NGEx Minerals Ltd. (NGEX) Financings
TSX: NGEX · Copper, Gold, Silver · Advanced Exploration stage
- Market cap$4.56B
- Share price$21.05
- 52-week range$20.12 – $32.41
- Shares outstanding216,858,780
- ExchangeTSX
- Websitewww.ngexminerals.com
NGEx Minerals is a mineral exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project located approximately nine kilometres northeast in Chile's Region III. Both projects are located within the Vicuña District, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits. NGEx owns 100% of Lunahuasi and is the approximate 69% majority partner and operator for the Los Helados project, which is subject to a Joint Exploration Agreement with Lundin Mining Corporation ('Lundin Mining'). Lundin Mining is also the 75% owner and operator of the Caserones open pit copper mine located approximately 17 kilometres north of Los Helados. The Company's common shares are listed on the TSX under the symbol 'NGEX' and also trade on the OTCQX under the symbol 'NGXXF'. NGEx is part of the Lundin Group of Companies.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
NGEx Minerals Ltd. financial statements
Key figures read from 30 of 32 financial statement filings, Jul 25, 2019 to Sep 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$192,536,059 | C$153,367,759 | C$59,502,617 | C$23,249,241 | C$21,000,042 |
| Short-term investments | C$80,734,882 | C$45,184,932 | C$15,229,918 | — | — |
| Total current assets | C$6,841,067 | C$7,043,514 | C$4,419,419 | C$4,761,757 | C$3,803,254 |
| Total current liabilities | — | — | C$634,740 | C$969,060 | — |
| Working capital | — | — | C$3,784,679 | C$3,792,697 | — |
| Exploration and evaluation assets | C$6,213,113 | C$6,270,661 | C$3,815,124 | C$3,902,697 | C$3,537,087 |
| Property, plant and equipment | C$294,083 | C$374,110 | C$191,028 | C$18,723 | C$23,968 |
| Total assets | C$456,610,654 | C$208,563,415 | C$81,292,915 | C$32,311,557 | C$25,732,908 |
| Total liabilities | C$16,969,878 | C$13,532,065 | C$7,824,578 | C$8,297,011 | C$2,349,535 |
| Shareholders' equity | C$439,640,776 | C$195,031,350 | C$73,468,337 | C$24,014,546 | C$23,383,373 |
Income statement: annual key figures
Canadian dollars (C$), 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$99,997,077 | C$63,750,316 | C$40,283,371 | C$28,923,845 | C$5,664,896 |
| General and administrative | C$1,979,169 | C$1,530,375 | C$1,008,524 | C$511,019 | C$344,917 |
| Share-based compensation | C$18,736,417 | C$6,388,242 | C$3,592,030 | C$2,353,238 | C$487,837 |
| Impairments and write-downs | — | — | — | — | C$0 |
| Net income (loss) | (C$123,335,862) | (C$63,596,812) | (C$37,718,192) | (C$32,415,262) | (C$5,456,734) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$93,490,192)* | (C$46,168,594)* | (C$27,087,854)* | (C$27,156,678)* | (C$4,027,329)* |
| Investing cash flow | (C$35,311,019)* | (C$32,293,254)* | (C$15,323,342)* | (C$126,220)* | (C$125,756)* |
| Financing cash flow | C$173,135,193* | C$173,633,000* | C$84,705,018* | C$29,834,863* | C$24,356,974* |
| Exploration spending (capitalized) | C$0 | (C$2,279,719) | (C$133,923) | (C$126,220) | (C$125,756) |
| Change in cash | C$39,168,300 | C$93,865,142 | C$36,253,376 | C$2,249,199 | C$20,101,224 |
| Cash at end of period | C$192,536,059 | C$153,367,759 | C$59,502,617 | C$23,249,241 | C$21,000,042 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for NGEx Minerals Ltd. yet.