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Metals & mining · Basic Materials · Fiscal year ends Dec 31 · Reports in CAD
Net income was −CAD 310M. Operating cash flow of −CAD 48M less capital expenditure of CAD 505,000 left free cash flow of −CAD 48M.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating income | −126 | −61.3 | 68.8 | −82.1 | −296 |
| Income tax | 1.1 | −1.0 | −1.4 | −4.6 | 14.1 |
| Net income | −127 | −60.3 | 70.2 | −77.6 | −310 |
| Diluted EPS | – | −0.12 | 0.16 | −0.14 | −0.53 |
| Diluted shares | – | 480 | 529 | 555 | 588 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 202 | 134 | 291 | – | – |
| Receivables | 1.2 | 1.8 | 1.9 | 1.7 | 2.2 |
| Current assets | 213 | 144 | 307 | 493 | 1,148 |
| Net PP&E | 6.6 | 5.0 | 5.4 | 5.4 | 7.6 |
| Total assets | 547 | 555 | 1,007 | 1,657 | 2,473 |
| Payables | 7.5 | 13.7 | 27.0 | 18.7 | 40.3 |
| Current liabilities | 8.2 | 16.6 | 186 | 478 | 630 |
| Total liabilities | 85.2 | 99.1 | 187 | 478 | 641 |
| Shareholders' equity | 434 | 418 | 820 | 1,179 | 1,832 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −16.8 | −20.2 | −52.6 | −24.1 | −47.5 |
| Capital expenditure | 1.2 | 0.4 | 6.1 | 2.4 | 0.5 |
| Free cash flow | −18.0 | −20.5 | −58.7 | −26.4 | −48.0 |
| Depreciation & amortisation | 2.1 | 1.8 | 1.8 | 2.3 | 2.2 |
| Stock-based compensation | 31.4 | 35.1 | 37.1 | 29.5 | 38.2 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating income growth (YoY) | – | – | – | −219.4% | – |
| EPS growth (YoY) | – | – | – | −187.5% | – |
| Return on equityBlank when equity is negative | −29.3% | −14.4% | 8.6% | −6.6% | −16.9% |
| ROCEEBIT ÷ (assets − current liabilities) | −23.4% | −11.4% | 8.4% | −7.0% | −16.0% |
| Cash conversion (CFO ÷ net income) | 0.13x | 0.33x | −0.75x | 0.31x | 0.15x |
| Current ratio | 26.0x | 8.70x | 1.65x | 1.03x | 1.82x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.