Golden Queen Mining Consolidated (GQMNF) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 09, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
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		111,048,683

Condensed Consolidated Interim

Condensed Consolidated Interim Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 18,666,119	$ 37,587,311
Receivables	26,660	23,962
Inventory (Note 2)	8,520,112	1,935,599
Prepaid expenses and other current assets	277,918	432,353
Total current assets	27,490,809	39,979,225
Property, plant, equipment and mineral interests (Note 3)	136,024,353	128,562,572
Reclamation financial assurance deposit (Note 5)	0	902,382
Total Assets	163,515,162	169,444,179
Current liabilities:
Accounts payable and accrued liabilities (Note 7(i))	3,024,231	3,258,692
Interest payable (Note 7(ii))	1,013,346	969,645
Notes payable (Note 7(ii))	39,248,747	36,053,012
Current portion of loan payable (Note 12)	4,811,477	4,942,716
Derivative liability - Warrants (Note 7(iii))	8,072,628	2,498,269
Derivative liability- Hedging instruments (Note 8)	321,634	0
Total current liabilities	56,492,063	47,722,334
Asset retirement obligations (Note 5)	1,171,845	978,453
Loan payable (Note 12)	11,378,969	13,430,107
Deferred tax liability	12,922,000	12,922,000
Total liabilities	81,964,877	75,052,894
Temporary Equity
Redeemable portion of non-controlling interest (Note 7(v))	26,398,125	27,123,741
Shareholders' Equity
Common shares, no par value, unlimited shares authorized (2015 -unlimited); 99,928,683 (2015 - 99,928,683) shares issued and outstanding (Note 4)	62,860,443	62,860,443
Additional paid-in capital	43,635,109	43,627,511
Deficit accumulated	(90,940,578)	(79,906,021)
Total shareholders’ equity attributable to GQM Ltd.	15,554,974	26,581,933
Non-controlling interest (Note 7(v))	39,597,186	40,685,611
Total Shareholders’ Equity	55,152,160	67,267,544
Total Liabilities, Temporary Equity and Shareholders’ Equity	$ 163,515,162	$ 169,444,179

Condensed Consolidated Interim3

Condensed Consolidated Interim Balance Sheets (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 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	99,928,683
Common Stock, Shares, Outstanding	99,928,683	99,928,683

Condensed Consolidated Interim4

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue	$ 3,464,093	$ 0	$ 3,464,093	$ 0
Costs and expenses
Direct mining costs	(3,563,009)	0	(3,563,009)	0
Depreciation and depletion	(1,843,192)	0	(1,843,192)	0
Accretion (Note 5)	(22,529)	0	(22,529)	0
General and administrative expenses (Notes 7(i))	(989,229)	(1,991,215)	(2,516,405)	(2,730,747)
Gain (loss) on derivative instruments (Notes 7(iii) and 8)	1,135,233	2,568,849	(5,895,993)	2,467,100
Total costs and expenses	(5,282,726)	577,634	(13,841,128)	(263,647)
Other income (expenses)
Interest expense (Notes 7(ii) and 7(iv))	(1,792,894)	(1,070,111)	(2,554,465)	(2,017,864)
Interest income	43,373	52,383	82,902	118,525
Loss on extinguishment of debt (Note 7(iii))	0	(151,539)	0	(151,539)
Closing fee (Note 7(ii))	0	(1,500,000)	0	(1,500,000)
Total other income (expenses)	(1,749,521)	(2,669,267)	(2,471,563)	(3,550,878)
Net and comprehensive income (loss) for the period	(3,568,154)	(2,091,633)	(12,848,598)	(3,814,525)
Net loss and comprehensive loss	1,459,373	712,368	1,814,041	999,074
Net and comprehensive income (loss) attributable to Golden Queen Mining Co Ltd. for the period	$ (2,108,781)	$ (1,379,265)	$ (11,034,557)	$ (2,815,451)
Earnings (Loss) per share - basic (Note 11)	$ (0.02)	$ (0.01)	$ (0.11)	$ (0.03)
Earnings (Loss) per share - diluted (Note 11)	$ (0.02)	$ (0.01)	$ (0.11)	$ (0.03)
Weighted average number of common shares outstanding - diluted (in shares)	99,928,683	99,928,683	99,928,683	99,857,412
Weighted average number of common shares outstanding -basic (in shares)	99,928,683	99,928,683	99,928,683	99,857,412

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 (Note 6) (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	7,598	$ 0	7,598	0	7,598	0	0
Net loss for the period	(12,122,982)	0	0	(11,034,557)	(11,034,557)	(1,088,425)	(725,616)
Balance at Jun. 30, 2016	$ 55,152,160	$ 62,860,443	$ 43,635,109	$ (90,940,578)	$ 15,554,974	$ 39,597,186	$ 26,398,125
Balance (in shares) at Jun. 30, 2016		99,928,683

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities:
Net loss for the period	$ (12,848,598)	$ (3,814,525)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and depletion	1,849,930	15,027
Amortization of debt discount and interest accrual	2,400,548	1,973,307
Accretion expense	22,529	0
Change in fair value of derivative liabilities including change in foreign exchange	5,895,993	(2,467,100)
Stock-based compensation	7,598	0
Loss on extinguishment of debt	0	151,539
Non-cash consulting expense (Note 7(i))	0	151,428
Closing fee related to long-term debt	0	1,500,000
Foreign exchange gain	0	(497,411)
Changes in assets and liabilities:
Receivables	(2,698)	20,407
Prepaid expenses and other current assets	154,435	(1,029,096)
Inventory	(6,285,195)	0
Accounts payable and accrued liabilities	1,748,796	597,434
Interest payable	0	(797,945)
Cash used in operating activities	(7,056,662)	(4,196,935)
Investment activities:
Additions to property, plant, equipment and mineral interests	(10,289,409)	(34,035,828)
Release (purchase) of reclamation financial assurance deposit	902,382	(349,053)
Cash used in investing activities	(9,387,027)	(34,384,881)
Financing activities:
Repayment of loans payable	(2,477,503)	(353,881)
Investment in Golden Queen Mining Company LLC by non-controlling interest	0	12,500,000
Borrowing under long-term debt	0	25,000,000
Repayment of short-term debt	0	(2,500,000)
Financing fees related to short-term debt	0	(1,500,000)
Financing fees related to short-term debt capitalized to the loan	0	(250,000)
Cash provided by financing activities	(2,477,503)	32,896,119
Net change in cash	(18,921,192)	(5,685,697)
Cash, Beginning balance	37,587,311	91,407,644
Cash, Ending balance	$ 18,666,119	$ 85,721,947

