DFR Gold Inc. (DFR) Financings
TSXV: DFR · Gold · Exploration stage
- Market cap$6.1M
- Share price$0.030
- 52-week range$0.020 – $0.070
- Shares outstanding203,139,700
- ExchangeTSXV
- Websitewww.dfrgold.com
DFR Gold Inc. is an exploration and mine development company. The Company is focused on gold and other commodities in West Africa. The Company's projects include Cascades, Kalaka, Gurara JV, and Beravina. The Company has approximately 80% interest in the Cascades project which is in stable southern Burkina Faso. The Cascades Project lies in the Banfora Birimian Greenstone Belt, one of the three major mineralized belts in western Burkina Faso. The Cascades Project comprises two exploration license areas, Wuo Land, and Wuo Land 2 in the Comoe province of southern Burkina Faso. The Company has over 40% interest in the Kalaka project, which is a gold deposit situated in Mali. The Gurara JV project is a gold project in an unexplored province (Benin-Nigeria Shield). It has four licenses in two projects areas (Dagma and Paimasa) lying at the southern end of the Kushaka belt. The Beravina project is a rock zircon deposit, situated in western Madagascar.
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DFR Gold Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Oct 28, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), 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 | US$331,731 | US$138,959 | US$122,961 | US$1,346,259 | US$265,177 |
| Total current assets | US$633,673* | US$324,775* | US$304,132* | US$36,448 | — |
| Total current liabilities | — | — | US$2,397,175 | US$387,604 | — |
| Working capital | — | — | (US$2,093,043) | (US$351,156) | — |
| Property, plant and equipment | US$14,315 | US$24,100 | US$33,640 | US$36,448 | — |
| Total assets | US$647,988 | US$348,875 | US$337,772 | US$1,747,791 | US$318,689 |
| Debt | US$3,825,865 | US$2,199,572 | US$1,868,686 | US$5,797 | — |
| Total liabilities | US$5,068,561 | US$2,738,865 | — | — | — |
| Shareholders' equity | (US$4,420,573) | (US$2,389,990) | — | US$1,360,187 | US$318,689 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), 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 | (US$1,581,395) | (US$1,410,022) | (US$1,790,849) | (US$587,518) | (US$510,340) |
| General and administrative | (US$417,376) | (US$722,593) | (US$1,342,564) | (US$1,434,682) | (US$547,528) |
| Share-based compensation | — | US$0 | (US$791,010) | (US$284,038) | US$0 |
| Net income (loss) | (US$2,019,066) | (US$2,168,771) | (US$4,214,394) | (US$16,693,080) | (US$554,462) |
Cash flow statement: annual key figures
US dollars (US$), 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 | (US$1,220,068) | (US$2,184,725) | (US$2,811,334) | — | (US$1,017,901) |
| Investing cash flow | US$220 | US$100,723 | (US$117,714) | US$251,554 | — |
| Financing cash flow | US$1,412,620 | US$2,100,000 | US$1,705,750 | US$4,881,975 | US$1,048,141 |
| Property, plant and equipment spending | US$0 | (US$107) | (US$7,951) | — | — |
| Proceeds from share issues | — | — | US$0 | US$4,881,975 | — |
| Change in cash | — | — | — | US$1,081,082 | US$30,240 |
| Cash at end of period | US$331,731 | US$138,959 | US$122,961 | US$1,346,259 | US$265,177 |
DFR Gold Inc. financings
3 financings announced or closed by DFR Gold Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-08-05 | DFR Gold Inc. (DFR) | Private placement | Announced | US$1.0M | — | DFR Gold Inc. Announces the Commencement of Feasibility Study at Cascades , Financing and General Updates |
| 2024-09-03 | DFR Gold Inc. (DFR) | Private placement | Announced | US$600K | — | DFR Gold Inc. Announces Exploration and Financing |
| 2024-02-22 | DFR Gold Inc. (DFR) | Debt | Announced | US$500K | — | DFR Gold Inc. Announces US$500,000 Loan |