Lake Victoria Gold Ltd (LVG) Financings
TSXV: LVG · Gold · Development stage
- Market cap$71.3M
- Share price$0.350
- 52-week range$0.160 – $0.405
- Shares outstanding203,653,368
- ExchangeTSXV
- Websitewww.lakevictoriagold.com
Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange under the symbol LVG. Leveraging our unique position and experience, the Company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania. The Company has a 100% interest in the Tembo project which has over fifty thousand meters of drilling and is located adjacent to Barrick's Bulyanhulu Mine. The Company also holds a 100% interest in the Imwelo Project which is a fully permitted gold project west of AngloGold Ashanti's Geita Gold Mine. With historical resource estimates and a JORC Compliant 2021 pre-feasibility study, the project is fully permitted for mine construction and production, positioning it as a near-term development opportunity. LVG has assembled a highly experienced team with a track record of developing, financing, and operating mining projects in Africa with management, directors and partners owning more than 60% of the shares. Notably, the Company is grateful for the validation that comes with the support and equity investment from Barrick and strategic partnership with Taifa Group. Taifa Group (a diverse group of companies with interests in amongst others, Mining, Telecoms, Oil & Gas, Agri Business, Pharmaceuticals and Leather) has entered into an agreement with the Company to obtain an equity stake in the Company and through its wholly owned subsidiary Taifa Mining (a wholly Tanzanian owned company), or other nominees. Taifa Mining will also conduct all the contract mining and civil works for the Imwelo project. Taifa Mining is Tanzania's largest mining contractor with over 30 years mining related experience. Taifa have been the contractor of choice to most mines in Tanzania and have maintained long and successful relationships with companies such as Petra, De Beers, Barrick, and AngloGold Ashanti. In addition, Taifa also owns the largest fleet of mining equipment in Tanzania. As a company, Taifa is committed to adopting and adhering to the latest internationally recognized standards throughout all aspects of its business.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Lake Victoria Gold Ltd financial statements
Key figures read from 39 of 39 financial statement filings, Nov 28, 2016 to Aug 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.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,869,793 | C$31,393 | C$627,109 | C$2,255,550 | C$650,480 |
| Total current assets | C$2,235,712 | C$192,594 | C$917,154 | C$2,417,395 | C$702,523 |
| Total current liabilities | C$2,098,321 | C$3,212,856 | C$830,710 | C$765,143 | — |
| Working capital | C$137,391 | (C$3,020,262) | C$86,444 | C$1,652,252 | — |
| Exploration and evaluation assets | C$13,423,530 | C$7,082,226 | C$5,666,160 | C$3,880,403 | C$6,722,872 |
| Property, plant and equipment | C$118,110 | C$144,194 | C$158,384 | C$178,078 | C$159,576 |
| Total assets | C$18,501,726 | C$8,898,263 | C$7,433,239 | C$7,184,044 | C$7,584,971 |
| Debt | C$782,111 | C$740,339 | — | — | — |
| Total liabilities | C$2,098,321 | C$3,837,937 | C$1,175,909 | C$1,118,641 | C$563,611 |
| Shareholders' equity | C$16,403,405 | C$5,060,326 | C$6,257,330 | C$6,065,403 | C$7,021,360 |
Income statement: annual key figures
Canadian dollars (C$), 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$0 | C$55,337 | C$148,434 | — | — |
| General and administrative | C$71,840 | C$61,847 | C$51,374 | C$48,363 | C$4,139 |
| Share-based compensation | C$648,288 | C$1,287,957 | C$487,756 | C$37,033 | C$520,587 |
| Net income (loss) | (C$3,436,763) | (C$3,247,228) | (C$2,940,091) | (C$3,296,236) | (C$1,903,254) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$4,217,625) | (C$775,964) | (C$2,173,662) | (C$4,667,267) | (C$1,492,806) |
| Investing cash flow | (C$1,399,720) | (C$884,081) | (C$1,898,309) | C$4,416,909 | — |
| Financing cash flow | C$7,455,521 | C$1,058,569 | C$2,467,069 | C$2,136,733 | C$2,241,229 |
| Exploration spending (capitalized) | (C$2,239,660) | (C$745,476) | (C$1,884,649) | (C$9,856,586) | — |
| Property, plant and equipment spending | (C$2,790) | (C$6,528) | (C$13,660) | (C$34,897) | — |
| Proceeds from share issues | C$7,894,220 | C$103,810 | C$240,000 | C$1,792,950 | — |
| Change in cash | C$1,838,400 | (C$595,716) | (C$1,628,441) | C$1,605,070 | C$603,305 |
| Cash at end of period | C$1,869,793 | C$31,393 | C$627,109 | C$2,255,550 | C$650,480 |
Lake Victoria Gold Ltd financings
3 financings announced or closed by Lake Victoria Gold Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-20 | Lake Victoria Gold Ltd (LVG) | Private placement, non-brokered | Announced | $32.2M | $0.300 | Lake Victoria Gold Announces up to $32.2 Million Strategic Financing to Advance Imwelo and Tembo |
| 2026-09-01 | Lake Victoria Gold Ltd (LVG) | Private placement | Closed, 1 tranche | $4.2M | — | Fully Permitted Tanzanian Gold Project Clears Path to Construction as Financing, EPCM Fall in Place (LVGLF) |
| 2026-04-01 | Lake Victoria Gold Ltd (LVG) | Convertible debenture, non-brokered | Tranche closed, 2 tranches | US$25.0M | — | Lake Victoria Gold Secures up to a ~US$25 Million Gold Loan from Monetary Metals Plus Fully Committed $3.0 Million Convertible Debenture Financing |
Lake Victoria Gold Ltd debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lake Victoria Gold Ltd 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 |
|---|---|---|---|---|
| 2026-06-25 | Gold loan, proposed | Monetary Metals & Co | US$25M | 15% |
| 2026-05-20 | Convertible debenture, closed / funded | Monetary Metals & Co | C$3.83M | 5% |
| 2026-05-20 | Convertible debenture, closed / funded | — | C$300,000 | 5% |
| 2024-08-08 | Convertible debenture, closed / funded | — | C$187,000 | 12% |