Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		285 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Cash flows used in operating activities
Net income (loss) for the period	$ (139,706)	$ (21,905)	$ (10,422,276)
Adjustments to reconcile net income (loss) to net cash used in operating activities
depreciation	0	0	51,626
stock compensation expense on stock option grants	0	0	366,844
accrued interest on notes receivable	0	(7,365)	(19,901)
issuance of common stock for mineral property rights	0	0	600
expenses satisfied with issuance of common stock	27,639	0	238,639
partnership exploration costs	0	0	1,125,711
writedown of investment in partnership interest	0	0	190,601
writedown of available for sale securities	0	0	148,180
realized gain on sale of available-for-sale investments	0	(71,737)	(361,704)
gain on disposition of subsidiary	0	0	(958,591)
impairment of mineral properties	0	0	1,009,597
minority interest in income (loss) of subsidiary	0	0	(130,739)
realized loss on sale of equipment	0	0	12,342
Changes in working capital assets and liabilities, net of disposal of subsidiary
decrease (increase) in trade and other receivables	0	0	(11,180)
decrease (increase) in prepaid expenses and other assets	(25,406)	(3,092)	(55,495)
increase (decrease) in accounts payables and accrued liabilities	10,695	(15,434)	261,693
increase (decrease) in accounts payables related party	0	0	44,788
increase (decrease) in deposit	0	0	0
Net cash used in operating activities	(126,778)	(119,533)	(8,509,265)
Cash provided by (used in) investing activities
collections on notes receivable	0	0	200,000
purchase equipment	0	0	(217,093)
proceeds from sale of equipment	0	0	35,717
proceeds from disposition of subsidiary, net of cash deposit	0	0	1,452,949
investment in available-for-sale securities	0	0	(337,342)
proceeds from disposition of marketable securities	0	82,887	422,132
investment in partnership interest	0	0	(1,316,312)
acquisition of mineral property costs	0	0	(2,550,000)
Net cash provided by (used in) investing activities	0	82,887	(2,309,949)
Cash flows from financing activities
issuance of common stock	200,000	0	10,370,001
loan proceeds	0	0	1,160,255
loan payments	0	0	(633,396)
Net cash provided by financing activities	200,000	0	10,896,860
Effect of exchange rate changes on cash and cash equivalents	0	0	67,223
Increase (decrease) in cash and cash equivalents	73,222	(36,646)	144,869
Cash and cash equivalents, beginning of period	71,647	223,334	0
Cash and cash equivalents, end of period	144,869	186,688	144,869
Supplement Disclosures of Cash Information:
Interest paid (net of amounts capitalized)	0	0
Income taxes paid	$ 0	$ 0

CIGMA METALS CORP 10-Q