Bayhorse Silver Inc (BHS) Financings
TSXV: BHS · Silver, Copper · Development stage
- Market cap$20.9M
- Share price$0.050
- 52-week range$0.040 – $0.160
- Shares outstanding417,854,900
- ExchangeTSXV
- Websitebayhorsesilver.com
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver. (Turner et al. 2018) and the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Porphyry Copper Project are 44 km southwest of Hercules Metals' porphyry copper discovery. The Bayhorse Mine is a minimum environmental impact facility capable of processing at a mining rate of up to 200 tons/day that includes a state of the art 40 ton per hour Steinert Ore-Sorter that reduces waste rock entering the processing stream by up to 85%. The Company has established an up to 60 ton/day mill and standard flotation processing facility in nearby Payette County, Idaho, USA with an offtake agreement in place with Ocean Partners UK Limited. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.
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Bayhorse Silver Inc financial statements
Key figures read from 40 of 40 financial statement filings, Nov 28, 2016 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$431,804 | C$568,130 | C$482,566 | C$310,442 | C$432,062 |
| Total current assets | C$1,171,589* | C$1,370,861* | C$1,077,914* | C$809,521* | C$1,144,989* |
| Total current liabilities | C$1,905,983 | C$2,480,251 | C$1,474,910 | C$1,256,764 | — |
| Working capital | (C$734,394) | (C$1,109,390) | (C$396,996) | (C$447,243) | — |
| Property, plant and equipment | C$927,533 | C$1,174,721 | C$1,426,783 | C$1,700,124 | C$1,907,863 |
| Total assets | C$2,099,122 | C$2,557,282 | C$2,516,397 | C$2,521,345 | C$3,064,552 |
| Debt | C$390,621 | C$438,865 | C$443,071 | C$453,724 | C$836,748 |
| Total liabilities | C$2,452,339 | C$3,026,607 | C$2,021,266 | — | — |
| Shareholders' equity | (C$353,217) | (C$469,325) | C$495,131 | C$1,264,581 | C$1,599,919 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (C$1,632,945) | C$2,242,469 | C$712,436 | C$1,553,060 | C$2,763,166 |
| General and administrative | C$156,179 | C$155,422 | C$169,640 | C$199,402 | C$189,909 |
| Share-based compensation | C$346,600 | C$367,609 | C$38,334 | C$0 | C$964,123 |
| Impairments and write-downs | (C$31,381) | C$49,569 | (C$7,038) | C$0 | C$211,956 |
| Net income (loss) | (C$5,392,126) | (C$3,988,279) | (C$2,025,043) | (C$3,024,938) | (C$5,851,635) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,106,719) | (C$1,250,136) | (C$633,212) | (C$1,922,469) | (C$3,829,437) |
| Investing cash flow | C$12,764 | C$18,482 | C$6,812 | (C$71,203) | (C$690,667) |
| Financing cash flow | C$1,957,629 | C$1,317,218 | C$798,524 | C$1,872,052 | C$4,925,792 |
| Proceeds from share issues | C$1,417,993 | C$1,118,307 | C$799,825 | C$1,937,152 | C$4,125,086 |
| Change in cash | (C$136,326) | C$85,564 | C$172,124 | (C$121,620) | C$405,688 |
| Cash at end of period | C$431,804 | C$568,130 | C$482,566 | C$310,442 | C$432,062 |
Bayhorse Silver Inc financings
1 financing announced or closed by Bayhorse Silver Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-13 | Bayhorse Silver Inc (BHS) | LIFE offering, brokered | Closed, 1 tranche | $4.1M | $0.070 | Bayhorse Silver Announces Brokered LIFE Offering for Gross Proceeds of up to C$4.0 Million |
Bayhorse Silver Inc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Bayhorse Silver Inc has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2022-05-25 | Convertible debenture, repaid / settled | — | C$352,935 | — |
| 2019-11-13 | Convertible debenture, repaid / settled | — | C$60,440 | 12% |
| 2018-03-20 | Convertible debenture, repaid / settled | — | C$394,884 | 12% |
| 2016-02-22 | Convertible debenture, closed / funded | — | US$100,000 | 12% |
| 2014-09-26 | Loan, amended | — | C$210,000 | 12% |