Business Description and Accoun

Business Description and Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Business Description and Accounting Policies [Text Block]	Nature of Business 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% of GQM LLC. In February 2015, the Company incorporated Golden Queen Mining Canada Ltd. (“GQM Canada”), a wholly-owned British Columbia subsidiary, to hold the Company’s interest in GQM Holdings. Basis of Preparation 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 June 30, 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. Judgements and Estimates Principles of 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% interest, through GQM Holdings. GQM LLC meets the definition of a Variable Interest Entity (“VIE”). Golden Queen has determined it is the member of the related party group that is most closely associated with GQM LLC and, as a result, is the primary beneficiary who consolidates GQM LLC. Recent Accounting Standards (i) Effective August 2014, FASB issued 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 became effective for periods beginning after December 15, 2015, for public companies. Early adoption was 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. (v) In May 2014, ASU 2014-09 was issued related to revenue from contracts with customers. The ASU was further amended in August 2015, March 2016, April 2016, and May 2016 by ASU 2015-14, 2016-08, 2016-10 and 2016-12. The new standard provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. In August 2015, the effective date was deferred to reporting periods, including interim periods, beginning after December 31, 2017, and will be applied retrospectively. Early adoption is not permitted. The Company is currently evaluating this guidance and the impact it will have on the consolidated financial statements and disclosures.

Ability to Continue as a Going

Ability to Continue as a Going Concern	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	1. Ability to Continue as a Going Concern The Company entered the production phase and began generating revenues from operations during the three months ended June 30, 2016. The Company had an accumulated deficit of $ 90,940,578 29,001,254 7,056,662 Golden Queen, on a non-consolidated basis, currently does not have sufficient funds to repay the $ 37,500,000 C$ 16 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	6 Months Ended
	Jun. 30, 2016
Inventory, Net [Abstract]
Inventory Disclosure [Text Block]	2. Inventory June 30, 2016 December 31, 2015 Stockpile inventory $ 1,973,546 $ 1,259,669 Dore inventory 725,634 - Ore on heap leach pad and in Merrill Crowe plant 4,563,892 83,240 Supplies and spare parts 1,257,040 592,690 $ 8,520,112 $ 1,935,599

Property, Plant, Equipment and

Property, Plant, Equipment and Mineral Interests	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	3. Property, Plant, Equipment and Mineral Interests June 30, 2016 December 31, 2015 Land 3,892,583 $ 3,895,681 Mineral property interest and claims 2,901,509 2,319,309 Mine development 41,508,336 82,911,481 Mine equipment 55,868,747 27,488,254 Buildings 17,366,740 4,117,901 Computer equipment and software 327,483 300,706 Vehicles 2,062,292 1,908,334 Infrastructure (Water/power) 11,038,426 1,669,585 Asset retirement costs 797,742 626,878 Capitalized interest 6,180,069 5,174,846 Less: Accumulated depreciation and depletion (5,919,574) (1,850,403) 136,024,353 $ 128,562,572 As at June 30, 2016, the Company had capitalized depreciation of $ 3,559,886 1,850,403 The Company capitalized a portion of the interest expense related to the convertible debenture and notes payable in accordance with its accounting policy. As the Company entered the production phase during the three months ended June 30, 2016, interest was no longer being capitalized. See Note 7 (iv) –Amortization of Discounts and Interest Expense.

Share Capital

Share Capital	6 Months Ended
	Jun. 30, 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 – 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. The following is a summary of stock option activity during the six months ended June 30, 2016 and the year ended December 31, 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, June 30, 2016 1,070,000 $ 0.94 Options exercisable, June 30, 2016 976,667 $ 0.97 There were 50,000 During the three and six months ended June 30, 2016, the Company recognized $ 3,799 7,598 As at June 30, 2016, the aggregate intrinsic value of the outstanding exercisable options was $ 386,400 Expiry Number Number Remaining Exercise June 3, 2018 50,000 50,000 1.93 $ 1.16 September 3, 2018 150,000 150,000 2.18 $ 1.59 September 18, 2018 300,000 300,000 2.22 $ 1.26 September 8, 2020 570,000 476,667 4.19 $ 0.58 Balance, June 30, 2016 1,070,000 976,667 3.25

Asset Retirement Obligations an

Asset Retirement Obligations and Financial Reclamation Assurance	6 Months Ended
	Jun. 30, 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 June 30, 2016 was $ 624,142 624,142 1,460,496 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 June 30, 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 June 30, 2016 is $ 278,240 278,240 In January 2016, the Company entered into $ 2.1 The total asset retirement obligation as of June 30, 2016 is $ 1,171,845 978,453 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 and six months ended June 30, 2016, there was an increase of $ 96,696 193,392 278,240 278,240 $ 74,167 170,863 278,240 278,240 $ 22,529 9.20 9.20 2.27 2.27 June 30, 2016 December 31, 2015 Balance, beginning of the period $ 978,453 $ 624,142 Accretion 45,058 - Changes in cash flow estimates 148,334 278,240 Balance, end of the period $ 1,171,845 $ 978,453

