Canadian Goldfields Discovery Corp (CGM) Financings
TSXV: CGM · Gold · Exploration stage
- Market cap$16.7M
- Share price$0.155
- 52-week range$0.145 – $0.600
- Shares outstanding107,520,428
- ExchangeTSXV
- Websitecanadiangoldfields.com
Canadian Goldfields Discovery Corp. is a Canadian mineral exploration company focused on advancing district-scale gold opportunities in Ontario, Canada. The Company's portfolio includes the flagship Miminiska Gold Project in northwestern Ontario and the Swayze Central Gold Property located within the prospective Swayze Greenstone Belt near Timmins. Miminiska hosts a gold-rich banded iron formation ('BIF') system with multiple high-grade intercepts drilled across the Miminiska and Frond Zones and more than 14 km of underexplored strike extent. Supported by approximately 28,000 m of historical drilling, the project demonstrates significant scale potential with mineralization remaining open along strike and at depth. The Swayze Central Gold Property complements the Company's portfolio with historical high-grade gold occurrences and additional district-scale exploration upside in one of Canada's most established mining regions. Canadian Goldfields is led by a lean and execution-focused leadership team committed to disciplined exploration, systematic discovery and long-term value creation through the advancement of high-quality gold assets in tier-one mining jurisdictions.
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Canadian Goldfields Discovery Corp financial statements
Key figures read from 38 of 38 financial statement filings, Mar 31, 2017 to Sep 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$3,896,914 | C$232,532 | C$515,871 | C$760,705 | C$28,475 |
| Short-term investments | C$20,833 | C$20,833 | C$29,167 | C$4,667 | C$12,667 |
| Total current assets | C$4,128,233* | — | — | — | — |
| Exploration and evaluation assets | C$5,316,889 | — | — | — | — |
| Total assets | C$9,445,122 | C$520,284 | C$555,964 | C$784,304 | C$42,243 |
| Shareholders' equity | C$6,793,572 | C$18,668 | C$167,417 | C$479,632 | (C$1,517,551) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$85,718 | — | — | — | — |
| General and administrative | C$263,187 | C$12,877 | C$19,599 | C$46,361 | C$700 |
| Share-based compensation | C$3,127,277 | — | — | — | — |
| Net income (loss) | (C$3,952,248) | (C$148,749) | (C$312,215) | (C$240,059) | (C$1,529) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$918,335) | (C$283,339) | (C$244,834) | (C$1,555,012) | C$19,226 |
| Investing cash flow | (C$2,078,903) | — | C$0 | C$50,000 | — |
| Financing cash flow | C$6,661,620 | — | C$0 | C$2,237,242 | C$0 |
| Exploration spending (capitalized) | — | — | C$0 | (C$50,000) | — |
| Proceeds from share issues | C$6,661,620 | — | C$0 | (C$12,758) | — |
| Change in cash | C$3,664,382 | (C$283,339) | (C$244,834) | C$732,230 | C$19,226 |
| Cash at end of period | C$3,896,914 | C$232,532 | C$515,871 | C$760,705 | C$28,475 |
Canadian Goldfields Discovery Corp financings
1 financing announced or closed by Canadian Goldfields Discovery Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-09 | Canadian Goldfields Discovery Corp (CGM) | Flow-through, non-brokered | Upsized | $7.6M | $0.200 | Canadian Goldfields Increases Private Placement Financing |
Canadian Goldfields Discovery Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Canadian Goldfields Discovery Corp 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 |
|---|---|---|---|---|
| 2017-12-20 | Loan, amended | European Bank for Reconstruction and Development (EBRD) | C$10.74M | — |
| 2017-12-18 | Convertible note / loan, amended | European Bank for Reconstruction and Development (EBRD) | C$10.74M | — |