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Gold · Basic Materials · Fiscal year ends Dec 31 · Reports in CAD
Net income was −CAD 183M. Operating cash flow of −CAD 57M less capital expenditure of CAD 294M left free cash flow of −CAD 352M.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Interest expense | – | – | – | 1.6 | 2.7 |
| Pre-tax income | – | −88.9 | −110 | −152 | −179 |
| Income tax | – | – | −0.6 | – | 3.5 |
| Net income | −118 | −88.9 | −109 | −152 | −183 |
| Diluted EPS | −1.97 | −1.26 | −1.29 | −1.53 | −1.59 |
| Diluted shares | 59.8 | 70.3 | 84.4 | 99.1 | 115 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 40.3 | 40.6 | 91.1 | 96.9 | 122 |
| Receivables | 7.3 | 5.7 | 3.2 | 2.4 | 5.5 |
| Current assets | 54.2 | 50.2 | 97.5 | 101 | 159 |
| Net PP&E | 18.8 | 20.2 | 33.0 | – | – |
| Total assets | 155 | 168 | 195 | 274 | 770 |
| Current liabilities | 25.4 | 20.9 | 25.2 | 70.0 | 87.5 |
| Total liabilities | 31.4 | 30.8 | 70.5 | 184 | 611 |
| Shareholders' equity | 124 | 137 | 125 | 90.6 | 159 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −124 | −93.4 | −90.6 | −128 | −57.3 |
| Capital expenditure | 11.4 | 1.3 | 8.7 | 2.2 | 294 |
| Free cash flow | −136 | −94.7 | −99.3 | −130 | −352 |
| Stock-based compensation | 14.1 | 11.0 | 12.0 | 13.1 | 24.9 |
| Acquisitions | – | 18.7 | – | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Return on equityBlank when equity is negative | −95.2% | −64.8% | −87.5% | −167.7% | −114.9% |
| Cash conversion (CFO ÷ net income) | 1.06x | 1.05x | 0.83x | 0.84x | 0.31x |
| Current ratio | 2.13x | 2.40x | 3.86x | 1.44x | 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.