Mithril Silver and Gold Limited (MSG) Financings
TSXV: MSG · Silver, Gold · Advanced Exploration stage
- Market cap$41.2M
- Share price$0.220
- 52-week range$0.200 – $0.680
- Shares outstanding187,487,758
- ExchangeTSXV
- Websitewww.mithrilsilvergold.com
Mithril is undertaking an aggressive exploration program in 2026, with 25,000 metres of drilling planned during the year across the Copalquin District.Work in the second half of 2026 is focussing on expanding known mineralised zones, testing new high-priority targets, integrating district-wide geophysical data, and continuing to advance the Company's district-scale exploration thesis. There are 13 target areas with 6 of that advancing as high-priority and including the recently upgraded resource at Target 1 4.The district features over 100 historic underground workings including several notable past-producing multi-level mines and small 200 surface workings (c.1850 - 1910). Mapping and sampling across the lower half of the 70 km 2 mining concession area demonstrates and a large epithermal silver-gold system with multiple target areas for potential resource growth plus the conduit system responsible for the widespread silver and gold mineralisation. Of note, are the persistent and widespread high gold grades, sampled across this silver district.
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Mithril Silver and Gold Limited financial statements
Key figures read from 8 of 8 financial statement filings, Nov 14, 2024 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: quarterly key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Cash and equivalents | $10,839,090 | $14,149,399 | $18,269,182 | $11,056,014 |
| Total current assets | $50,797,962 | $48,582,820 | $45,411,524 | $39,069,069 |
| Exploration and evaluation assets | $50,787,994 | $48,572,120 | $45,402,659 | $39,065,392 |
| Property, plant and equipment | $5,535 | $6,133 | $4,300 | $2,456 |
| Total assets | $63,360,838 | $64,567,903 | $65,490,528 | $50,949,875 |
| Total liabilities | $2,380,371 | $1,952,487 | $2,056,924 | $870,672 |
| Shareholders' equity | $60,980,467 | $62,615,416 | $63,433,604 | $50,079,203 |
Income statement: quarterly key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M Mar 2026 | 3M Dec 2025 | 3M Sep 2025 | 3M Mar 2025 | |
|---|---|---|---|---|
| Share-based compensation | $0 | $1,248,000 | $1,630,200 | $0 |
| Net income (loss) | ($532,503) | ($1,808,026) | ($2,184,341) | ($374,417) |
Cash flow statement: quarterly key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| 9M Mar 2026 | 6M Dec 2025 | 3M Sep 2025 | 9M Mar 2025 | |
|---|---|---|---|---|
| Operating cash flow | ($1,718,606) | ($1,201,859) | ($787,641) | ($1,520,301) |
| Investing cash flow | ($11,597,374) | ($8,733,265) | ($4,845,529) | ($5,469,466) |
| Financing cash flow | $13,103,188 | $13,033,747 | $12,849,677 | $19,657,558 |
| Proceeds from share issues | $11,668,907 | $11,668,907 | $11,668,907 | $15,189,189 |
| Change in cash | ($216,924) | $3,093,385 | $7,213,168 | $12,689,649 |
| Cash at end of period | $10,839,090 | $14,149,399 | $18,269,182 | $14,186,041 |
Mithril Silver and Gold Limited financings
3 financings announced or closed by Mithril Silver and Gold Limited, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-07-11 | Mithril Silver and Gold Limited (MSG) | Private placement | Announced | $11.5M | — | Mithril Silver & Gold Arranges up to C$11.5M Placement to Accelerate Exploration at Copalquin, Mexico |
| 2025-07-08 | Mithril Silver and Gold Limited (MSG) | Private placement, brokered | Closed, 1 tranche | $11.5M | $0.360 | Mithril Silver & Gold Announces $10 Million Brokered Private Placement of Common Shares |
| 2024-11-04 | Mithril Silver and Gold Limited (MSG) | Private placement | Closed, 1 tranche | AUD $12.5M | $0.500 | Craig Sharpe – Non-Executive Chair John Skeet – Managing Director & CEO Garry Thomas – Non-Executive Director Stephen Layton – Non-Executive Director David Toyoda – Non-Executive Director Justyn Stedwell – Company Secretary |