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	6. Commitments and Contingencies Property rent payments and Production 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 and six months ended June 30, 2016 were $ 167 10,167 50,167 60,167 30,000 Production royalty payments commenced during the first quarter of 2016. The Company has paid $ 40,000 41,802 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. See Note 12 for further details on the mining equipment loans.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2015, the Company paid $Nil and $ 188,934 151,428 150,000 During the three and six months ended June 30, 2016, the Company paid a total of $ 27,703 56,238 18,414 36,852 (ii) Notes Payable On January 1, 2014, the Company entered into an agreement to secure a $ 10,000,000 7,500,000 provided by an investment vehicle managed by Thomas M. Clay, a Director and insider of the Company . The January 2014 Loan had a twelve-month term and an annual interest rate of 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 June 30, 2016 December 31, 2015 Balance, beginning of the period $ 36,053,012 $ 13,881,305 Accretion of discount on the June 2015 Loan 1,232,053 1,374,228 Interest payable transferred to principal balance of the June 2015 Loan 1,963,682 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 $ 39,248,747 $ 36,053,012 Interest payable relating to the June 2015 Loan as at June 30, 2016 was $ 1,013,346 969,645 Subsequent to June 30, 2016, the $ 1,013,346 (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 June 30, 2016 is $ 8,072,628 2,498,269 2016 2015 Risk-free interest rate 0.57% 0.73% Expected life of derivative liability 3.94 years 4.44 years Expected volatility 81.79% 76.11% Dividend rate 0.00% 0.00% June 30, 2016 December 31, 2015 Balance, beginning of the period $ 2,498,269 $ - Fair value at inception - 4,002,723 Change in fair value 5,574,359 (1,504,454) Balance, end of the period $ 8,072,628 $ 2,498,269 Amortization of Discounts and Interest Expense Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Accretion of the June 2015 Loan discount $ 625,631 $ 143,069 $ 1,232,053 $ 143,069 Interest expense related to the June 2015 Loan 1,013,346 229,167 2,007,383 229,167 *Interest expense related to Komatsu Financial loans 153,917 31,148 320,252 44,558 Interest expense related to the convertible debentures - 40,301 - 80,586 Amortization of the convertible debentures - 842,681 - 1,590,551 Interest expense related to the December 2014 Loan - 236,301 - 547,945 Accretion of the December 2014 Loan financing fees - 430,427 - 967,155 Accretion of discount and interest on loan and convertible debentures $ 1,792,894 $ 1,953,094 $ 3,559,688 $ 3,603,031 Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Accretion of discounts and interest on loan, advance and convertible debenture $ 1,792,894 $ 1,953,094 $ 3,559,688 $ 3,603,031 Less: **Interest costs capitalized - (882,983) (1,005,223) (1,585,167) Interest expense $ 1,792,894 $ 1,070,111 $ 2,554,465 $ 2,017,864 *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 June 30, 2016 December 31, 2015 Assets, GQM LLC $ 152,641,089 $ 158,209,916 Liabilities, GQM LLC (20,650,466) (22,591,211) Net assets, GQM LLC $ 131,990,623 $ 135,618,705 Included in the assets above, is $ 13,875,539 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 Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Net loss and comprehensive loss in GQM LLC $ (2,918,749) $ (1,424,736) $ (3,628,082) $ (1,998,148) Non-controlling interest percentage 50 % 50 % 50 % 50 % Net loss and comprehensive loss attributable to non-controlling interest (1,459,375) (712,368) (1,814,041) (999,074) Net loss and comprehensive loss attributable to permanent non-controlling interest (875,625) (427,419) (1,088,425) (599,443) Net loss and comprehensive loss attributable to temporary non-controlling interest (583,750) (284,949) (725,616) (399,631) (v) Joint Venture Transaction Permanent Non- Temporary Non- Controlling Interest Controlling Interest 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 year (1,064,857) (709,904) Carrying value of non-controlling interest, $ 40,685,611 $ 27,123,741 Permanent Non- Temporary Non- Controlling Interest Controlling Interest Carrying value of non-controlling interest, December 31, 2015 $ 40,685,611 $ 27,123,741 Net loss and comprehensive loss for the period (1,088,425) (725,616) Carrying value of non-controlling interest, $ 39,597,186 $ 26,398,125

Derivatives used as Hedging Ins

Derivatives used as Hedging Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. Derivatives used as Hedging Instruments During the six months ended June 30, 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 and six months ended June 30, 2016, the Company recorded an unrealized derivative loss of $ 215,365 321,634 2016 Gold zero cost collars: Floor amount (ounces) 6,000 Average floor price $ 1,100 Ceiling amount (ounces) 6,000 Average ceiling price $ 1,320 The unrealized fair value of these contracts at June 30, 2016 was a liability of $ 321,634

Supplementary Disclosures of Ca

Supplementary Disclosures of Cash Flow Information	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	9. Supplementary Disclosures of Cash Flow Information Six Months Six Months June 30, 2016 June 30, 2015 Cash paid during period for: Interest $ 323,238 $ 589,553 Non-cash financing and investing activities: Common shares issued as part of a management agreement $ - $ 151,428 Change in cash flow estimates related to asset retirement obligations charged to mineral property interests $ 170,863 $ - Mobile equipment acquired through issuance of debt $ 295,126 $ 4,377,970 Property, plant, equipment and mineral interest expenditures included in accounts payable $ 708,054 $ 7,658,456 Non-cash interest cost capitalized to mineral property interests $ 838,888 $ 1,585,167 Non-cash amortization of discount and interest expense $ 1,232,053 $ 1,973,307 Interest payable converted to principal balance on notes $ 1,963,682 $ -

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 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). June 30, 2016 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iii)) $ 8,072,628 $ - $ 8,072,628 $ - Derivatives – Hedging instruments (Note 8) 321,634 - 321,634 - $ 8,394,262 $ - $ 8,394,262 $ - December 31, 2015 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iii)) $ 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.

