Palamina Corp (PA) Financings
TSXV: PA · Gold, Silver, Copper · Exploration stage
- Market cap$9.3M
- Share price$0.100
- 52-week range$0.100 – $0.225
- Shares outstanding93,234,836
- ExchangeTSXV
- Websitewww.palamina.com
Palamina is a mineral exploration company with 6 gold projects in the Puno Orogenic Gold Belt in southeastern Peru and a separate Canadian 100% owned subsidiary, Colt Silver Corp. with seven silver copper assets across southeastern, northeastern, and central Peru. Colt Silver Corp. is being spun out into its own standalone public company to unlock additional shareholder value. Palamina trades on the TSX Venture Exchange (PA) and the OTCQB (PLMNF).
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Palamina Corp financial statements
Key figures read from 39 of 39 financial statement filings, Nov 25, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$1,140,283 | C$87,913 | C$3,040,172 | C$81,302 | C$2,233,309 |
| Total current assets | C$1,263,654* | C$233,548* | C$3,250,821* | C$256,674* | C$2,532,536 |
| Property, plant and equipment | C$56,185 | C$78,072 | C$29,769 | C$38,304 | C$26,457 |
| Total assets | C$1,319,839 | C$504,961 | C$3,710,997 | C$306,092 | C$2,664,058 |
| Total liabilities | C$695,236 | C$635,317 | C$768,004 | C$442,569 | C$522,050 |
| Shareholders' equity | C$624,603 | — | C$2,942,993 | (C$136,477) | C$2,142,008 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$1,504,702 | C$2,495,768 | C$847,732 | C$1,529,059 | C$1,806,133 |
| General and administrative | C$327,020 | C$353,968 | C$545,867 | C$360,506 | C$291,960 |
| Share-based compensation | (C$11,172) | C$59,112 | C$112,296 | C$121,575 | C$500,000 |
| Net income (loss) | (C$1,853,830) | (C$3,220,091) | C$2,272,742 | (C$2,392,547) | (C$3,064,101) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,869,881) | (C$2,892,068) | (C$1,270,915) | (C$2,040,926) | (C$2,597,577) |
| Investing cash flow | C$289,232 | (C$60,191) | C$3,503,725 | (C$111,081) | (C$155,020) |
| Financing cash flow | C$2,633,019 | C$0 | C$726,060 | C$0 | C$4,924,193 |
| Property, plant and equipment spending | C$0 | (C$60,191) | C$0 | (C$18,081) | (C$22,870) |
| Proceeds from share issues | C$2,700,000 | C$0 | C$750,000 | C$0 | (C$75,807) |
| Change in cash | C$1,052,370 | (C$2,952,259) | C$2,958,870 | (C$2,152,007) | C$2,171,596 |
Palamina Corp financings
1 financing announced or closed by Palamina Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-09 | Palamina Corp (PA) | Private placement, non-brokered | Closed, 3 tranches | $2.7M | $0.125 | Palamina Announces $2,500,000 Private Placement |