Novo Resources Corp. (NVO) Financials
TSX: NVO · Gold, Copper · Advanced Exploration stage
- Market cap$28.2M
- Share price$0.065
- 52-week range$0.050 – $0.280
- Shares outstanding434,102,519
- ExchangeTSX
- Websitenovoresources.com
Novo is an Australian based gold explorer listed on the ASX and the TSX focussed on discovering standalone gold and copper projects with > 1 Moz Aueq development potential. Novo is an innovative gold explorer with a significant land package covering approximately 5,608 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. In addition to the above, Novo is part of two prospective farm in agreements in New South Wales. Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will build further value for shareholders.
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Novo Resources Corp. financial statements
Key figures read from 43 of 43 financial statement filings, May 29, 2017 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), in thousands, 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$7,622 | C$10,689 | C$11,613 | — | — |
| Short-term investments | C$119 | C$116 | C$149 | — | — |
| Total current assets | C$8,659 | C$11,461 | C$23,862 | C$56,427* | C$49,385* |
| Total current liabilities | C$12,603 | C$4,361 | C$8,976 | — | — |
| Working capital | (C$3,944) | C$7,100 | C$14,886 | — | — |
| Exploration and evaluation assets | C$30,960 | C$40,798 | C$44,255 | — | — |
| Property, plant and equipment | C$563 | C$603 | C$2,262 | — | — |
| Total assets | C$61,347 | C$85,273 | C$106,451 | C$256,161 | C$462,682 |
| Total liabilities | C$15,142 | C$15,778 | C$21,529 | — | — |
| Shareholders' equity | C$46,205 | C$69,495 | C$84,922 | — | — |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), in thousands, 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 | — | — | — | — | C$112,243 |
| Cost of sales | — | — | — | — | (C$110,767) |
| Exploration and evaluation expense | (C$17,118) | (C$10,646) | (C$14,939) | C$0 | C$2,354 |
| Impairments and write-downs | — | — | — | — | (C$46,905) |
| Net income (loss) | (C$22,388) | (C$23,229) | (C$127,811) | (C$105,418) | (C$704) |
Cash flow statement: annual key figures
Canadian dollars (C$), in thousands, 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$12,148) | (C$16,727) | (C$47,433) | (C$46,186) | (C$19,656) |
| Investing cash flow | C$9,060 | C$19,694 | (C$1,473) | C$119,693 | (C$7,757) |
| Financing cash flow | (C$169) | (C$3,814) | C$12,829 | (C$57,865) | C$19,626 |
| Exploration spending (capitalized) | (C$36) | (C$9,001) | (C$1,776) | (C$500) | (C$1,912) |
| Property, plant and equipment spending | C$0 | (C$118) | (C$137) | (C$4,978) | (C$16,765) |
| Proceeds from share issues | — | C$0 | C$17,148 | C$5,000 | C$1,967 |
| Change in cash | (C$3,257) | (C$847) | (C$36,077) | C$15,642 | (C$7,787) |
| Cash at end of period | C$7,622 | C$10,689 | C$11,613 | C$47,925 | C$32,345 |
No financings are on record for Novo Resources Corp. yet.