Loss Per Share

Loss Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. Loss Per Share Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Numerator: Net income (loss) attributable to the shareholders of the Company– numerator for basic and diluted EPS $ (2,108,781) $ (1,379,265) $ (11,034,557) $ (2,815,451) Denominator: Denominator for basic EPS 99,928,683 99,928,683 99,928,683 99,857,412 Basic and diluted loss per share $ (0.02) $ (0.01) $ (0.11) $ (0.03) For the three and six months ended June 30, 2016, 1,070,000 700,000 10,000,000 10,000,000 For the three and six months ended June 30, 2015 the convertible debentures were not included above as their impact would be anti-dilutive.

Loan Payable

Loan Payable	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	12. Loan Payable During the six months ended June 30, 2016, the Company acquired mobile mining equipment from Komatsu through financing agreements. June 30, 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 (2,534,815) (5,695,819) Balance, end of period $ 16,190,446 $ 18,372,823 June 30, 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 $ 467,248 $ 461,248 Average remaining life (Years) 2.98 3.46 Short-term portion 4,811,477 4,942,716 Long-term portion $ 11,378,968 $ 13,430,107 For the three and six months ended June 30, 2016, the Company made total down payments of $nil and $ 57,313 344,870 919,470 10 The following table outlines the principal payments to be made for each of the remaining years: Year Principal Payments 2016 $ 2,528,844 2017 $ 5,198,262 2018 $ 5,323,624 2019 $ 3,133,086 2020 $ 6,630 Total $ 16,190,446

Comparative Figures

Comparative Figures	6 Months Ended
	Jun. 30, 2016
Restatement of Prior Year Income [Abstract]
Restatement Of Prior Year Income [Text Block]	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 16 for restatement of certain 2015 balances.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	14. Subsequent Events On July 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 July1st, 2016 to the principal balance of the June 2015 loan. The principal balance of the loan was accordingly increased by $ 1,013,346 The Company completed a bought deal equity financing for gross proceeds of C$ 16.1 11,120,000 6,317,700 one 2.00 3 July 25, 2019

Prior Periods Financial Restate

Prior Periods Financial Restatements	6 Months Ended
	Jun. 30, 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(v)). The impact of the error on the financial statements as at June 30, 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. June 30, 2015 As Previously As Restated Liabilities: Deferred tax liability $ - $ 12,922,000 Total liabilities $ 59,791,117 $ 72,713,117 Shareholders’ Equity: Additional paid-in capital $ 56,390,510 $ 43,468,510 Total shareholders’ equity attributable to GQM Ltd. $ 41,990,686 $ 29,068,686 Total shareholders’ equity $ 83,141,709 $ 70,219,709

Business Description and Acco23

Business Description and Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Nature of Business [Policy Text Block]	Nature of Business 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% of GQM LLC. In February 2015, the Company incorporated Golden Queen Mining Canada Ltd. (“GQM Canada”), a wholly-owned British Columbia subsidiary, to hold the Company’s interest in GQM Holdings.
Basis of Accounting, Policy [Policy Text Block]	Basis of Preparation 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 June 30, 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
Consolidation, Policy [Policy Text Block]	Principles of 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 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 became effective for periods beginning after December 15, 2015, for public companies. Early adoption was 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. (v) In May 2014, ASU 2014-09 was issued related to revenue from contracts with customers. The ASU was further amended in August 2015, March 2016, April 2016, and May 2016 by ASU 2015-14, 2016-08, 2016-10 and 2016-12. The new standard provides a five-step approach to be applied to all contracts with customers and also requires expanded disclosures about revenue recognition. In August 2015, the effective date was deferred to reporting periods, including interim periods, beginning after December 31, 2017, and will be applied retrospectively. Early adoption is not permitted. The Company is currently evaluating this guidance and the impact it will have on the consolidated financial statements and disclosures.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory, Net [Abstract]
Schedule of Inventory, Current [Table Text Block]	June 30, 2016 December 31, 2015 Stockpile inventory $ 1,973,546 $ 1,259,669 Dore inventory 725,634 - Ore on heap leach pad and in Merrill Crowe plant 4,563,892 83,240 Supplies and spare parts 1,257,040 592,690 $ 8,520,112 $ 1,935,599

Property, Plant, Equipment an25

Property, Plant, Equipment and Mineral Interests (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	June 30, 2016 December 31, 2015 Land 3,892,583 $ 3,895,681 Mineral property interest and claims 2,901,509 2,319,309 Mine development 41,508,336 82,911,481 Mine equipment 55,868,747 27,488,254 Buildings 17,366,740 4,117,901 Computer equipment and software 327,483 300,706 Vehicles 2,062,292 1,908,334 Infrastructure (Water/power) 11,038,426 1,669,585 Asset retirement costs 797,742 626,878 Capitalized interest 6,180,069 5,174,846 Less: Accumulated depreciation and depletion (5,919,574) (1,850,403) 136,024,353 $ 128,562,572

Share Capital (Tables)

Share Capital (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2016 and the year ended December 31, 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, June 30, 2016 1,070,000 $ 0.94 Options exercisable, June 30, 2016 976,667 $ 0.97
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Expiry Number Number Remaining Exercise June 3, 2018 50,000 50,000 1.93 $ 1.16 September 3, 2018 150,000 150,000 2.18 $ 1.59 September 18, 2018 300,000 300,000 2.22 $ 1.26 September 8, 2020 570,000 476,667 4.19 $ 0.58 Balance, June 30, 2016 1,070,000 976,667 3.25

Asset Retirement Obligations 27

Asset Retirement Obligations and Financial Reclamation Assurance (Tables)	6 Months Ended
	Jun. 30, 2016
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation [Table Text Block]	The following is a summary of asset retirement obligations: June 30, 2016 December 31, 2015 Balance, beginning of the period $ 978,453 $ 624,142 Accretion 45,058 - Changes in cash flow estimates 148,334 278,240 Balance, end of the period $ 1,171,845 $ 978,453

