Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) (LMG) Financings
TSXV: LMG · Gold, Silver · Development stage
- Market cap$12.8M
- Share price$0.400
- 52-week range$0.190 – $0.970
- Shares outstanding32,035,604
- ExchangeTSXV
- Websitelincolnmining.com
Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company headquartered in Vancouver, British Columbia. Lincoln's portfolio includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both located in Nevada, USA. Bell Mountain is an advanced-stage project with permitting in place and is being advanced toward development and potential production, subject to financing and customary approvals. Pine Grove is a larger-scale project currently in the permitting and development evaluation stage. Both projects are located approximately 61 air miles apart within Nevada's Walker Lane mineral belt, a highly prospective and well-established mining jurisdiction hosting multiple producing mines and advanced development projects. The region benefits from established infrastructure, experienced mining workforce availability, and a long history of precious metals production. Together, these assets represent a complementary development portfolio positioned along a staged advancement pathway, with Bell Mountain representing the nearer-term development focus and Pine Grove providing longer-term scale potential. Lincoln is focused on advancing its portfolio through staged development, technical de-risking, and capital formation initiatives, with the objective of progressing toward mid-tier gold producer status.
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Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) financial statements
Key figures read from 40 of 40 financial statement filings, Nov 29, 2016 to Aug 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$78,633 | C$295,219 | C$20,804 | C$18,279 | C$47,058 |
| Total current assets | C$126,972* | C$845,803 | C$857,012 | C$953,625 | C$996,317 |
| Total current liabilities | C$4,058,962 | C$3,572,625 | C$2,896,298 | C$88,036 | C$1,632,861 |
| Working capital | (C$3,931,990) | (C$2,726,822) | (C$2,039,286) | C$865,589 | (C$636,544) |
| Exploration and evaluation assets | C$2,049,386 | C$741,973 | C$741,973 | C$870,380 | C$842,973 |
| Property, plant and equipment | — | — | C$0 | C$29,041 | C$41,426 |
| Total assets | C$2,310,468 | C$1,167,125 | C$891,594 | C$985,510 | C$1,088,428 |
| Debt | C$1,390,793 | C$105,740 | C$102,043 | C$101,958 | C$52,003 |
| Total liabilities | C$5,407,893 | C$3,811,538 | C$3,176,038 | C$3,548,655 | C$2,633,789 |
| Shareholders' equity | (C$3,097,425) | (C$2,644,413) | (C$2,284,444) | (C$2,563,145) | (C$1,545,361) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (C$488,708) | (C$567,572) | (C$248,452) | C$289,455 | C$611,377 |
| General and administrative | C$335,276 | C$423,098 | C$631,560 | C$248,628 | C$412,334 |
| Share-based compensation | — | — | — | C$0 | C$7,566 |
| Impairments and write-downs | — | C$0 | C$0 | C$20,921 | C$0 |
| Net income (loss) | (C$1,479,457) | (C$1,511,599) | (C$6,497,503) | (C$1,052,264) | (C$1,384,725) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$747,632) | (C$938,378) | (C$429,824) | (C$229,430) | (C$1,015,809) |
| Investing cash flow | (C$682,440) | (C$12,297) | C$10,911 | (C$6,407) | (C$335,939) |
| Financing cash flow | C$1,213,486 | C$1,225,090 | C$421,438 | C$207,058 | C$1,284,911 |
| Exploration spending (capitalized) | (C$682,440) | C$0 | (C$16,087) | (C$6,407) | (C$291,968) |
| Property, plant and equipment spending | — | — | — | C$0 | (C$43,971) |
| Change in cash | (C$216,586) | C$274,415 | C$2,525 | (C$28,779) | (C$66,837) |
| Cash at end of period | C$78,633 | C$295,219 | C$20,804 | C$18,279 | C$47,058 |
Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) financings
3 financings announced or closed by Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.), read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-11-26 | Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) (LMG) | Convertible debenture | Announced | $650K | — | Lincoln Gold Announces Proposed Convertible Note Unit Issuance |
| 2025-11-10 | Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) (LMG) | Convertible debenture | Announced | $200K | — | Lincoln Gold Announces Proposed Convertible Note Unit Issuance |
| 2025-08-26 | Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) (LMG) | Convertible debenture | Closed, 1 tranche | $200K | — | Lincoln Gold Announces Proposed Convertible Note Unit Issuance |
Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lincoln Mining Corp. (formerly Lincoln Gold Mining Inc.) 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 |
|---|---|---|---|---|
| 2025-12-17 | Convertible note / loan, closed / funded | Ian Rogers | C$850,000 | 18% |
| 2025-11-03 | Loan, repaid / settled | — | C$101,000 | 12% |
| 2025-10-09 | Convertible note / loan, closed / funded | — | C$200,000 | 18% |
| 2025-08-12 | Loan, repaid / settled | — | — | — |