Granada Gold Mine Inc (GGM) Financials
TSXV: GGM · Gold · Advanced Exploration stage
- Market cap$6.8M
- Share price$0.030
- 52-week range$0.025 – $0.115
- Shares outstanding227,265,949
- ExchangeTSXV
- Websitegranadagoldmine.com
Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, and is adjacent to the prolific Cadillac Break. The Company owns 14.73 square kilometres of land in a combination of mining leases and claims. The Company is currently advancing the Granada Gold Project through an updated mineral resource estimate and preliminary economic assessment, with drilling planned to target both lateral extensions and depth expansion of the existing mineral resource. The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometres. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold ( 43-101 reference ). The property includes the former Granada Gold underground mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930's from two shafts before a fire destroyed the surface buildings. In the 1990s, Granada Resources extracted a bulk sample (Pit #1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (Pit #2) of 22,095 tonnes grading 3.46 g/t Au. Details available on the Company's website: https://granadagoldmine.com/.
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Granada Gold Mine Inc financial statements
Key figures read from 41 of 41 financial statement filings, Oct 27, 2016 to Oct 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2026 | Jun 2025 | Jul 2024 | Jun 2024 | Jun 2023 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,510,149 | C$11,013 | C$9,146 | C$9,146 | C$15,407 |
| Short-term investments | C$40,644 | C$37,367 | C$111,811 | C$111,811 | C$120,920 |
| Total current assets | C$1,616,308 | C$96,126 | C$366,941 | C$366,941 | C$376,868 |
| Total current liabilities | C$8,763,503 | C$13,773,580 | C$12,711,086 | C$12,711,086 | C$10,987,595 |
| Working capital | (C$7,147,195) | (C$13,677,454) | (C$12,344,145) | (C$12,344,145) | (C$10,610,727) |
| Property, plant and equipment | C$26,628 | C$35,777 | C$100,495 | C$100,495 | C$130,812 |
| Total assets | C$2,027,357 | C$516,324 | C$851,857 | C$851,857 | C$892,101 |
| Debt | C$1,626,309 | C$1,501,688 | C$1,386,725 | C$1,386,725 | C$1,280,169 |
| Total liabilities | C$9,256,117 | C$14,153,641 | C$13,067,172 | C$13,067,172 | C$11,337,217 |
| Shareholders' equity | (C$7,228,760) | (C$13,637,317) | (C$12,215,315) | (C$12,215,315) | (C$10,445,116) |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$297,649 | C$156,988 | C$648,375 | C$1,379,247 | C$1,768,339 |
| General and administrative | C$83,751 | C$30,999 | C$30,596 | C$73,328 | C$125,209 |
| Share-based compensation | (C$301,619) | C$0 | C$82,781 | C$28,645 | — |
| Net income (loss) | C$4,750,720 | C$753,069 | (C$1,929,730) | (C$2,878,299) | (C$4,081,063) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,322,604) | (C$264,619) | (C$6,261) | (C$122,752) | (C$1,823,179) |
| Investing cash flow | C$0 | C$66,486 | C$0 | C$6,000 | (C$36,181) |
| Financing cash flow | C$2,821,740 | C$200,000 | — | — | C$1,798,415 |
| Property, plant and equipment spending | — | — | — | — | (C$36,481) |
| Proceeds from share issues | C$2,811,740 | C$200,000 | — | — | C$2,673,245 |
| Change in cash | C$1,499,136 | C$1,867 | (C$6,261) | (C$116,752) | (C$60,945) |
| Cash at end of period | C$1,510,149 | C$11,013 | C$9,146 | C$15,407 | C$132,159 |
Granada Gold Mine Inc financings
2 financings announced or closed by Granada Gold Mine Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-30 | Granada Gold Mine Inc (GGM) | Private placement, non-brokered | Closed, 1 tranche | $2.9M | $0.050 | Granada Gold Mine Announces $2.5 million Private Placement |
| 2024-12-18 | Granada Gold Mine Inc (GGM) | Flow-through, non-brokered | Closed, 1 tranche | $200K | $0.035 | Granada Gold Mine Announces Quebec Flow-Through Private Placement |