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transaction [Line Items]
Schedule of Debt [Table Text Block]	As such, as of June 30, 2016, no accrual has been made for the potential costs related to the registration rights. June 30, 2016 December 31, 2015 Balance, beginning of the period $ 36,053,012 $ 13,881,305 Accretion of discount on the June 2015 Loan 1,232,053 1,374,228 Interest payable transferred to principal balance of the June 2015 Loan 1,963,682 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 $ 39,248,747 $ 36,053,012
Schedule Of Amortization Of Discounts And Interest On Loans And Convertible Debentures [Table Text Block]	Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Accretion of the June 2015 Loan discount $ 625,631 $ 143,069 $ 1,232,053 $ 143,069 Interest expense related to the June 2015 Loan 1,013,346 229,167 2,007,383 229,167 *Interest expense related to Komatsu Financial loans 153,917 31,148 320,252 44,558 Interest expense related to the convertible debentures - 40,301 - 80,586 Amortization of the convertible debentures - 842,681 - 1,590,551 Interest expense related to the December 2014 Loan - 236,301 - 547,945 Accretion of the December 2014 Loan financing fees - 430,427 - 967,155 Accretion of discount and interest on loan and convertible debentures $ 1,792,894 $ 1,953,094 $ 3,559,688 $ 3,603,031 *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.
Schedule Of Amortization Of Discount And Interest Expense [Table Text Block]	The Company’s loans were contracted to fund significant development costs. Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Accretion of discounts and interest on loan, advance and convertible debenture $ 1,792,894 $ 1,953,094 $ 3,559,688 $ 3,603,031 Less: **Interest costs capitalized - (882,983) (1,005,223) (1,585,167) Interest expense $ 1,792,894 $ 1,070,111 $ 2,554,465 $ 2,017,864 **Interest capitalization ended on March 31, 2016 as the mine went into production on April 1, 2016.
Schedule of Variable Interest Entities [Table Text Block]	The net assets of GQM LLC as of June 30, 2016 and December 31, 2015 are as follows: June 30, 2016 December 31, 2015 Assets, GQM LLC $ 152,641,089 $ 158,209,916 Liabilities, GQM LLC (20,650,466) (22,591,211) Net assets, GQM LLC $ 131,990,623 $ 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 Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Net loss and comprehensive loss in GQM LLC $ (2,918,749) $ (1,424,736) $ (3,628,082) $ (1,998,148) Non-controlling interest percentage 50 % 50 % 50 % 50 % Net loss and comprehensive loss attributable to non-controlling interest (1,459,375) (712,368) (1,814,041) (999,074) Net loss and comprehensive loss attributable to permanent non-controlling interest (875,625) (427,419) (1,088,425) (599,443) Net loss and comprehensive loss attributable to temporary non-controlling interest (583,750) (284,949) (725,616) (399,631)
Schedule Of Non-controlling Interest [Table Text Block]	Permanent Non- Temporary Non- Controlling Interest Controlling Interest 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 year (1,064,857) (709,904) Carrying value of non-controlling interest, $ 40,685,611 $ 27,123,741 Permanent Non- Temporary Non- Controlling Interest Controlling Interest Carrying value of non-controlling interest, December 31, 2015 $ 40,685,611 $ 27,123,741 Net loss and comprehensive loss for the period (1,088,425) (725,616) Carrying value of non-controlling interest, $ 39,597,186 $ 26,398,125
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 option pricing valuation model with the following assumptions: 2016 2015 Risk-free interest rate 0.57% 0.73% Expected life of derivative liability 3.94 years 4.44 years Expected volatility 81.79% 76.11% Dividend rate 0.00% 0.00%
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	The estimated fair value of the share purchase warrants is as follows: June 30, 2016 December 31, 2015 Balance, beginning of the period $ 2,498,269 $ - Fair value at inception - 4,002,723 Change in fair value 5,574,359 (1,504,454) Balance, end of the period $ 8,072,628 $ 2,498,269

Derivatives used as Hedging I29

Derivatives used as Hedging Instruments (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2016: 2016 Gold zero cost collars: Floor amount (ounces) 6,000 Average floor price $ 1,100 Ceiling amount (ounces) 6,000 Average ceiling price $ 1,320

Supplementary Disclosures of 30

Supplementary Disclosures of Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Six Months June 30, 2016 June 30, 2015 Cash paid during period for: Interest $ 323,238 $ 589,553 Non-cash financing and investing activities: Common shares issued as part of a management agreement $ - $ 151,428 Change in cash flow estimates related to asset retirement obligations charged to mineral property interests $ 170,863 $ - Mobile equipment acquired through issuance of debt $ 295,126 $ 4,377,970 Property, plant, equipment and mineral interest expenditures included in accounts payable $ 708,054 $ 7,658,456 Non-cash interest cost capitalized to mineral property interests $ 838,888 $ 1,585,167 Non-cash amortization of discount and interest expense $ 1,232,053 $ 1,973,307 Interest payable converted to principal balance on notes $ 1,963,682 $ -

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 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). June 30, 2016 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iii)) $ 8,072,628 $ - $ 8,072,628 $ - Derivatives – Hedging instruments (Note 8) 321,634 - 321,634 - $ 8,394,262 $ - $ 8,394,262 $ - December 31, 2015 Total Level 1 Level 2 Level 3 Liabilities: Share purchase warrants (Note 7(iii)) $ 2,498,269 $ - $ 2,498,269 $ -

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Numerator: Net income (loss) attributable to the shareholders of the Company– numerator for basic and diluted EPS $ (2,108,781) $ (1,379,265) $ (11,034,557) $ (2,815,451) Denominator: Denominator for basic EPS 99,928,683 99,928,683 99,928,683 99,857,412 Basic and diluted loss per share $ (0.02) $ (0.01) $ (0.11) $ (0.03)

Loan Payable (Tables)

