually or in the aggregate, would not have a material effect on its financial position, results of operations or cash flows. Mine Development Commitments As of March 31, 2016, GQM LLC has approximately $ 2.0 See Note 12 for further details on the mining equipment loans.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	7. Related Party Transactions Except as noted elsewhere in these consolidated financial statements, related party transactions are disclosed as follows: (i) Consulting Fees For the three months ended March 31, 2015, the Company paid $ 188,934 151,428 150,000 During the three months ended March 31, 2016, the Company paid a total of $ 28,535 18,438 (ii) Notes Payable On January 1, 2014, the Company entered into an agreement to secure a $ 10,000,000 7,500,000 5 The January 2014 Loan was repaid on a date that is less than 183 days before the maturity date. As a result, the Company paid the Lenders an additional charge in the amount that is equivalent to 5 5 7,500,000 375,000 375,000 The remaining balance of the loan, $ 2,500,000 125,000 125,000 On December 31, 2014 the Company also entered into a new loan (the “December 2014 Loan”) with the same parties for an amount of $ 12,500,000 July 1, 2015 10 50 1,000,000 750,000 250,000 90,916 118,695 On June 8, 2015, the Company amended the December 2014 Loan to extend the maturity to December 8, 2016 12,500,000 37,500,000 10,000,000 June 8, 2020 0.95 1,500,000 46,408 March 31, 2016 December 31, 2015 Balance, beginning of the period $ 36,053,012 $ 13,881,305 Accretion of discount on the June 2015 Loan 606,422 1,374,228 Interest payable transferred to principal balance of the June 2015 Loan 974,986 1,181,507 Fair value at inception, notes payable - 33,497,277 Repayment of loans - (2,500,000) Accretion of financing and legal fees - 967,156 Extinguishment of the December 2014 Loan - (12,500,000) Loss on extinguishment of debt - 151,539 Balance, end of the period $ 37,634,420 $ 36,053,012 Interest payable relating to the June 2015 Loan as at March 31, 2016 was $ 988,696 969,645 (iii) Share Purchase Warrants On June 8, 2015 the Company issued 10,000,000 June 8, 2020 0.95 The share purchase warrants meet the definition of a derivative liability instrument as the exercise price is not a fixed price as described above. Therefore, the settlement feature does not meet the “fixed-for-fixed” criteria outlined in ASC 815-40-15. The fair value of the derivative liability related to the share purchase warrants as at March 31, 2016 is $ 9,423,226 2,498,269 2016 2015 Risk-free interest rate 0.68% 0.73% - 1.02% Expected life of derivative liability 4.19 years 4.44 - 5 years Expected volatility 79.45% 72.29% - 76.11% Dividend rate 0.00% 0.00% March 31, 2016 December 31, 2015 Balance, beginning of the period $ 2,498,269 $ - Fair value at inception - 4,002,723 Change in fair value 6,924,957 (1,504,454) Balance, end of the period $ 9,423,226 $ 2,498,269 (iv) Amortization of Discounts and Interest Expense Three Months Ended Three Months Ended Accretion of the June 2015 Loan discount $ 606,422 $ - Interest expense related to the June 2015 Loan 994,037 - *Interest expense related to Komatsu Financial loans 166,335 13,411 Interest expense related to the convertible debentures - 40,285 Amortization of the convertible debentures - 747,870 Interest expense related to the December 2014 Loan - 311,644 Accretion of debt discount on the convertible debentures - - Interest on Gauss advance - - Accretion of the December 2014 Loan financing fees - 536,729 Accretion of discount and interest on loan and convertible debentures $ 1,766,794 $ 1,649,939 Three Months Ended Three Months Ended Accretion of discounts and interest on loan, advance and convertible debenture $ 1,766,794 $ 1,649,939 Less: Interest costs capitalized (1,005,223) (702,186) Interest expense $ 761,571 $ 947,753 *Komatsu is not a related party and has only been included in the above table to reconcile the total interest expense incurred for the period to the amounts capitalized and expensed. (v) Joint Venture Transaction Variable Interest Entity In accordance with ASC 810-10-30, the Company has determined that GQM LLC meets the definition of a VIE and that the Company is part of a related party group that, in its entirety, would meet the definition of a primary beneficiary. Although no individual variable interest holder individually meets the definition of a primary beneficiary in the absence of the related party group, Golden Queen has determined it is considered the member of the related party group most closely associated with GQM LLC. As a result, the Company has consolidated 100 50 March 31, 2016 December 31, 2015 Assets, GQM LLC $ 156,991,083 $ 158,209,916 Liabilities, GQM LLC (22,081,711) (22,591,211) Net assets, GQM LLC $ 134,909,372 $ 135,618,705 Included in the assets above, is $ 21,319,945 31,531,853 The carrying value of the non-controlling interest is adjusted for net income and loss, distributions and contributions pursuant to ASC 810-10 based on the same percentage allocation used to calculate the initial book value of temporary equity. Three Months Ended Three Months Ended Net loss and comprehensive loss in GQM LLC $ (709,333) $ (573,413) Non-controlling interest percentage 50% 50% Net loss and comprehensive loss attributable to non-controlling interest (354,666) (286,706) Net loss and comprehensive loss attributable to permanent non-controlling interest $ (212,800) $ (172,024) Net loss and comprehensive loss attributable to temporary non-controlling interest $ (141,866) $ (114,682) Permanent Non- Temporary Non- Carrying value of non-controlling interest, December 31, 2014 $ 34,250,468 $ 22,833,645 Capital contribution 7,500,000 5,000,000 Net loss and comprehensive loss for the period (1,064,857) (709,904) Carrying value of non-controlling interest, December 31, 2015 $ 40,685,611 $ 27,123,741 Permanent Non- Temporary Non- Carrying value of non-controlling interest, December 31, 2015 $ 40,685,611 $ 27,123,741 Net loss and comprehensive loss for the period (212,800) (141,866) Carrying value of non-controlling interest, March 31, 2016 $ 40,472,811 $ 26,981,875

