Compass Gold Corp (CVB) Financings
TSXV: CVB · Gold · Development stage
- Market cap$22.4M
- Share price$0.145
- 52-week range$0.110 – $0.205
- Shares outstanding154,235,621
- ExchangeTSXV
- Websitecompassgoldcorp.com
Compass Gold, a public company incorporated in Ontario, is a Tier 2 issuer on the TSX-V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass Gold holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of approximately 900 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects 1, including Morila, Syama, Kalana and Komana. The Company's Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo., is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald's August 2017 'NI 43-101 Technical Report on the Sikasso Property, Republic of Mali.'
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Compass Gold Corp financial statements
Key figures read from 38 of 38 financial statement filings, Nov 29, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$333,551 | C$255,977 | C$125,901 | C$338,501 | C$1,070,415 |
| Total current assets | C$349,498 | C$303,190 | C$213,941 | C$475,701 | C$1,185,562 |
| Total current liabilities | C$1,917,530 | C$1,192,884 | C$533,126 | — | — |
| Working capital | (C$1,568,032) | (C$889,694) | (C$319,185) | — | — |
| Exploration and evaluation assets | C$23,352,789 | C$22,863,368 | C$22,110,285 | C$20,988,217 | C$21,829,219 |
| Property, plant and equipment | C$21,502 | C$14,789 | C$30,566 | C$41,146 | C$60,465 |
| Total assets | C$23,723,789 | C$23,181,347 | C$22,354,792 | C$21,505,064 | C$23,075,246 |
| Debt | C$0 | C$1,464,130 | C$581,692 | — | — |
| Total liabilities | C$1,917,530 | C$2,657,014 | C$1,114,818 | C$206,657 | C$48,483 |
| Shareholders' equity | C$21,806,259 | C$20,524,333 | C$21,239,974 | C$21,298,407 | C$23,026,763 |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| General and administrative | C$435,651 | C$412,386 | C$461,752 | C$508,641 | C$631,169 |
| Share-based compensation | C$720,063 | C$0 | C$32,168 | C$80,420 | C$246,676 |
| Impairments and write-downs | C$27,000 | — | — | — | — |
| Net income (loss) | (C$2,130,045) | (C$758,831) | (C$684,327) | (C$3,098,902) | (C$1,108,008) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$523,946) | (C$107,793) | (C$306,867) | (C$671,184) | (C$1,068,959) |
| Investing cash flow | (C$571,775) | (C$525,934) | (C$966,411) | (C$1,277,356) | (C$4,321,632) |
| Financing cash flow | C$1,173,295 | C$763,803 | C$1,060,678 | C$1,216,626 | C$2,614,390 |
| Exploration spending (capitalized) | (C$795,079) | (C$525,934) | (C$964,516) | (C$1,276,441) | (C$4,273,393) |
| Proceeds from share issues | C$677,995 | C$0 | C$434,623 | C$1,240,540 | C$2,669,500 |
| Change in cash | C$77,574 | C$130,076 | (C$212,600) | (C$731,914) | (C$2,776,201) |
| Cash at end of period | C$333,551 | C$255,977 | C$125,901 | C$338,501 | C$1,070,415 |
Compass Gold Corp financings
2 financings announced or closed by Compass Gold Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-03 | Compass Gold Corp (CVB) | LIFE offering, brokered | Closed, 1 tranche | $5.4M | $0.190 | Compass Gold Announces Private Placement of Units for Gross Proceeds of up to $5 million |
| 2025-09-16 | Compass Gold Corp (CVB) | Private placement, non-brokered | Closed, 1 tranche | $700K | $0.150 | Compass Gold Announces Fully Subscribed $600,000 Private Placement |
Compass Gold Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Compass Gold 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 |
|---|---|---|---|---|
| 2025-06-30 | Convertible debenture, converted | — | C$650,000 | 25%, matures 2025-06-30 |
| 2024-07-11 | Convertible debenture, proposed | — | C$175,000 | 10%, matures 2025-06-30 |
| 2023-07-04 | Convertible debenture, closed / funded | — | C$650,000 | 10% |
| 2023-06-22 | Convertible debenture, closed / funded | — | C$600,000 | 10% |