Banyan Gold Corp. (BYN) Financings
TSXV: BYN · Gold, Silver · Advanced Exploration stage
- Market cap$768.1M
- Share price$1.72
- 52-week range$0.660 – $2.20
- Shares outstanding446,579,173
- ExchangeTSXV
- Websitebanyangold.com
Banyan's primary asset, the AurMac Project, is located in the Traditional Territory of the First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The AurMac Project comprises two main deposits, the Airstrip and Powerline Deposits. Mineralization is characteristic of a Reduced Intrusion Related Gold system, hosted in auriferous cross-cutting sheeted quartz veins and replacement style mineralization hosted in skarn horizons. The current Mineral Resource Estimate (' MRE ') for the AurMac Project has an effective date of May 15, 2026 and comprises an Indicated Mineral Resource of 3.639 million ounces of gold (' Au ') (167.3 M tonnes at 0.68 g/t) and an Inferred Mineral Resource of 4.985 Moz of Au (267.2 M tonnes at 0.58 g/t) (See MRE Table below; as defined in the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves incorporated by reference into NI 43-101). The 303 square kilometres (' sq km ') AurMac Project lies 40 kilometres from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 69 kVA 3-phase powerline, existing power substation and cell phone coverage. In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km northeast of Watson Lake, Yukon, along the southeast end of the Tintina Gold Belt (the ' Hyland Project ') in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council. The Hyland Project represents a sediment hosted, structurally controlled, intrusion-related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads. The updated MRE comprises an Indicated Mineral Resource of 337 thousand (' K ') ¿ounces (' oz ') of gold (' Au ') and 2.63 million (' M ') oz of silver (' Ag ') (11.3 M tonnes at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag) (as defined in the 2014 CIM Definition ¿Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025. Banyan also holds the Nitra Gold Project and Seattle-Goodman Creek Project which are grassroots exploration projects located in the Mayo Mining district, adjacent to the AurMac Gold Project. These properties lie in the northern part of the Selwyn Basin and are underlain by metaclastic rocks of the Late Proterozoic Yusezyu Formation of the Hyland Group, similar to lithologies hosting portions of the AurMac Project. Middle Cretaceous Tombstone Plutonic suite intrusions occur along the properties including the Morrison Creek and Minto Creek stocks. The properties are 100% owned by Banyan and cover over 227 sq km. The properties are accessible by road along the Silver Trail Highway, South McQuesten Road and a network of other smaller roads across the properties.
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Banyan Gold Corp. financial statements
Key figures read from 36 of 37 financial statement filings, Jan 10, 2017 to Aug 26, 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.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$9,791,812 | C$13,793,613 | C$8,151,674 | C$11,614,281 | C$14,361,408 |
| Total current assets | C$10,611,695* | C$14,216,056* | C$8,633,733* | C$12,485,450* | C$14,734,615* |
| Total current liabilities | C$6,066,840 | C$15,323,464 | C$9,539,729 | C$10,553,681 | C$7,570,440 |
| Working capital | C$4,544,855 | (C$1,107,408) | (C$905,996) | C$1,931,769 | C$7,164,175 |
| Exploration and evaluation assets | C$76,811,810 | C$57,840,565 | C$49,046,089 | C$35,210,859 | C$16,853,746 |
| Property, plant and equipment | C$557,109 | C$566,249 | C$684,296 | C$664,478 | C$432,029 |
| Total assets | C$88,139,643 | C$72,768,015 | C$58,499,690 | C$48,360,787 | C$32,020,390 |
| Total liabilities | C$19,028,421 | — | — | — | — |
| Shareholders' equity | C$69,111,222 | C$57,444,551 | C$48,959,961 | C$37,807,106 | C$24,449,950 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$2,357,703 | C$2,828,615 | C$1,801,686 | C$1,527,277 | C$802,400 |
| Share-based compensation | C$1,830,690 | C$1,707,773 | C$711,803 | C$808,443 | C$901,972 |
| Net income (loss) | (C$1,514,425) | (C$4,282,547) | C$367,909 | (C$1,455,024) | (C$2,915,846) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,747,723) | (C$575,307) | (C$1,672,842) | (C$1,090,226) | (C$733,436) |
| Investing cash flow | (C$17,029,194) | (C$8,812,232) | (C$13,978,408) | (C$18,681,037) | (C$9,361,229) |
| Financing cash flow | C$14,775,116 | C$13,878,864 | C$12,188,643 | C$17,024,135 | C$19,100,030 |
| Exploration spending (capitalized) | (C$17,014,669) | (C$8,894,476) | (C$13,855,230) | (C$18,516,970) | (C$9,057,667) |
| Property, plant and equipment spending | (C$100,641) | (C$17,756) | (C$165,178) | (C$324,066) | (C$395,562) |
| Proceeds from share issues | C$14,444,616 | C$13,610,364 | C$12,142,111 | C$16,681,885 | C$18,252,320 |
| Change in cash | (C$4,001,801) | C$5,641,939 | (C$3,462,607) | (C$2,747,128) | C$9,005,365 |
| Cash at end of period | C$9,791,812 | C$13,793,613 | C$8,151,674 | C$11,614,281 | C$14,361,408 |
Banyan Gold Corp. financings
3 financings announced or closed by Banyan Gold Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-24 | Banyan Gold Corp. (BYN) | LIFE offering, brokered | Closed, 1 tranche | $54.3M | $2.00 | Banyan Announces Franco-Nevada Subscription for 10 Million Shares in Previously Announced Financing |
| 2026-05-06 | Banyan Gold Corp. (BYN) | Flow-through | Closed, 1 tranche | $46.5M | $1.92 | OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Banyan Gold Announces Closing of $46.5 Million Private Placement |
| 2024-06-12 | Banyan Gold Corp. (BYN) | Flow-through, LIFE offering, brokered | Closed, 2 tranches | $14.3M | $0.380 | Banyan Announces Private Placement of up to $14.3 million |