Loan Payable (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule Of Loans Payable [Table Text Block]	As at June 30, 2016 and December 31, 2015, the finance agreement balances are as follows: June 30, 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 (2,534,815) (5,695,819) Balance, end of period $ 16,190,446 $ 18,372,823
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, 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 $ 467,248 $ 461,248 Average remaining life (Years) 2.98 3.46 Short-term portion 4,811,477 4,942,716 Long-term portion $ 11,378,968 $ 13,430,107
Schedule of Maturities of Long-term Debt [Table Text Block]	Year Principal Payments 2016 $ 2,528,844 2017 $ 5,198,262 2018 $ 5,323,624 2019 $ 3,133,086 2020 $ 6,630 Total $ 16,190,446

Prior Periods Financial Resta34

Prior Periods Financial Restatements (Tables)	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Impact as at June 30, 2015: June 30, 2015 As Previously As Restated Liabilities: Deferred tax liability $ - $ 12,922,000 Total liabilities $ 59,791,117 $ 72,713,117 Shareholders’ Equity: Additional paid-in capital $ 56,390,510 $ 43,468,510 Total shareholders’ equity attributable to GQM Ltd. $ 41,990,686 $ 29,068,686 Total shareholders’ equity $ 83,141,709 $ 70,219,709

Business Description and Acco35

Business Description and Accounting Policies (Details Textual)	Jun. 30, 2016	Jun. 30, 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%

Ability to Continue as a Goin36

Ability to Continue as a Going Concern (Details Textual) - USD ($)	1 Months Ended	6 Months Ended
	Jul. 31, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Working Capital		$ 29,001,254
Retained Earnings (Accumulated Deficit), Total		(90,940,578)		$ (79,906,021)
Other Loans Payable, Long-term, Noncurrent		37,500,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total		(7,056,662)	$ (4,196,935)
Short-term Debt, Refinanced, Amount		$ 0
Subsequent Event [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Proceeds from Issuance or Sale of Equity	$ 16,000,000

Inventory (Details)

Inventory (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Inventory [Line Items]
Stockpile inventory	$ 1,973,546	$ 1,259,669
Dore inventory	725,634	0
Ore on heap leach pad and in Merrill Crowe plant	4,563,892	83,240
Supplies and spare parts	1,257,040	592,690
Inventory, Net, Total	$ 8,520,112	$ 1,935,599

Property, Plant, Equipment an38

Property, Plant, Equipment and Mineral Interests (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Land	$ 3,892,583	$ 3,895,681
Mineral property interest and claims	2,901,509	2,319,309
Mine development	41,508,336	82,911,481
Mine equipment	55,868,747	27,488,254
Buildings	17,366,740	4,117,901
Computer equipment and software	327,483	300,706
Vehicles	2,062,292	1,908,334
Infrastructure (Water/power)	11,038,426	1,669,585
Asset retirement costs	797,742	626,878
Capitalized interest	6,180,069	5,174,846
Less: Accumulated depreciation and depletion	(5,919,574)	(1,850,403)
Property Plant Equipment and Mineral Properties Net	$ 136,024,353	$ 128,562,572

Property, Plant, Equipment an39

Property, Plant, Equipment and Mineral Interests (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation, Total	$ 3,559,886	$ 1,850,403

Share Capital (Details)

Share Capital (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Options outstanding	1,070,000
Shares, Options exercisable	976,667
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Options outstanding	1,070,000	750,000
Shares, Options issued		570,000
Shares, Options forfeited		(250,000)
Shares, Options outstanding	1,070,000	1,070,000
Shares, 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)	6 Months Ended
	Jun. 30, 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 3 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)	1 year 11 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 2 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 2 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 2 months 8 days
Exercise Price | $ / shares	$ 0.58

Share Capital (Details Textual)

Share Capital (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 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	$ 7,598	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value		$ 386,400		$ 386,400		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period		0	50,000	0	50,000
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 ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Asset Retirement Obligations [Line Items]
Balance, beginning of the period	$ 978,453	$ 624,142
Accretion	45,058	0
Changes in cash flow estimates	148,334	278,240
Balance, end of the period	$ 1,171,845	$ 978,453

Asset Retirement Obligations 44

Asset Retirement Obligations and Financial Reclamation Assurance (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2016	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation	$ 1,171,845		$ 1,171,845				$ 978,453	$ 624,142
Asset Retirement Obligation, Credit Adjusted Risk Free Rate	9.20%		9.20%				9.20%
Asset Retirement Obligation, Inflation Rate	2.27%		2.27%				2.27%
Accretion Expense	$ 22,529	$ 0	$ 22,529	$ 0
Accretion Expense, Including Asset Retirement Obligations	96,696	278,240	193,392	278,240
Costs Incurred, Asset Retirement Obligation Incurred	74,167		170,863
Property, Plant and Equipment [Member]
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation		278,240		278,240
Scenario, Forecast [Member]
Asset Retirement Obligations [Line Items]
Security Deposit					$ 1,460,496
Surety Bond [Member]
Asset Retirement Obligations [Line Items]
Guarantor Obligations, Current Carrying Value						$ 2,100,000
Mineral Ineterests [Member]
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation		$ 278,240		$ 278,240
Bureau of Land Management [Member]
Asset Retirement Obligations [Line Items]
Security Deposit	624,142		624,142				$ 624,142
Lahontan Regional Water Quality Control Board [Member]
Asset Retirement Obligations [Line Items]
Security Deposit	1,210,889		1,210,889				0
Regional Board [Member]
Asset Retirement Obligations [Line Items]
Security Deposit	$ 278,240		$ 278,240				$ 278,240

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Commitments And Contingencies [Line Items]
Advance Minimum Royalty Payments	$ 167	$ 50,167	$ 10,167	$ 60,167
Payments for Royalties	$ 40,000		41,802
Property Rent Payments [Member]
Commitments And Contingencies [Line Items]
Advance Minimum Royalty Payments			$ 30,000
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		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Balance, beginning of the period			$ 36,053,012	$ 13,881,305	$ 13,881,305
Accretion of discount on the June 2015 Loan			1,232,053		1,374,228
Interest payable transferred to principal balance of the June 2015 Loan			1,963,682		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	0	$ 151,539	151,539
Balance, end of the period	$ 39,248,747		$ 39,248,747		$ 36,053,012

