GFG Resources Inc. (GFG) Financings
TSXV: GFG · Gold · Exploration stage
- Market cap$54.8M
- Share price$0.180
- 52-week range$0.130 – $0.245
- Shares outstanding304,255,295
- ExchangeTSXV
- Websitewww.gfgresources.com
GFG is a North American precious metals exploration company focused on district-scale gold opportunities in the Timmins Gold District of Ontario, Canada. The Company controls three highly prospective gold projects within one of the world's most established gold camps. GFG's exploration strategy is focused on advancing the Aljo gold system, systematically generating and testing new discovery opportunities across the Goldarm Property and maintaining significant exposure to the advancement of the Pen Gold Project through its strategic earn-in agreement with Barrick.
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GFG Resources Inc. financial statements
Key figures read from 41 of 41 financial statement filings, Oct 31, 2016 to Oct 15, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,364,926 | C$4,649,387 | C$2,147,401 | C$3,484,008 | C$1,227,744 |
| Total current assets | C$3,547,821* | C$6,560,030* | C$2,313,328* | C$3,701,212* | C$1,788,231* |
| Total current liabilities | C$677,918 | C$976,491 | C$1,003,483 | C$971,021 | C$458,201 |
| Working capital | C$2,869,903 | C$5,583,539 | C$1,309,845 | C$2,730,191 | C$1,330,030 |
| Exploration and evaluation assets | C$43,124,458 | C$36,757,211 | C$32,462,507 | C$29,330,733 | C$36,557,829 |
| Property, plant and equipment | C$129,971 | C$21,072 | C$60,484 | C$87,015 | C$121,787 |
| Total assets | C$46,813,116 | C$43,351,113 | C$35,157,541 | C$33,430,303 | C$39,026,350 |
| Debt | — | — | C$0 | C$40,000 | C$40,000 |
| Total liabilities | C$2,205,273 | C$1,335,491 | C$1,450,275 | C$1,294,313 | C$873,222 |
| Shareholders' equity | C$44,607,843 | C$42,015,622 | C$33,707,266 | C$32,135,990 | C$38,153,128 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2026 | FY Jun 2025 | FY Jun 2024 | FY Jun 2023 | FY Jun 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$67,300 | C$63,989 | C$71,736 | C$134,885 | C$114,589 |
| Share-based compensation | C$318,066 | C$315,755 | C$241,457 | C$249,343 | C$245,587 |
| Impairments and write-downs | — | — | C$0 | (C$249,935) | — |
| Net income (loss) | (C$1,340,487) | C$1,541,643 | (C$1,246,371) | (C$11,848,753) | (C$860,158) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2026 | FY Jun 2025 | FY Jun 2024 | FY Jun 2023 | FY Jun 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,651,627) | (C$1,557,180) | (C$1,511,505) | (C$1,353,772) | (C$1,320,652) |
| Investing cash flow | (C$4,632,989) | (C$2,715,036) | (C$2,147,453) | (C$2,486,282) | (C$2,084,866) |
| Financing cash flow | C$4,000,155 | C$6,774,202 | C$2,322,351 | C$6,096,318 | C$3,028,090 |
| Exploration spending (capitalized) | (C$5,918,571) | (C$4,115,455) | (C$2,364,144) | (C$2,848,481) | (C$1,775,595) |
| Proceeds from share issues | C$4,040,156 | C$2,965,774 | C$2,393,136 | — | C$3,067,969 |
| Change in cash | (C$2,284,461) | C$2,501,986 | (C$1,336,607) | C$2,256,264 | (C$377,428) |
| Cash at end of period | C$2,364,926 | C$4,649,387 | C$2,147,401 | C$3,484,008 | C$1,227,744 |
GFG Resources Inc. financings
4 financings announced or closed by GFG Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-01 | GFG Resources Inc. (GFG) | Flow-through, LIFE offering, brokered | Announced | $7.0M | $0.190 | GFG Announces Best Efforts Financing for up to $7 Million |
| 2025-10-16 | GFG Resources Inc. (GFG) | Flow-through, LIFE offering | Closed, 1 tranche | $4.2M | $0.222 | GFG Announces C$4.0 Million Flow-Through Private Placement |
| 2025-04-03 | GFG Resources Inc. (GFG) | Flow-through, LIFE offering | Closed, 1 tranche | $3.0M | $0.272 | GFG Announces C$2.5 Million Flow-Through Private Placement A pril 3, 2025, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “ Company”) announces a private placement |
| 2024-02-23 | GFG Resources Inc. (GFG) | Flow-through, LIFE offering, non-brokered | Closed, 1 tranche | $3.3M | $0.085 | GFG Announces Private Placement Financing of up to C$3.3 Million |