Derivatives used as Hedging Ins

Derivatives used as Hedging Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. Derivatives used as Hedging Instruments During the three months ended March 31, 2016, the Company entered into a series of “zero-cost put/call” collar contracts for gold with settlements scheduled between June 30, 2016 and December 30, 2016 with an average floor price of $ 1,100 1,320 For the three months ended March 31, 2016, the Company recorded an unrealized derivative loss of $ 106,268 2016 Gold zero cost collars: Floor amount (ounces) 7,000 Average floor price $ 1,100 Ceiling amount (ounces) 7,000 Average ceiling price $ 1,320 The unrealized fair value of these contracts at March 31, 2016 was $ 106,298

Supplementary Disclosures of Ca

Supplementary Disclosures of Cash Flow Information	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	9. Supplementary Disclosures of Cash Flow Information March 31, 2016 March 31, 2015 Cash paid during period for: Interest $ 144,284 $ 260,498 Non-cash financing and investing activities: Common shares issued as part of a management agreement $ - $ 151,428 Change is cash flow estimates related to asset retirement obligations charged to mineral property interests $ 96,696 $ - Mobile equipment acquired through issuance of debt $ 295,125 $ 2,865,983 Property, plant, equipment and mineral interest expenditures included in accounts payable $ 2,311,472 $ 5,521,461 Inventory expenditures included in accounts payable $ 867,505 - Non-cash interest cost capitalized to mineral property interests $ 838,888 $ 702,186 Non-cash amortization of discount and interest expense $ 606,422 $ 934,342 Interest payable converted to principal balance on notes Payable $ 974,986 $ -

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	10. Financial Instruments Fair Value Measurements All financial assets and financial liabilities are recorded at fair value on initial recognition. Transaction costs are expensed when they are incurred, unless they are directly attributable to the acquisition of qualifying assets, in which case they are added to the costs of those assets until such time as the assets are substantially ready for their intended use or sale. Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). March 31, 2016 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iv)) $ 9,423,226 $ - $ 9,423,226 $ - Derivatives – Hedging instruments (Note 8) 106,268 - 106,268 - $ 9,529,494 $ - $ 9,529,494 $ - December 31, 2015 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iv)) $ 2,498,269 $ - $ 2,498,269 $ - Under fair value accounting, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The fair value measurement of the financial instruments above use observable inputs in option price models such as the binomial and the Black-Scholes valuation models. Credit Risk Credit risk is the risk that the counterparty to a financial instrument will cause a financial loss for the Company by failing to discharge its obligations. To mitigate exposure to credit risk on financial assets the Company has established policies to ensure liquidity of funds and ensure counterparties demonstrate minimum acceptable credit worthiness. The Company maintains its US Dollar and Canadian Dollar cash in bank accounts with major financial institutions with high credit standings. Cash deposits held in the United States are insured by the FDIC for up to $ 250,000 100,000 Certain United States and Canadian bank accounts held by the Company exceed these federally insured limits or are uninsured as they relate to US Dollar deposits held in Canadian financial institutions. As of March 31, 2016 and December 31, 2015, the Company’s cash balances held in United States and Canadian financial institutions include $ 26,658,270 37,587,311 Interest Rate Risk The interest rates received on these balances may fluctuate with changes in economic conditions. Based on the average cash balances during the three months ended March 31, 2016, a 1 Foreign Currency Exchange Risk Certain purchases of corporate overhead expenditures are denominated in Canadian Dollar. As a result, currency exchange fluctuations may impact the costs of our operations. Specifically, the appreciation of the Canadian Dollar against the US Dollar may result in an increase in the Canadian operating expenses in US dollar terms. As of March 31, 2016, the Company maintained the majority of its cash balance in US Dollar. The Company currently does not engage in any currency hedging activities. Commodity Price Risk The Company’s primary business activity is the development of the open pit, gold and silver, heap leach project on the Project. Decreases in the price of either of these metals from current levels has the potential to negatively impact the future viability of the Project. The Company holds a small portfolio of derivative contracts in the form of gold zero-cost collars in order to hedge against the gold spot price volatility risk. A 10% change in the gold spot price would have a trivial impact on the change in the fair value of the derivative contracts held by the Company. The Company may enter into hedging contracts from time to time to protect the cash flows from commodity price volatility.

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. Loss Per Share Three Months Ended Three Months Ended March 31, 2016 March 31, 2015 Numerator: Net loss – numerator for basic and diluted EPS $ (8,925,777) $ (1,436,187) Denominator: Denominator for basic and diluted EPS 99,893,341 99,785,350 Basic loss per share (0.09) $ (0.01) For the three months ended March 31, 2016, 1,070,000 750,000 10,000,000 For the three months ended March 31, 2015 the convertible debentures were not included above as their impact would be anti-dilutive.

Loan Payable

Loan Payable	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	12. Loan Payable During the three months ended March 31, 2016, the Company acquired (1) one (Three months ended March 31, 2015 – (4) four) pieces of mining equipment from Komatsu through financing agreements. March 31, 2016 December 31, 2015 Balance, beginning of period $ 18,372,823 $ 913,132 Additions 352,438 23,155,510 Down payments, taxes and principal repayments (1,287,573) (5,695,819) Balance, end of period $ 17,437,688 $ 18,372,823 March 31, 2016 December 31, 2015 Total acquisition costs $ 24,614,468 $ 24,262,031 Interest rates 0.00% - 4.40% 0.00% - 4.40% Monthly payments $4,669 - $33,906 $4,669 - $33,906 Average remaining life (Years) 3.23 3.46 Short-term portion 5,057,912 4,942,716 Long-term portion $ 12,379,776 $ 13,430,107 For the three months ended March 31, 2016, the Company made total down payments of $ 57,313 574,600 10 Year Principal Payments 2016 $ 3,776,086 2017 $ 5,198,262 2018 $ 5,323,624 2019 $ 3,133,086 2020 $ 6,630 Total $ 17,437,688

