Maple Gold Mines Ltd (MGM) Financings
TSXV: MGM · Gold · Advanced Exploration stage
- Market cap$185.0M
- Share price$2.49
- 52-week range$1.24 – $4.00
- Shares outstanding74,289,241
- ExchangeTSXV
- Websitewww.maplegoldmines.com
Maple Gold Mines Ltd. is a well-funded Canadian gold exploration company focused on advancing its 100%-owned, district-scale Douay/Joutel Gold Project located in Québec's prolific Abitibi Greenstone Gold Belt. Douay/Joutel benefits from exceptional infrastructure access and boasts ~481 square kilometres of highly prospective ground including an established gold mineral resource at the Douay 2 and Joutel 3 deposits, both with significant expansion potential, as well as the past-producing Eagle and Telbel mines at Joutel that were key parts of the historical Joutel Mining Complex. The total Douay/Joutel Mineral Resource Estimate now stands at 905,000 oz Au Indicated (19.1 Mt at 1.48 g/t Au) and 4,297,000 oz Au Inferred (130.2 Mt at 13 g/t Au). Maple Gold's property package also hosts a significant number of regional exploration targets along a 55-kilometre strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the property ripe for new gold and VMS discoveries. The Company is currently focused on carrying out exploration and drill programs to grow mineral resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.
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Maple Gold Mines Ltd financial statements
Key figures read from 39 of 39 financial statement filings, Nov 29, 2016 to Aug 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$14,718,947 | C$7,868,173 | C$3,328,457 | C$9,758,175 | C$21,905,081 |
| Short-term investments | — | C$0 | C$81,300 | — | — |
| Total current assets | C$16,291,814* | C$8,791,440* | C$4,286,407* | C$10,680,874* | C$22,099,360* |
| Total current liabilities | C$1,262,628 | C$3,655,626 | C$1,411,503 | C$1,501,463 | C$4,312,449 |
| Working capital | C$15,029,186 | C$5,135,814 | C$2,874,904 | C$9,179,411 | C$17,786,911 |
| Property, plant and equipment | C$205,138 | C$299,326 | C$272,253 | C$515,467 | C$242,895 |
| Total assets | C$16,496,952 | C$9,090,766 | C$4,558,660 | C$11,196,341 | C$22,342,255 |
| Debt | — | C$0 | C$40,000 | C$40,000 | C$40,000 |
| Total liabilities | C$1,378,174 | C$3,881,213 | C$1,529,960 | C$1,892,780 | C$4,442,629 |
| Shareholders' equity | C$15,118,778 | C$5,209,553 | C$3,028,700 | C$9,303,561 | C$17,899,626 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$7,364,659 | C$3,136,936 | C$3,803,117 | C$7,649,983 | C$1,435,664 |
| General and administrative | C$3,899,635 | C$2,394,376 | C$3,980,125 | C$5,923,363 | C$4,898,877 |
| Net income (loss) | (C$8,185,132) | (C$4,444,315) | (C$7,032,138) | (C$10,279,928) | (C$5,933,298) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$10,402,810)* | (C$4,246,910)* | (C$6,150,042)* | (C$12,042,364)* | (C$4,246,725)* |
| Investing cash flow | (C$2,700)* | C$61,909* | (C$57,805)* | (C$46,494)* | (C$27,451)* |
| Financing cash flow | — | — | (C$221,871)* | — | — |
| Change in cash | C$6,850,774 | C$4,539,716 | (C$6,429,718) | (C$12,146,906) | C$1,890,280 |
| Cash at end of period | C$14,718,947 | C$7,868,173 | C$3,328,457 | C$9,758,175 | C$21,905,081 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Maple Gold Mines Ltd financings
1 financing announced or closed by Maple Gold Mines Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-17 | Maple Gold Mines Ltd (MGM) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $16.0M | $3.40 | Maple Gold Announces Closing of Oversubscribed Concurrent Offerings for Gross Proceeds of $16 Million |