Magma Silver Corp. (MGMA) Financings
TSXV: MGMA · Silver, Gold · Exploration stage
- Market cap$8.8M
- Share price$0.105
- 52-week range$0.100 – $0.440
- Shares outstanding83,624,180
- ExchangeTSXV
- Websitewww.magmasilver.com
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSX Venture Exchange ('MGMA'), OTCQB ('MAGMF'), and Frankfurt Exchange ('BC21'), the Company's primary focus is on exploring and developing the advanced Ninobamba silver-gold project in the mining-friendly country of Peru. Ninobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation and low-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation, and Rio Silver Inc. has demonstrated significant resource potential, with over C$14.5 million invested to date. Magma Silver is advancing its Ninobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, and the Company is building relationships with local communities and expanding its technical team.
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Magma Silver Corp. financial statements
Key figures read from 26 of 26 financial statement filings, Jun 15, 2020 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), 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 | US$3,620,474 | US$27,716 | US$1,045 | US$62,745 | US$165,020 |
| Total current assets | US$3,716,940 | US$32,702 | — | — | — |
| Total current liabilities | — | — | — | — | US$38,201 |
| Exploration and evaluation assets | US$477,153 | US$0 | — | — | — |
| Total assets | US$4,194,093 | US$32,702 | US$7,937 | US$93,844 | US$243,939 |
| Debt | US$0 | US$1,429 | US$21,416 | — | — |
| Total liabilities | US$59,715 | US$92,233 | US$687,700 | US$249,777 | — |
| Shareholders' equity | US$4,134,378 | (US$59,531) | — | (US$155,933) | — |
Income statement: annual key figures
US dollars (US$), 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 | |
|---|---|---|---|---|---|
| General and administrative | US$578,892 | US$73,412 | US$231,960 | US$221,336 | US$702,437 |
| Share-based compensation | US$513,229 | US$0 | US$12,322 | US$92,906 | US$462,824 |
| Impairments and write-downs | US$18,925 | US$383,592 | — | — | — |
| Net income (loss) | (US$2,092,142) | US$178,653 | (US$756,734) | (US$1,194,499) | (US$724,512) |
Cash flow statement: annual key figures
US dollars (US$), 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 | (US$1,606,352) | (US$362,267) | (US$101,994) | (US$468,455) | (US$1,456,223) |
| Investing cash flow | (US$220,586) | — | US$0 | (US$117,990) | (US$102,894) |
| Financing cash flow | US$5,408,159 | US$351,229 | US$57,613 | US$477,354 | US$1,668,015 |
| Exploration spending (capitalized) | (US$220,586) | — | US$0 | (US$117,990) | (US$102,894) |
| Proceeds from share issues | US$4,362,933 | — | US$0 | US$477,354 | — |
| Change in cash | US$3,592,758 | US$26,671 | (US$61,700) | (US$102,275) | US$139,797 |
| Cash at end of period | US$3,620,474 | US$27,716 | US$1,045 | US$62,745 | US$165,020 |
Magma Silver Corp. financings
3 financings announced or closed by Magma Silver Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-01-21 | Magma Silver Corp. (MGMA) | Private placement | Announced | US$1.0M | — | African Energy Metals Announces Option Agreement to Acquire a 100% Interest in Ninobamba Advanced Silver Gold Project in Peru and Private Placement |
| 2024-10-23 | Magma Silver Corp. (MGMA) | Private placement, non-brokered | Closed, 1 tranche | $500K | $0.050 | African Energy Announces Private Placement and Debt Settlement |
| 2024-08-02 | Magma Silver Corp. (MGMA) | Private placement, non-brokered | Terminated | $50K | $0.015 | African Energy Cancels Private Placement and Appoints Director |