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Gold · Basic Materials · Fiscal year ends Dec 31 · Reports in CAD
Net income was −CAD 53M. Operating cash flow of −CAD 15M less capital expenditure of CAD 137M left free cash flow of −CAD 152M.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 0.1 | 0.1 | – | – | – |
| Operating incomederived: pre-tax income + interest | 6.0 | 0.5 | – | – | – |
| Interest expense | 0.4 | −0.3 | −0.5 | −0.5 | −2.5 |
| Pre-tax income | 5.5 | 0.9 | −38.0 | −19.9 | −65.1 |
| Income tax | 4.6 | 8.3 | −8.7 | 11.4 | −11.9 |
| Net income | 0.9 | −7.4 | −29.3 | −31.2 | −53.2 |
| Diluted EPS | 0.01 | −0.09 | −0.35 | −0.35 | −0.53 |
| Diluted shares | 77.6 | 80.1 | 83.0 | 88.8 | 101 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 11.5 | 46.2 | 82.4 | 49.8 | 118 |
| Receivables | 0.3 | – | – | – | – |
| Current assets | 54.2 | 140 | 94.0 | 58.1 | 214 |
| Net PP&E | – | – | 103 | 0.2 | – |
| Total assets | 748 | 1,096 | 1,351 | 1,453 | 1,768 |
| Payables | 12.2 | 43.0 | 32.7 | – | – |
| Current liabilities | 17.3 | 52.0 | 39.4 | 20.3 | 40.9 |
| Total liabilities | 45.4 | 355 | 621 | 610 | 643 |
| Shareholders' equity | 702 | 741 | 730 | 843 | 1,125 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −11.7 | −13.3 | −21.5 | −14.2 | −15.5 |
| Capital expenditure | 73.6 | 178 | 230 | 106 | 137 |
| Free cash flow | −85.3 | −191 | −252 | −120 | −152 |
| Stock-based compensation | −3.5 | −3.1 | 3.3 | 3.7 | 4.7 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −13.3% | – | – | – |
| Operating income growth (YoY) | – | −90.9% | – | – | – |
| EPS growth (YoY) | – | −1000.0% | – | – | – |
| Operating margin | 7184.3% | 755.6% | – | – | – |
| Net margin | 1078.3% | −10269.4% | – | – | – |
| Return on equityBlank when equity is negative | 0.1% | −1.0% | −4.0% | −3.7% | −4.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 0.8% | 0.1% | – | – | – |
| Free cash flow margin | −102828.9% | −265665.3% | – | – | – |
| Cash conversion (CFO ÷ net income) | −13.1x | 1.80x | 0.74x | 0.46x | 0.29x |
| Receivable days | 1236 | – | – | – | – |
| Interest cover | 13.6x | −1.65x | – | – | – |
| Current ratio | 3.13x | 2.70x | 2.38x | 2.86x | 5.24x |
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.