Related Party Transactions (D47

Related Party Transactions (Details 1) - Share Purchase Warrants [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Risk-free interest rate	0.57%	0.73%
Expected life of derivative liability	3 years 11 months 8 days	4 years 5 months 8 days
Expected volatility	81.79%	76.11%
Dividend rate	0.00%	0.00%

Related Party Transactions (D48

Related Party Transactions (Details 2) - Share Purchase Warrants [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 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	5,574,359	(1,504,454)
Balance, end of the period	$ 8,072,628	$ 2,498,269

Related Party Transactions (D49

Related Party Transactions (Details 3) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transaction [Line Items]
Accretion of the June 2015 Loan discount		$ 625,631	$ 143,069	$ 1,232,053	$ 143,069
Interest expense related to the June 2015 Loan		1,013,346	229,167	2,007,383	229,167
Interest expense related to Komatsu Financial loans	[1]	153,917	31,148	320,252	44,558
Interest expense related to the convertible debentures		0	40,301	0	80,586
Amortization of the convertible debentures		0	842,681	0	1,590,551
Interest expense related to the December 2014 Loan		0	236,301	0	547,945
Accretion of the December 2014 Loan financing fees		0	430,427	0	967,155
Accretion of discount and interest on loan and convertible debentures		$ 1,792,894	$ 1,953,094	$ 3,559,688	$ 3,603,031
[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		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transaction [Line Items]
Accretion of discounts and interest on loan, advance and convertible debenture		$ 1,792,894	$ 1,953,094	$ 3,559,688	$ 3,603,031
Less: Interest costs capitalized	[1]	0	(882,983)	(1,005,223)	(1,585,167)
Interest expense		$ 1,792,894	$ 1,070,111	$ 2,554,465	$ 2,017,864
[1]	Interest capitalization ended on March 31, 2016 as the mine went into production on April 1, 2016.

Related Party Transactions (D51

Related Party Transactions (Details 5) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Assets, GQM LLC	$ 152,641,089	$ 158,209,916
Liabilities, GQM LLC	(20,650,466)	(22,591,211)
Net assets, GQM LLC	$ 131,990,623	$ 135,618,705

Related Party Transactions (D52

Related Party Transactions (Details 6) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Net loss and comprehensive loss	$ 1,459,373	$ 712,368	$ 1,814,041	$ 999,074
Subsidiaries [Member]
Related Party Transaction [Line Items]
Net loss and comprehensive loss	$ (2,918,749)	$ (1,424,736)	$ (3,628,082)	$ (1,998,148)
Non-controlling interest percentage	50.00%	50.00%	50.00%	50.00%
Gauss LLC [Member]
Related Party Transaction [Line Items]
Net loss and comprehensive loss	$ (1,459,375)	$ (712,368)	$ (1,814,041)	$ (999,074)
Permanent Non-controlling Interest [Member] | Gauss LLC [Member]
Related Party Transaction [Line Items]
Net loss and comprehensive loss	(875,625)	(427,419)	(1,088,425)	(599,443)	$ (1,064,857)
Temporary Non-controlling Interest [Member] | Gauss LLC [Member]
Related Party Transaction [Line Items]
Net loss and comprehensive loss	$ (583,750)	$ (284,949)	$ (725,616)	$ (399,631)	$ (709,904)

Related Party Transactions (D53

Related Party Transactions (Details 7) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Carrying value of non-controlling interest, Beginning Balance			$ 40,685,611
Capital contribution					$ 7,500,000
Net loss and comprehensive loss for the period	$ 1,459,373	$ 712,368	1,814,041	$ 999,074
Carrying value of non-controlling interest, Ending Balance	39,597,186		39,597,186		40,685,611
Gauss LLC [Member]
Related Party Transaction [Line Items]
Net loss and comprehensive loss for the period	(1,459,375)	(712,368)	(1,814,041)	(999,074)
Gauss LLC [Member] | Permanent Non-controlling Interest [Member]
Related Party Transaction [Line Items]
Carrying value of non-controlling interest, Beginning Balance			40,685,611	34,250,468	34,250,468
Capital contribution					7,500,000
Net loss and comprehensive loss for the period	(875,625)	(427,419)	(1,088,425)	(599,443)	(1,064,857)
Carrying value of non-controlling interest, Ending Balance	39,597,186		39,597,186		40,685,611
Gauss LLC [Member] | Temporary Non-controlling Interest [Member]
Related Party Transaction [Line Items]
Carrying value of non-controlling interest, Beginning Balance			27,123,741	22,833,645	22,833,645
Capital contribution					5,000,000
Net loss and comprehensive loss for the period	(583,750)	$ (284,949)	(725,616)	$ (399,631)	(709,904)
Carrying value of non-controlling interest, Ending Balance	$ 26,398,125		$ 26,398,125		$ 27,123,741

Related Party Transactions (D54

Related Party Transactions (Details Textual) - USD ($)	Jun. 08, 2015	Jan. 05, 2015	Jul. 31, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2015	Jan. 02, 2014
Related Party Transaction [Line Items]
Consulting Fees				$ 0		$ 0	$ 151,428
Noninterest Expense Directors Fees				27,703	$ 18,414	56,238	$ 36,852
Legal Fees								$ 118,695
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				321,634		321,634			$ 0
Warrant Expiration Date	Jun. 8, 2020
Interest Payable, Current				1,013,346		1,013,346			969,645
Subsequent Event [Member]
Related Party Transaction [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 2
Debt Instrument, Increase, Accrued Interest			$ 1,013,346
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 Instrument, Maturity Date	Dec. 8, 2016
Debt Related Commitment Fees and Debt Issuance Costs								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 Related Commitment Fees and Debt Issuance Costs	$ 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					$ 0		$ 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				13,875,539		13,875,539			31,531,853
Share Purchase Warants [Member]
Related Party Transaction [Line Items]
Derivative Liability				$ 8,072,628		$ 8,072,628			$ 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%		100.00%
Gauss Holdings LLC [Member] | Joint Venture Transaction [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				50.00%		50.00%