Comparative Figures

Comparative Figures	3 Months Ended
	Mar. 31, 2016
Restatement of Prior Year Income [Abstract]
Restatement Of Prior Year Income [Text Block]	13. Comparative Figures Certain comparative figures have been reclassified to conform to the financial statement presentation adopted for the current year. The reclassifications had no impact on the net loss, comprehensive loss, deficit accumulated or the cash flows as previously reported. Also see Note 15 for restatement of certain 2015 balances.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	14. Subsequent Events On April 1st, 2016, the Company was to make the quarterly interest payment on the June 2015 loan. In accordance with the terms of the June 2015 loan agreement, the Company chose to exercise its right to add the interest owed on April 1st, 2016 to the principal balance. The principal balance of the loan was increased by $ 988,696

Prior Periods Financial Restate

Prior Periods Financial Restatements	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	15. Prior Periods Financial Restatements During the preparation of the deferred tax calculations for 2015 the Company found an accounting error in the calculation of the deferred income taxes for the year ended December 31, 2014. The accounting error related to the recognition of a deferred tax liability resulting from the dilution gain recorded in additional paid-in capital from the JV transaction (Note 7(vi)). The impact of the error on the financial statements for the three months ended March 31, 2015 are presented below. There was no impact on the Company’s Consolidated Statements of Loss and Comprehensive Loss or the Consolidated Statement of Cash Flows. March 31, 2015 As Previously Reported As Restated Liabilities: Deferred tax liability $ - $ 12,922,000 Total liabilities $ 31,358,690 $ 44,280,690 Shareholders’ Equity: Additional paid-in capital $ 56,390,510 $ 43,468,510 Total shareholders’ equity attributable to GQM Ltd. $ 43,369,950 $ 30,447,950 Total shareholders’ equity $ 77,448,394 $ 64,526,394

Business Description and Acco23

Business Description and Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Nature of Business [Policy Text Block]	Golden Queen Mining Co. Ltd. (“Golden Queen”, “GQM Ltd.” or the “Company”) is engaged in the development of the Soledad Mountain Project (“the Project”), located in the Mojave Mining District, Kern County, California. The construction phase of the Project was completed in February 2016 and the Company commenced production in March 2016. The Company originally used its wholly owned subsidiary, Golden Queen Mining Company, Inc. (“GQM Inc.”), to explore and develop the Project. On September 10, 2014, GQM Inc. was converted to a limited liability company, Golden Queen Mining Company, LLC (“GQM LLC”). The Company entered into a Joint Venture (the “JV”) agreement with Gauss LLC (“Gauss”) through its newly formed, wholly owned subsidiary, Golden Queen Mining Holdings, Inc. (“GQM Holdings”). The JV was completed on September 15, 2014. Upon completion of the JV, both the Company, through GQM Holdings, and Gauss each owned, and continue to own, 50
Basis of Accounting, Policy [Policy Text Block]	Basis of Preparation These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accounting policies followed in preparing these condensed consolidated interim financial statements are those used by the Company as set out in the audited consolidated financial statements for the year ended December 31, 2015. Certain information and note disclosures normally included for annual consolidated financial statements prepared in accordance with U.S. GAAP have been omitted. These condensed consolidated interim financial statements should be read together with the audited consolidated financial statements of the Company for the year ended December 31, 2015. In the opinion of management, all adjustments considered necessary (including reclassifications and normal recurring adjustments) to present fairly the financial position, results of operations and cash flows at March 31, 2016 and for all periods presented, have been included in these financial statements. The interim results are not necessarily indicative of results for the full year ending December 31, 2016, or future operating periods. For further information, see the Company’s annual consolidated financial statements, including the accounting policies and notes thereto.
Use of Estimates, Policy [Policy Text Block]	Judgements and Estimates The preparation of financial statements in conformity with GAAP requires management to make judgements, estimates, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates and judgements have been made by Management in several areas including the accounting for the joint venture transaction and determination of temporary and permanent non-controlling interest, the recoverability of mineral properties expenditures, royalty obligations, inventory valuations, ore on heap leach pads, asset retirement obligations, convertible debentures, and derivative liability – warrants. A key judgement for 2016 relates to when the Soledad Mountain mine enters the production phase. Generally, under US GAAP a mine would be considered to be in the production phase once it has demonstrated that it is producing saleable quantities of product. As at March 31, 2016, the Soledad Mountain mine is not considered to have entered the production phase.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The Company consolidates all entities in which it can vote a majority of the outstanding voting stock. In addition, it consolidates entities which meet the definition of a variable interest entity for which it is the primary beneficiary. The primary beneficiary is the party who has the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance and who has an obligation to absorb losses of the entity or a right to receive benefits from the entity that could potentially be significant to the entity. We consider special allocations of cash flows and preferences, if any, to determine amounts allocable to non-controlling interests. All intercompany transactions and balances are eliminated in consolidation. These condensed consolidated interim financial statements include the accounts of Golden Queen, a British Columbia corporation, its wholly-owned subsidiaries, GQM Canada, GQM Holdings, a US (State of California) corporation, and GQM LLC, a limited liability company in which Golden Queen has a 50
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Standards (i) Effective August 2014, FASB issued Accounting Standards update (“ASU”) 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40 –Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The update essentially requires management of all entities, for annual and interim periods, to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued. If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following: 1. Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans). 2. Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations. 3. Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern. If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern This update will come into effect for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is assessing the impact of this standard. (ii) In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) – Amendments to the Consolidation Analysis ⋅ Placing more emphasis on risk of loss when determining a controlling financial interest. A reporting organization may no longer have to consolidate a legal entity in certain circumstances based solely on its fee arrangement, when certain criteria are met. ⋅ Reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a variable interest entity (VIE). ⋅ Changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. The ASU will be effective for periods beginning after December 15, 2015, for public companies. Early adoption is permitted, including adoption in an interim period. The Company adopted the ASU effective January 1, 2016. The Company assessed and concluded there was no impact on the Company with the adoption of the new standard. (iii) In January 2016, FASB issued ASU 2016-01, Financial Instruments – Recognition and measurement of financial assets and financial liabilities (Subtopic 825-10) which updates several aspects of recognition, measurement, presentation and disclosure of financial instruments. The amendments that are relevant to the Company are as follows: 1. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 2. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 3. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. The ASU will be effective for periods beginning after December 15, 2017, for public companies. The Company is assessing the impact of this standard. (iv) In March 2016, FASB issued ASU 2016-09, Compensation – Stock Compensation (Subtopic 718) which updates several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The ASU will be effective for periods beginning after December 15, 2016, for public companies. The Company is assessing the impact of this standard.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory, Net [Abstract]
Schedule of Inventory, Current [Table Text Block]	March 31, 2016 December 31, 2015 Stockpile inventory $ 1,018,603 $ 1,259,669 Dore inventory 255,527 - Supplies and spare parts 1,122,325 592,690 $ 2,396,455 $ 1,852,359 Ore on heap leach pad: Current $ 2,027,588 83,240

