P2 Gold Inc (PGLD) Financings
TSXV: PGLD · Gold, Copper · Development stage
- Market cap$343.9M
- Share price$1.17
- 52-week range$0.340 – $1.60
- Shares outstanding293,941,079
- ExchangeTSXV
- Websitewww.p2gold.com
P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada, where work to support a feasibility study is underway. A positive preliminary economic assessment (see footnote below) has outlined a long-life, mid-size mine at Gabbs with annual average production of 109,000 ounces gold and 33 million pounds copper, processing 9 million tonnes per year over a 14.2-year mine life. The feasibility study is advancing using a nominal production rate of 12 million tonnes per year targeting average annual production of 150,000 ounces gold and 45 to 50 million pounds of copper per year. The Gabbs Project has excellent infrastructure with access via paved Hwy 361, and power and water on site. All zones on the property remain open and an infill and expansion drill program is underway. On completion of drilling, an updated Mineral Resource estimate will be prepared for Gabbs, which is expected to be completed in the fourth quarter.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
P2 Gold Inc financial statements
Key figures read from 32 of 32 financial statement filings, Nov 22, 2018 to Aug 6, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$9,922,289 | C$539,945 | C$46,611 | C$1,474,424 | C$7,796,236 |
| Short-term investments | C$396,179 | — | — | — | — |
| Total current assets | C$11,101,189* | C$637,760* | C$214,165* | C$2,161,352* | C$7,999,017* |
| Total current liabilities | C$8,848,038 | C$2,740,808 | C$1,516,297 | C$12,247,849 | C$6,847,268 |
| Working capital | C$2,253,151 | (C$2,103,048) | (C$1,302,132) | (C$10,086,497) | C$1,151,749 |
| Property, plant and equipment | C$26,856 | C$47,337 | C$96,475 | C$252,062 | C$306,493 |
| Total assets | C$11,128,045 | C$685,097 | C$310,640 | C$2,413,414 | C$8,452,113 |
| Debt | C$8,040,775 | C$2,364,188 | C$545,000 | — | — |
| Total liabilities | C$8,848,214 | C$2,894,028 | C$9,669,955 | C$12,247,849 | C$12,899,281 |
| Shareholders' equity | C$2,279,831 | (C$2,208,931) | (C$9,359,315) | (C$9,834,435) | (C$4,447,168) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$3,043,848 | C$434,712 | C$4,434,049 | C$11,410,978 | C$24,669,173 |
| General and administrative | C$1,924,588 | C$1,670,179 | C$2,574,800 | C$3,179,310 | C$2,572,801 |
| Share-based compensation | C$781,464 | C$174,409 | C$488,334 | C$1,334,591 | C$1,013,248 |
| Net income (loss) | (C$10,093,981) | C$4,148,527 | (C$4,456,872) | (C$12,938,121) | (C$27,387,336) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$3,017,867) | (C$1,637,621) | (C$4,696,586) | (C$13,296,733) | (C$7,612,446) |
| Investing cash flow | C$124,176 | C$1,833 | (C$98) | C$70,977 | (C$223,043) |
| Financing cash flow | C$12,278,880 | C$2,127,583 | C$3,269,616 | C$6,899,858 | C$13,995,954 |
| Property, plant and equipment spending | C$0 | (C$2,068) | (C$7,947) | (C$96,509) | (C$80,976) |
| Proceeds from share issues | C$10,834,629 | C$1,464,143 | C$2,906,598 | C$6,570,390 | C$14,073,251 |
| Change in cash | C$9,385,189 | C$491,795 | (C$1,427,068) | (C$6,325,898) | C$6,160,465 |
| Cash at end of period | C$9,922,289 | C$539,945 | C$46,611 | C$1,474,424 | C$7,796,236 |
P2 Gold Inc financings
1 financing announced or closed by P2 Gold Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-22 | P2 Gold Inc (PGLD) | Private placement, non-brokered | Upsized | $11.6M | $0.750 | Each Unit will consist of one common share in the capital of the Company (an "Offering Share") and |
P2 Gold Inc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments P2 Gold Inc has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2024-11-08 | Loan, repaid / settled | — | C$572,500 | — |
| 2024-09-04 | Loan, repaid / settled | — | C$250,000 | — |
| 2024-03-14 | Convertible debenture, closed / funded | — | — | 7.5%, matures 2026-01-31 |
| 2024-03-05 | Convertible debenture, repaid / settled | Waterton Nevada Splitter, LLC | C$1.36M | 7.5%, matures 2026-01-31 |
| 2024-02-13 | Convertible debenture, repaid / settled | Waterton Nevada Splitter, LLC | C$1.7M | 7.5%, matures 2026-01-31 |