Derivatives used as Hedging I55

Derivatives used as Hedging Instruments (Details)	Jun. 30, 2016$ / Ounce-oz
Gold zero cost collars:
Floor amount (ounces)	6,000
Average floor price	1,100
Ceiling amount (ounces)	6,000
Average ceiling price	1,320

Derivatives used as Hedging I56

Derivatives used as Hedging Instruments (Details Textual)	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)$ / Ounce-oz	Jun. 30, 2016USD ($)$ / Ounce-oz	Dec. 31, 2015USD ($)
Derivative [Line Items]
Derivative, Average Floor Price | $ / Ounce-oz	1,100	1,100
Derivative, Average Cap Price | $ / Ounce-oz	1,320	1,320
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | $	$ 215,365	$ 321,634
Derivative Liability | $	$ 321,634	$ 321,634	$ 0

Supplementary Disclosures of 57

Supplementary Disclosures of Cash Flow Information (Details) - Mining Properties and Mineral Rights [Member] - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash paid during period for:
Interest	$ 323,238	$ 589,553
Non-cash financing and investing activities:
Common shares issued as part of a management agreement	0	151,428
Change in cash flow estimates related to asset retirement obligations charged to mineral property interests	170,863	0
Mobile equipment acquired through issuance of debt	295,126	4,377,970
Property, plant, equipment and mineral interest expenditures included in accounts payable	708,054	7,658,456
Non-cash interest cost capitalized to mineral property interests	838,888	1,585,167
Non-cash amortization of discount and interest expense	1,232,053	1,973,307
Interest payable converted to principal balance on notes Payable	$ 1,963,682	$ 0

Financial Instruments (Details)

Financial Instruments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities Fair Value Disclosure	$ 8,394,262
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	8,394,262
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	321,634
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	321,634
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	8,072,628	$ 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	8,072,628	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

Loss Per Share (Details)

Loss Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Net income (loss) attributable to the shareholders of the Company- numerator for basic and diluted EPS	$ (2,108,781)	$ (1,379,265)	$ (11,034,557)	$ (2,815,451)
Denominator:
Denominator for basic EPS (in shares)	99,928,683	99,928,683	99,928,683	99,857,412
Effect of dilutive securities:
Basic and diluted loss per share	$ (0.02)	$ (0.01)	$ (0.11)	$ (0.03)

Loss Per Share (Details Textual

Loss Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		10,000,000		10,000,000
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,070,000	700,000	1,070,000	700,000
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 ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Balance, beginning of period	$ 18,372,823	$ 913,132
Additions	352,438	23,155,510
Down payments, taxes and principal repayments	(2,534,815)	(5,695,819)
Balance, end of period	$ 16,190,446	$ 18,372,823

Loan Payable (Details 1)

Loan Payable (Details 1) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Short-term portion	$ 4,811,477	$ 4,942,716
Long-term portion	11,378,969	13,430,107
Komatsu financing agreements [Member] | Loans Payable [Member]
Total acquisition costs	$ 24,614,468	$ 24,262,031
Average remaining life (Years)	2 years 11 months 23 days	3 years 5 months 16 days
Short-term portion	$ 4,811,477	$ 4,942,716
Long-term portion	11,378,968	13,430,107
Komatsu Mobile Mining Equipment [Member] | Loans Payable [Member]
Monthly payments	$ 467,248	$ 461,248
Komatsu Mobile Mining Equipment [Member] | Loans Payable [Member] | Minimum [Member]
Interest rates	0.00%	0.00%
Komatsu Mobile Mining Equipment [Member] | Loans Payable [Member] | Maximum [Member]
Interest rates	4.40%	4.40%

Loan Payable (Details 2)

Loan Payable (Details 2) - Loans Payable [Member]	Jun. 30, 2016USD ($)
2,016	$ 2,528,844
2,017	5,198,262
2,018	5,323,624
2,019	3,133,086
2,020	6,630
Total	$ 16,190,446

Loan Payable (Details Textual)

Loan Payable (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Komatsu Mobile Mining Equipment [Member]
Debt Instrument [Line Items]
Payments to Acquire Productive Assets, Total	$ 0	$ 344,870	$ 57,313	$ 919,470
Number Of Equipments Acquired	0	3	1	7
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) - USD ($)	1 Months Ended
	Jul. 31, 2016	Jun. 08, 2015
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.95
Subsequent Event [Member]
Class of Warrant or Right, Warrant Term	3 years
Class of Warrant or Right, Warrant Expiration Date	Jul. 25, 2019
Proceeds From Issuance Or Sale Of Equity	$ 16,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 2
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right	1
Subsequent Event [Member] | Common Stock [Member]
Stock Issued During Period, Shares, New Issues	11,120,000
Subsequent Event [Member] | Warrant [Member]
Stock Issued During Period, Shares, New Issues	6,317,700
June 2015 Loan [Member]
Debt Instrument, Increase (Decrease), Net, Total	$ 1,013,346

Prior Periods Financial Resta66

Prior Periods Financial Restatements (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Liabilities:
Deferred tax liability			$ 12,922,000
Total liabilities	$ 81,964,877	$ 75,052,894	72,713,117
Shareholders’ Equity:
Additional paid-in capital	43,635,109	43,627,511	43,468,510
Total shareholders’ equity attributable to GQM Ltd.	15,554,974	26,581,933	29,068,686
Total shareholders’ equity	$ 55,152,160	$ 67,267,544	70,219,709	$ 65,983,177
Scenario, Previously Reported [Member]
Liabilities:
Deferred tax liability			0
Total liabilities			59,791,117
Shareholders’ Equity:
Additional paid-in capital			56,390,510
Total shareholders’ equity attributable to GQM Ltd.			41,990,686
Total shareholders’ equity			$ 83,141,709