Property, Plant, Equipment an25

Property, Plant, Equipment and Mineral Interests (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	March 31, 2016 December 31, 2015 Land $ 3,895,681 $ 109,600 Mineral property interest and claims 1,896,239 4,458,744 Mine development 38,274,609 86,038,407 Mine equipment 55,855,709 25,425,661 Buildings 17,010,959 5,691,335 Computer equipment and software 304,582 51,030 Vehicles 1,956,586 218,822 Infrastructure (Water/power) 10,905,711 978,573 Asset retirement costs 723,574 626,878 Capitalized interest 6,180,069 5,174,846 Less: Accumulated depreciation, depletion and amortization expensed (218,063) (211,324) $ 136,785,656 $ 128,562,572

Share Capital (Tables)

Share Capital (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following is a summary of stock option activity during the three months ended March 31, 2016 and 2015: Shares Weighted Options outstanding and exercisable, December 31, 2014 750,000 $ 1.29 Options issued 570,000 $ 0.58 Options forfeited (250,000) $ 1.18 Options outstanding, December 31, 2015 1,070,000 $ 0.94 Options exercisable, December 31, 2015 976,667 $ 0.97 Options outstanding, March 31, 2016 1,070,000 $ 0.94 Options exercisable, March 31, 2016 976,667 $ 0.97
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]	The following table summarizes information about stock options outstanding and exercisable at March 31, 2016: Expiry Number Number Remaining Exercise June 3, 2018 50,000 50,000 2.18 $ 1.16 September 3, 2018 150,000 150,000 2.43 $ 1.59 September 18, 2018 300,000 300,000 2.47 $ 1.26 September 8, 2020 570,000 476,667 4.44 $ 0.58 Balance, March 31, 2016 1,070,000 976,667 3.50

Asset Retirement Obligations 27

Asset Retirement Obligations and Financial Reclamation Assurance (Tables)	3 Months Ended
	Mar. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation [Table Text Block]	March 31, 2016 December 31, 2015 Balance, beginning of the period $ 978,453 $ 624,142 Changes in cash flow estimates 96,696 278,240 Balance, end of the period $ 1,075,149 $ 978,453

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transaction [Line Items]
Schedule of Debt [Table Text Block]	As such, as of March 31, 2016, no accrual has been made for the potential costs related to the registration rights. March 31, 2016 December 31, 2015 Balance, beginning of the period $ 36,053,012 $ 13,881,305 Accretion of discount on the June 2015 Loan 606,422 1,374,228 Interest payable transferred to principal balance of the June 2015 Loan 974,986 1,181,507 Fair value at inception, notes payable - 33,497,277 Repayment of loans - (2,500,000) Accretion of financing and legal fees - 967,156 Extinguishment of the December 2014 Loan - (12,500,000) Loss on extinguishment of debt - 151,539 Balance, end of the period $ 37,634,420 $ 36,053,012
Schedule Of Amortization Of Discounts And Interest On Loans And Convertible Debentures [Table Text Block]	The following table summarizes the amortization of discounts and interest on loans and convertible debentures: Three Months Ended Three Months Ended Accretion of the June 2015 Loan discount $ 606,422 $ - Interest expense related to the June 2015 Loan 994,037 - *Interest expense related to Komatsu Financial loans 166,335 13,411 Interest expense related to the convertible debentures - 40,285 Amortization of the convertible debentures - 747,870 Interest expense related to the December 2014 Loan - 311,644 Accretion of debt discount on the convertible debentures - - Interest on Gauss advance - - Accretion of the December 2014 Loan financing fees - 536,729 Accretion of discount and interest on loan and convertible debentures $ 1,766,794 $ 1,649,939
Schedule Of Amortization Of Discount And Interest Expense [Table Text Block]	The Company capitalizes a portion of the interest expense as it related to funds borrowed to complete development activities at the Project site. Three Months Ended Three Months Ended Accretion of discounts and interest on loan, advance and convertible debenture $ 1,766,794 $ 1,649,939 Less: Interest costs capitalized (1,005,223) (702,186) Interest expense $ 761,571 $ 947,753
Schedule of Variable Interest Entities [Table Text Block]	The net assets of GQM LLC as of March 31, 2016 and December 31, 2015 are as follows: March 31, 2016 December 31, 2015 Assets, GQM LLC $ 156,991,083 $ 158,209,916 Liabilities, GQM LLC (22,081,711) (22,591,211) Net assets, GQM LLC $ 134,909,372 $ 135,618,705
Schedule of Comprehensive Income Net of Tax Attributable To Noncontrolling Interest [Table Text Block]	Non-Controlling Interest The carrying value of the non-controlling interest is adjusted for net income and loss, distributions and contributions pursuant to ASC 810-10 based on the same percentage allocation used to calculate the initial book value of temporary equity. Three Months Ended Three Months Ended Net loss and comprehensive loss in GQM LLC $ (709,333) $ (573,413) Non-controlling interest percentage 50% 50% Net loss and comprehensive loss attributable to non-controlling interest (354,666) (286,706) Net loss and comprehensive loss attributable to permanent non-controlling interest $ (212,800) $ (172,024) Net loss and comprehensive loss attributable to temporary non-controlling interest $ (141,866) $ (114,682)
Schedule Of Non-controlling Interest [Table Text Block]	Permanent Non- Temporary Non- Carrying value of non-controlling interest, December 31, 2014 $ 34,250,468 $ 22,833,645 Capital contribution 7,500,000 5,000,000 Net loss and comprehensive loss for the period (1,064,857) (709,904) Carrying value of non-controlling interest, December 31, 2015 $ 40,685,611 $ 27,123,741 Permanent Non- Temporary Non- Carrying value of non-controlling interest, December 31, 2015 $ 40,685,611 $ 27,123,741 Net loss and comprehensive loss for the period (212,800) (141,866) Carrying value of non-controlling interest, March 31, 2016 $ 40,472,811 $ 26,981,875
Share Purchase Warrants [Member]
Related Party Transaction [Line Items]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	The derivative liability was calculated using an acceptable option pricing valuation model with the following assumptions: 2016 2015 Risk-free interest rate 0.68% 0.73% - 1.02% Expected life of derivative liability 4.19 years 4.44 - 5 years Expected volatility 79.45% 72.29% - 76.11% Dividend rate 0.00% 0.00%
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	The change in the derivative share purchase warrants is as follows: March 31, 2016 December 31, 2015 Balance, beginning of the period $ 2,498,269 $ - Fair value at inception - 4,002,723 Change in fair value 6,924,957 (1,504,454) Balance, end of the period $ 9,423,226 $ 2,498,269

