Newcore Gold Ltd. (NCAU) Financings
TSXV: NCAU · Gold · Advanced Exploration stage
- Market cap$98.5M
- Share price$0.315
- 52-week range$0.270 – $0.900
- Shares outstanding312,765,640
- ExchangeTSXV
- Websitenewcoregold.com
Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa's largest gold producer (1). Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 12% equity ownership, and prime district scale exploration opportunities. Enchi's 248 km 2 land package covers 40 kilometres of Ghana's prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the Chirano mine 50 kilometres to the north. Newcore's vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders. (1) Source: Production volumes for 2025 as sourced from the World Gold Council.
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Newcore Gold Ltd. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 10, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Jan 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | $4,175,995 | $5,149,417 | $3,747,221 | $586,138 | $586,138 |
| Short-term investments | — | $0 | — | $3,000,000 | — |
| Total current assets | $4,780,144* | $5,562,581* | $4,069,504* | $3,950,353* | $3,950,353* |
| Exploration and evaluation assets | $64,243,457 | $50,865,465 | $41,883,950 | $40,301,415 | $40,301,415 |
| Property, plant and equipment | $303,836 | $318,274 | $277,149 | $261,219 | $261,219 |
| Total assets | $69,327,437 | $56,746,320 | $46,230,603 | $44,512,987 | $44,512,987 |
| Total liabilities | $3,636,694 | $6,892,974 | — | $3,102,831 | — |
| Shareholders' equity | $65,690,743 | $49,853,346 | $46,060,358 | $41,410,156 | $44,020,013 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
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 | $2,238,529 | $2,959,351 | $1,301,976 | $868,297 | $1,410,567 |
| Share-based compensation | $1,567,186 | $371,275 | $377,058 | $867,735 | $1,460,866 |
| Net income (loss) | ($1,772,927) | ($5,272,345) | ($2,423,771) | ($2,625,137) | ($4,020,725) |
Cash flow statement: annual key figures
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 2019 | |
|---|---|---|---|---|---|
| Operating cash flow | ($4,257,370)* | ($2,678,577)* | ($1,987,264)* | ($2,193,938)* | ($282,900)* |
| Investing cash flow | ($15,277,860)* | ($4,632,958)* | $287,903* | ($2,904,317)* | $19,279* |
| Financing cash flow | $18,439,359* | $8,694,474* | $4,917,528* | $5,117,279* | — |
| Exploration spending (capitalized) | ($15,244,704) | ($4,632,958) | ($2,712,097) | ($4,716,817) | ($270,157) |
| Property, plant and equipment spending | ($33,156) | — | — | — | — |
| Proceeds from share issues | $13,935,928 | $5,361,141 | $4,917,528 | $4,579,780 | — |
| Change in cash | ($973,422) | $1,402,196 | $3,161,083 | ($188,869) | ($287,271) |
| Cash at end of period | $4,175,995 | $5,149,417 | $3,747,221 | $586,138 | $92,386 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Newcore Gold Ltd. financings
3 financings announced or closed by Newcore Gold Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-15 | Newcore Gold Ltd. (NCAU) | LIFE offering, bought deal | Closed, 1 tranche | $15.0M | $0.530 | Newcore Gold Announces Upsized $15 Million Bought Deal Financing |
| 2025-02-10 | Newcore Gold Ltd. (NCAU) | Private placement, brokered | Closed, 1 tranche | $15.0M | $0.365 | Newcore Gold Announces $12 Million Brokered Private Placement Financing |
| 2024-09-05 | Newcore Gold Ltd. (NCAU) | LIFE offering, non-brokered | Closed, 1 tranche | $5.5M | $0.290 | Newcore Gold Announces $5 Million Private Placement Financing |