Meridian Mining plc (MNO) Financings
TSX: MNO · Gold, Copper, Silver · Development stage
- Market cap$1.02B
- Share price$2.09
- 52-week range$1.01 – $2.50
- Shares outstanding487,119,091
- ExchangeTSX
Meridian Mining plc (the 'Company') and its subsidiaries (together, the 'Group') is a mineral resource development and exploration group with projects in Brazil. The Group signed a Purchase Agreement on 6 November 2020, to acquire the rights within the Cabaçal gold ('Au') - copper ('Cu') - silver ('Ag') Volcanic Massive Sulphide ('VMS') belt ('VMS Belt'), that included the historical Cabaçal Au-Cu-Ag mine ('Cabaçal'), and the separate Santa Helena Cu-Au-Ag, zinc ('Zn'), and lead ('Pb') mine (' Santa Helena ') in the state of Mato Grosso, Brazil. The Group has separately secured additional licences across the project's VMS Belt, and in the parallel Jauru and Araputanga Greenstone Belts to the west of Cabaçal.
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Meridian Mining plc financial statements
Key figures read from 38 of 38 financial statement filings, Apr 24, 2017 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), 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$41,709,473 | US$7,710,874 | US$7,095,927 | US$6,174,891 | US$9,059,798 |
| Total current assets | US$41,994,692* | US$8,093,502* | US$7,481,745* | US$6,391,294* | US$9,381,553* |
| Total current liabilities | — | US$2,042,473 | US$2,402,326 | US$3,511,315 | — |
| Working capital | — | US$6,051,029 | US$5,079,419 | US$2,879,979 | — |
| Exploration and evaluation assets | US$3,329,764 | US$2,447,566 | US$9,019,501 | US$8,020,634 | US$6,057,012 |
| Property, plant and equipment | US$750,927 | US$653,781 | US$949,962 | US$841,367 | US$748,063 |
| Total assets | US$46,120,968 | US$11,232,016 | US$17,451,208 | US$15,253,295 | US$16,186,628 |
| Total liabilities | US$3,195,483 | US$2,042,473 | US$2,432,207 | US$3,629,883 | — |
| Shareholders' equity | US$42,925,485 | US$9,189,543 | US$15,019,001 | US$11,623,412 | (US$3,715,652) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), 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 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | US$0 |
| Cost of sales | — | — | — | — | US$0 |
| Exploration and evaluation expense | US$9,372,104 | US$8,722,577 | US$6,626,328 | US$5,159,208 | US$3,533,194 |
| General and administrative | US$4,541,151 | US$2,977,345 | US$2,717,988 | US$2,738,654 | US$1,943,763 |
| Share-based compensation | US$2,134,179 | US$118,834 | US$1,886,207 | US$242,421 | US$3,027,640 |
| Impairments and write-downs | — | US$0 | (US$16,120) | — | — |
| Net income (loss) | (US$17,002,644) | (US$18,234,905) | (US$11,985,858) | US$800,108 | (US$37,582,080) |
Cash flow statement: annual key figures
US dollars (US$), 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$14,614,415) | (US$12,121,531) | (US$10,599,176) | (US$9,053,823) | (US$6,493,731) |
| Investing cash flow | (US$923,076) | (US$704,306) | (US$1,263,708) | (US$173,683) | (US$941,669) |
| Financing cash flow | US$48,649,125 | US$14,064,799 | US$12,707,433 | US$6,609,320 | US$11,995,413 |
| Exploration spending (capitalized) | (US$734,033) | (US$578,811) | (US$1,073,535) | (US$102,669) | (US$351,521) |
| Property, plant and equipment spending | (US$206,938) | (US$125,495) | (US$210,775) | (US$221,640) | (US$627,250) |
| Proceeds from share issues | (US$1,704,635) | (US$1,091,174) | (US$915,873) | US$3,832,476 | US$8,004,641 |
| Change in cash | US$33,998,599 | US$614,947 | US$921,036 | (US$2,884,907) | US$4,543,662 |
| Cash at end of period | US$41,709,473 | US$7,710,874 | US$7,095,927 | US$6,174,891 | US$9,059,798 |
Meridian Mining plc financings
2 financings announced or closed by Meridian Mining plc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-04 | Meridian Mining plc (MNO) | Private placement, bought deal | Closed, 1 tranche | $57.5M | $1.58 | Meridian Mining Announces $40 Million Bought Deal Financing The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ |
| 2025-08-07 | Meridian Mining plc (MNO) | LIFE offering, brokered | Closed, 1 tranche | $50.0M | $0.780 | Meridian Announces Closing of C$50 Million LIFE Offering |
Meridian Mining plc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Meridian Mining plc 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 |
|---|---|---|---|---|
| 2020-07-20 | Loan, closed / funded | — | — | — |
| 2020-04-27 | Loan, amended | Sentient Fund | C$2.5M | — |
| 2020-03-31 | Loan, repaid / settled | — | C$2.5M | 0% |
| 2019-12-10 | Loan, amended | Sentient Global Resources Funds IV, L.P. | US$6.75M | 10%, matures 2020-03-31 |
| 2017-10-31 | Prepayment, signed | — | — | — |