Derivatives used as Hedging I29

Derivatives used as Hedging Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The following is a summary, by maturity dates, of the Company’s gold collar contracts outstanding as at March 31, 2016: 2016 Gold zero cost collars: Floor amount (ounces) 7,000 Average floor price $ 1,100 Ceiling amount (ounces) 7,000 Average ceiling price $ 1,320

Supplementary Disclosures of 30

Supplementary Disclosures of Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	March 31, 2016 March 31, 2015 Cash paid during period for: Interest $ 144,284 $ 260,498 Non-cash financing and investing activities: Common shares issued as part of a management agreement $ - $ 151,428 Change is cash flow estimates related to asset retirement obligations charged to mineral property interests $ 96,696 $ - Mobile equipment acquired through issuance of debt $ 295,125 $ 2,865,983 Property, plant, equipment and mineral interest expenditures included in accounts payable $ 2,311,472 $ 5,521,461 Inventory expenditures included in accounts payable $ 867,505 - Non-cash interest cost capitalized to mineral property interests $ 838,888 $ 702,186 Non-cash amortization of discount and interest expense $ 606,422 $ 934,342 Interest payable converted to principal balance on notes Payable $ 974,986 $ -

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	The three levels of the fair value hierarchy are as follows: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). March 31, 2016 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iv)) $ 9,423,226 $ - $ 9,423,226 $ - Derivatives – Hedging instruments (Note 8) 106,268 - 106,268 - $ 9,529,494 $ - $ 9,529,494 $ - December 31, 2015 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iv)) $ 2,498,269 $ - $ 2,498,269 $ -

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Three Months Ended March 31, 2016 March 31, 2015 Numerator: Net loss – numerator for basic and diluted EPS $ (8,925,777) $ (1,436,187) Denominator: Denominator for basic and diluted EPS 99,893,341 99,785,350 Basic loss per share (0.09) $ (0.01)

Loan Payable (Tables)

Loan Payable (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule Of Loans Payable [Table Text Block]	As at March 31, 2016 and December 31, 2015, the finance agreement balances are as follows: March 31, 2016 December 31, 2015 Balance, beginning of period $ 18,372,823 $ 913,132 Additions 352,438 23,155,510 Down payments, taxes and principal repayments (1,287,573) (5,695,819) Balance, end of period $ 17,437,688 $ 18,372,823
Schedule of Long-term Debt Instruments [Table Text Block]	The terms of the financing agreements are as follows: March 31, 2016 December 31, 2015 Total acquisition costs $ 24,614,468 $ 24,262,031 Interest rates 0.00% - 4.40% 0.00% - 4.40% Monthly payments $4,669 - $33,906 $4,669 - $33,906 Average remaining life (Years) 3.23 3.46 Short-term portion 5,057,912 4,942,716 Long-term portion $ 12,379,776 $ 13,430,107
Schedule of Maturities of Long-term Debt [Table Text Block]	The following table outlines the principal payments to be made for each of the remaining years: Year Principal Payments 2016 $ 3,776,086 2017 $ 5,198,262 2018 $ 5,323,624 2019 $ 3,133,086 2020 $ 6,630 Total $ 17,437,688

Prior Periods Financial Resta34

Prior Periods Financial Restatements (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Impact for the three months ended March 31, 2015: March 31, 2015 As Previously Reported As Restated Liabilities: Deferred tax liability $ - $ 12,922,000 Total liabilities $ 31,358,690 $ 44,280,690 Shareholders’ Equity: Additional paid-in capital $ 56,390,510 $ 43,468,510 Total shareholders’ equity attributable to GQM Ltd. $ 43,369,950 $ 30,447,950 Total shareholders’ equity $ 77,448,394 $ 64,526,394

Business Description and Acco35

Business Description and Accounting Policies (Details Textual)	Mar. 31, 2016	Mar. 31, 2015
Golden Queen Mining Holdings, Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	50.00%	50.00%
Gauss LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent	50.00%	50.00%

Ability to Continue as a Goin36

Ability to Continue as a Going Concern (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Working Capital	$ (25,294,090)
Retained Earnings (Accumulated Deficit), Total	(88,831,798)		$ (79,906,021)
Other Loans Payable, Long-term, Noncurrent	37,500,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total	$ (3,200,159)	$ (1,351,647)

Inventory (Details)

Inventory (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Stockpile inventory	$ 1,018,603	$ 1,259,669
Dore inventory	255,527	0
Supplies and spare parts	1,122,325	592,690
Inventory, Net, Total	2,396,455	1,852,359
Ore on heap leach pad: Current	$ 2,027,588	$ 83,240

Property, Plant, Equipment an38

Property, Plant, Equipment and Mineral Interests (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Land	$ 3,895,681	$ 109,600
Mineral property interest and claims	1,896,239	4,458,744
Mine development	38,274,609	86,038,407
Mine equipment	55,855,709	25,425,661
Buildings	17,010,959	5,691,335
Computer equipment and software	304,582	51,030
Vehicles	1,956,586	218,822
Infrastructure (Water/power)	10,905,711	978,573
Asset retirement costs	723,574	626,878
Capitalized interest	6,180,069	5,174,846
Less: Accumulated depreciation, depletion and amortization expensed	(218,063)	(211,324)
Property Plant Equipment and Mineral Properties Net	$ 136,785,656	$ 128,562,572

Property, Plant, Equipment an39

Property, Plant, Equipment and Mineral Interests (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation, Total	$ 3,777,949	$ 1,850,403

Share Capital (Details)

Share Capital (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding,	1,070,000
Options exercisable	976,667
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding,	1,070,000	750,000
Options issued		570,000
Options forfeited		(250,000)
Options outstanding,	1,070,000	1,070,000
Options exercisable	976,667	976,667
Weighted Average Exercise Price Per Share, Options outstanding	$ 0.94	$ 1.29
Weighted Average Exercise Price Per Share, Options issued		0.58
Weighted Average Exercise Price Per Share, Options forfeited		1.18
Weighted Average Exercise Price Per Share, Options outstanding	$ 0.94	0.94
Weighted Average Exercise Price Per Share, Options exercisable	$ 0.97	$ 0.97

Share Capital (Details 1)

Share Capital (Details 1)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding	1,070,000
Number Exercisable	976,667
Remaining Contractual Life (Years)	3 years 6 months
June 3, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding	50,000
Number Exercisable	50,000
Remaining Contractual Life (Years)	2 years 2 months 5 days
Exercise Price | $ / shares	$ 1.16
September 3, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding	150,000
Number Exercisable	150,000
Remaining Contractual Life (Years)	2 years 5 months 5 days
Exercise Price | $ / shares	$ 1.59
September 18, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding	300,000
Number Exercisable	300,000
Remaining Contractual Life (Years)	2 years 5 months 19 days
Exercise Price | $ / shares	$ 1.26
September 8, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding	570,000
Number Exercisable	476,667
Remaining Contractual Life (Years)	4 years 5 months 8 days
Exercise Price | $ / shares	$ 0.58

Share Capital (Details Textual)

Share Capital (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Issued for Services				$ 151,428
Share-based Compensation, Total		$ 3,799	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value		$ 521,217		$ 0
President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Issued for Services	150,000
Stock Issued During Period, Value, Issued for Services	$ 151,428

Asset Retirement Obligations 43

Asset Retirement Obligations and Financial Reclamation Assurance (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Asset Retirement Obligations [Line Items]
Balance, beginning of the period	$ 978,453	$ 624,142
Changes in cash flow estimates	96,696	278,240
Balance, end of the period	$ 1,075,149	$ 978,453

Asset Retirement Obligations 44

Asset Retirement Obligations and Financial Reclamation Assurance (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation	$ 1,075,149			$ 978,453	$ 624,142
Asset Retirement Obligation, Credit Adjusted Risk Free Rate	9.20%			9.20%
Asset Retirement Obligation, Inflation Rate	2.27%			2.27%
Asset Retirement Obligation, Accretion Expense	$ 96,696	$ 0
Surety Bond [Member]
Asset Retirement Obligations [Line Items]
Guarantor Obligations, Current Carrying Value			$ 2,100,000
Bureau of Land Management [Member]
Asset Retirement Obligations [Line Items]
Security Deposit	624,142			$ 624,142
Lahontan Regional Water Quality Control Board [Member]
Asset Retirement Obligations [Line Items]
Security Deposit	1,210,889			0
Regional Board [Member]
Asset Retirement Obligations [Line Items]
Security Deposit	$ 278,240			$ 278,240

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Commitments And Contingencies [Line Items]
Advance Minimum Royalty Payments	$ 2,500	$ 10,000
Other Commitment, Total	2,000,000
Property Rent Payments [Member]
Commitments And Contingencies [Line Items]
Advance Minimum Royalty Payments	$ 75,000
Finder Fee [Member]
Commitments And Contingencies [Line Items]
Stock Issued During Period, Shares, Acquisitions	100,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Balance, beginning of the period	$ 36,053,012	$ 13,881,305
Accretion of discount on the June 2015 Loan	606,422	1,374,228
Interest payable transferred to principal balance of the June 2015 Loan	974,986	1,181,507
Fair value at inception, notes payable	0	33,497,277
Repayment of loans	0	(2,500,000)
Accretion of financing and legal fees	0	967,156
Extinguishment of the December 2014 Loan	0	(12,500,000)
Loss on extinguishment of debt	0	151,539
Balance, end of the period	$ 37,634,420	$ 36,053,012

Related Party Transactions (D47

Related Party Transactions (Details 1) - Share Purchase Warrants [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Risk-free interest rate	0.68%
Expected life of derivative liability	4 years 2 months 8 days
Expected volatility	79.45%
Dividend rate	0.00%	0.00%
Minimum [Member]
Related Party Transaction [Line Items]
Risk-free interest rate		0.73%
Expected life of derivative liability		4 years 5 months 8 days
Expected volatility		72.29%
Maximum [Member]
Related Party Transaction [Line Items]
Risk-free interest rate		1.02%
Expected life of derivative liability		5 years
Expected volatility		76.11%

Related Party Transactions (D48

Related Party Transactions (Details 2) - Share Purchase Warrants [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Balance, beginning of the period	$ 2,498,269	$ 0
Fair value at inception	0	4,002,723
Change in fair value	6,924,957	(1,504,454)
Balance, end of the period	$ 9,423,226	$ 2,498,269

Related Party Transactions (D49

Related Party Transactions (Details 3) - USD ($)		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Accretion of the June 2015 Loan discount		$ 606,422	$ 0
Interest expense related to the June 2015 Loan		994,037	0
Interest expense related to Komatsu Financial loans	[1]	166,335	13,411
Interest expense related to the convertible debentures		0	40,285
Amortization of the convertible debentures		0	747,870
Interest expense related to the December 2014 Loan		0	311,644
Accretion of debt discount on the convertible debentures		0	0
Interest on Gauss advance		0	0
Accretion of the December 2014 Loan financing fees		0	536,729
Accretion of discount and interest on loan and convertible debentures		$ 1,766,794	$ 1,649,939
[1]	Komatsu is not a related party and has only been included in the above table to reconcile the total interest expense incurred for the period to the amounts capitalized and expensed.

Related Party Transactions (D50

Related Party Transactions (Details 4) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Accretion of discounts and interest on loan, advance and convertible debenture	$ 1,766,794	$ 1,649,939
Less: Interest costs capitalized	(1,005,223)	(702,186)
Interest expense	$ 761,571	$ 947,753

Related Party Transactions (D51

Related Party Transactions (Details 5) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Assets, GQM LLC	$ 156,991,083	$ 158,209,916
Liabilities, GQM LLC	(22,081,711)	(22,591,211)
Net assets, GQM LLC	$ 134,909,372	$ 135,618,705

Related Party Transactions (D52

Related Party Transactions (Details 6) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Subsidiaries [Member]
Related Party Transaction [Line Items]
Net and comprehensive loss	$ (709,333)	$ (573,413)
Non-controlling interest percentage	50.00%	50.00%
Gauss LLC [Member]
Related Party Transaction [Line Items]
Net and comprehensive loss	$ (354,666)	$ (286,706)
Permanent Non-controlling Interest [Member] | Gauss LLC [Member]
Related Party Transaction [Line Items]
Net and comprehensive loss	(212,800)	(172,024)	$ (1,064,857)
Temporary Non-controlling Interest [Member] | Gauss LLC [Member]
Related Party Transaction [Line Items]
Net and comprehensive loss	$ (141,866)	$ (114,682)	$ (709,904)

Related Party Transactions (D53

Related Party Transactions (Details 7) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Carrying value of non-controlling interest	$ 40,685,611
Capital contribution			$ 7,500,000
Carrying value of non-controlling interest	40,472,811		40,685,611
Gauss LLC [Member]
Related Party Transaction [Line Items]
Net and comprehensive loss for the period	(354,666)	$ (286,706)
Gauss LLC [Member] | Permanent Non-controlling Interest [Member]
Related Party Transaction [Line Items]
Carrying value of non-controlling interest	40,685,611	34,250,468	34,250,468
Capital contribution			7,500,000
Net and comprehensive loss for the period	(212,800)	(172,024)	(1,064,857)
Carrying value of non-controlling interest	40,472,811		40,685,611
Gauss LLC [Member] | Temporary Non-controlling Interest [Member]
Related Party Transaction [Line Items]
Carrying value of non-controlling interest	27,123,741	22,833,645	22,833,645
Capital contribution			5,000,000
Net and comprehensive loss for the period	(141,866)	$ (114,682)	(709,904)
Carrying value of non-controlling interest	$ 26,981,875		$ 27,123,741

Related Party Transactions (D54

Related Party Transactions (Details Textual) - USD ($)	Jun. 08, 2015	Jan. 05, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Jan. 02, 2014
Related Party Transaction [Line Items]
Consulting Fees				$ 151,428
Noninterest Expense Directors Fees			$ 28,535	$ 18,438
Legal Fees					$ 118,695
Debt Instrument, Maturity Date	Dec. 8, 2016
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	10,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.95
Derivative Liability			106,298			$ 0
Warrant Expiration Date	Jun. 8, 2020
Interest Payable, Current			988,696			969,645
January 2014 Loan [Member]
Related Party Transaction [Line Items]
Additional Charge Percentage							5.00%
Additional Charge Paid		$ 125,000			375,000
Repayments of Lines of Credit		2,500,000			7,500,000
Interest Paid, Total		125,000			375,000
December 2014 Loan [Member]
Related Party Transaction [Line Items]
Legal Fees					90,916
Debt Issuance Cost					1,000,000
Payments of Debt Issuance Costs		$ 250,000			$ 750,000
June 2015 Loan [Member]
Related Party Transaction [Line Items]
Legal Fees	$ 46,408
Debt Issuance Cost	$ 1,500,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	10,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.95
Warrant Expiration Date	Jun. 8, 2020
Mr. H. Lutz Klingmann [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues				150,000
Thomas M. Clay [Member] | January 2014 Loan [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							5.00%
Common Stock, Shares Subscribed but Unissued							7,500,000
Minimum [Member] | June 2015 Loan [Member]
Related Party Transaction [Line Items]
Notes and Loans Payable, Total	$ 12,500,000
Maximum [Member] | June 2015 Loan [Member]
Related Party Transaction [Line Items]
Notes and Loans Payable, Total	$ 37,500,000
President [Member] | Mr. H. Lutz Klingmann [Member]
Related Party Transaction [Line Items]
Payments for Fees				$ 188,934
Director [Member] | Thomas M. Clay [Member] | January 2014 Loan [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							5.00%
Notes and Loans Payable, Total							$ 10,000,000
Director [Member] | Thomas M. Clay [Member] | December 2014 Loan [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					10.00%
Debt Instrument, Maturity Date					Jul. 1, 2015
Short-term Debt					$ 12,500,000
Joint Venture Transaction [Member] | Cash [Member]
Related Party Transaction [Line Items]
Restricted Cash and Cash Equivalents			21,319,945			31,531,853
Share Purchase Warants [Member]
Related Party Transaction [Line Items]
Derivative Liability			$ 9,423,226			$ 2,498,269
GQM LLC [Member] | December 2014 Loan [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage					50.00%
GQM LLC [Member] | Joint Venture Transaction [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			100.00%
Gauss Holdings LLC [Member] | Joint Venture Transaction [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			50.00%

Derivatives used as Hedging I55

Derivatives used as Hedging Instruments (Details)	Mar. 31, 2016$ / oz
Gold zero cost collars:
Floor amount (ounces)	7,000
Average floor price	1,100
Ceiling amount (ounces)	7,000
Average ceiling price	1,320

Derivatives used as Hedging I56

Derivatives used as Hedging Instruments (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)$ / oz	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Derivative [Line Items]
Derivative, Average Floor Price | $ / oz	1,100
Derivative, Average Cap Price | $ / oz	1,320
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | $	$ 106,268	$ 0
Derivative Liability | $	$ 106,298		$ 0

Supplementary Disclosures of 57

Supplementary Disclosures of Cash Flow Information (Details) - Mining Properties and Mineral Rights [Member] - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash paid during year for:
Interest	$ 144,284	$ 260,498
Non-cash financing and investing activities:
Common shares issued as part of a management agreement	0	151,428
Change is cash flow estimates related to asset retirement obligations charged to mineral property interests	96,696	0
Mobile equipment acquired through issuance of debt	295,125	2,865,983
Property, plant, equipment and mineral interests expenditures included in accounts payable	2,311,472	5,521,461
Inventory expenditures included in accounts payable	867,505	0
Non-cash interest cost capitalized to mineral property interests	838,888	702,186
Non-cash amortization of discount and interest expense	606,422	934,342
Interest payable converted to principal balance on notes payable	$ 974,986	$ 0

Financial Instruments (Details)

Financial Instruments (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	$ 9,529,494
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	9,529,494
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Derivative Liability [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	106,268
Derivative Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	106,268
Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0
Share Purchase Warrants [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	9,423,226	$ 2,498,269
Share Purchase Warrants [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	0	0
Share Purchase Warrants [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	9,423,226	2,498,269
Share Purchase Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	$ 0	$ 0

Financial Instruments (Details

Financial Instruments (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2016CAD	Dec. 31, 2015USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	$ 26,658,270		$ 37,587,311
Financial Instruments Disclosure 6	1.00%
Federal Deposit Insurance Corporation [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash, FDIC Insured Amount	$ 250,000
Canada Deposit Insurance Corporation [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits, Total | CAD		CAD 100,000

Loss Per Share (Details)

Loss Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net income (loss) - numerator for basic EPS	$ (8,925,777)	$ (1,436,187)
Denominator:
Denominator for basic and diluted EPS (in shares)	99,893,341	99,785,350
Effect of dilutive securities:
Basic loss per share (in dollars per share)	$ (0.09)	$ (0.01)

Loss Per Share (Details Textual

Loss Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		0
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,070,000	750,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,000,000

Loan Payable (Details)

Loan Payable (Details) - Mining Equipment [Member] - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Balance, beginning of period	$ 18,372,823	$ 913,132
Additions	352,438	23,155,510
Down payments, taxes and principal repayments	(1,287,573)	(5,695,819)
Balance, end of period	$ 17,437,688	$ 18,372,823

Loan Payable (Details 1)

Loan Payable (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Short-term portion	$ 5,057,912	$ 4,942,716
Long-term portion	12,379,776	13,430,107
Komatsu financing agreements [Member] | Loans Payable [Member]
Total acquisition costs	$ 24,614,468	$ 24,262,031
Average remaining life (Years)	3 years 2 months 23 days	3 years 5 months 16 days
Short-term portion	$ 5,057,912	$ 4,942,716
Long-term portion	$ 12,379,776	$ 13,430,107
Komatsu Mobile Mining Equipment [Member] | Loans Payable [Member] | Minimum [Member]
Interest rates	0.00%	0.00%
Monthly payments	$ 4,669	$ 4,669
Komatsu Mobile Mining Equipment [Member] | Loans Payable [Member] | Maximum [Member]
Interest rates	4.40%	4.40%
Monthly payments	$ 33,906	$ 33,906

Loan Payable (Details 2)

Loan Payable (Details 2) - Loans Payable [Member]	Mar. 31, 2016USD ($)
2,016	$ 3,776,086
2,017	5,198,262
2,018	5,323,624
2,019	3,133,086
2,020	6,630
Total	$ 17,437,688

Loan Payable (Details Textual)

Loan Payable (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)
Komatsu Mobile Mining Equipment [Member]
Debt Instrument [Line Items]
Payments to Acquire Productive Assets, Total	$ 57,313	$ 574,600
Number Of Equipments Acquired	1	4
Percentage Of Pretax Purchase Price	10.00%
Komatsu Mobile Mining Equipment [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	4 years
Mining Drill Loan [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	3 years

Subsequent Events (Details Text

Subsequent Events (Details Textual)	1 Months Ended
	Apr. 30, 2016USD ($)
June 2015 Loan [Member]
Debt Instrument, Increase (Decrease), Net, Total	$ 988,696

Prior Periods Financial Resta67

Prior Periods Financial Restatements (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Liabilities:
Deferred tax liability			$ 12,922,000
Total liabilities	$ 83,219,277	$ 75,052,894	44,280,690
Shareholders’ Equity:
Additional paid-in capital	43,631,310	43,627,511	43,468,510
Total shareholders’ equity attributable to GQM Ltd.	17,659,955	26,581,933	30,447,950
Total shareholders’ equity	$ 58,132,766	$ 67,267,544	64,526,394	$ 65,983,177
Scenario, Previously Reported [Member]
Liabilities:
Deferred tax liability			0
Total liabilities			31,358,690
Shareholders’ Equity:
Additional paid-in capital			56,390,510
Total shareholders’ equity attributable to GQM Ltd.			43,369,950
Total shareholders’ equity			$ 77,448,394