Panoro Minerals Ltd. (PML) Financings
TSXV: PML · Copper, Gold, Silver · Advanced Exploration stage
- Market cap$402.7M
- Share price$1.30
- 52-week range$0.280 – $2.03
- Shares outstanding309,795,094
- ExchangeTSXV
- Websitewww.panoro.com
Panoro is a Canadian mineral exploration and development company focused on advancing its 100% owned Cotabambas Copper, Gold and Silver Project, located in the Apurimac region in southern Peru. The Cotabambas Project hosts: Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0021% molybdenum, and Inferred Mineral Resources of 496 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0027% molybdenum. Within this resource is a higher-grade component comprising: Indicated Mineral Resource totals of 129 million tonnes grading 0.70% Cu, 0.44 g/t Au, 4.12 g/t Ag. Inferred Mineral Resources of an estimated at 93.1 million tonnes grading 0.59% Cu, 0.41 g/t Au, 5.31 g/t Ag. The Company is targeting expansion of its higher-grade resources with its current drill program.
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Panoro Minerals Ltd. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 29, 2016 to Aug 25, 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 2024 | Dec 2023 | Dec 2022 | Jan 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$693,612 | US$256,533 | C$7,517,258 | US$7,754,544 | C$10,503,243 |
| Short-term investments | US$300 | US$111 | C$160 | US$393 | C$533 |
| Total current assets | US$1,015,350 | US$2,730,511 | C$10,898,279 | US$9,936,799 | C$13,459,028 |
| Total current liabilities | US$13,418,579 | US$13,213,403 | C$17,105,904 | US$9,830,235 | C$13,314,690 |
| Working capital | (US$12,403,229) | (US$10,482,892) | (C$6,207,625) | US$106,564 | C$144,338 |
| Exploration and evaluation assets | US$49,700,363 | US$47,407,914 | C$58,445,827 | US$39,175,401 | C$53,061,630 |
| Property, plant and equipment | US$123,739 | US$219,265 | C$396,648 | US$220,320 | C$298,415 |
| Total assets | US$52,725,182 | US$53,720,232 | C$74,073,754 | US$52,531,574 | C$71,152,073 |
| Total liabilities | US$15,483,296 | US$15,314,345 | C$20,005,082 | US$12,188,357 | C$16,508,680 |
| Shareholders' equity | US$37,241,886 | US$38,405,887 | C$54,068,672 | US$40,343,217 | C$54,643,393 |
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 | US$10,088 | US$17,660 | US$11,875 | C$318,807 | C$356,447 |
| Share-based compensation | US$612,880 | US$0 | US$581,012 | C$35,655 | — |
| Impairments and write-downs | — | — | — | C$0 | C$4,112,117 |
| Net income (loss) | (US$2,545,299) | (US$1,201,458) | (US$2,094,033) | (C$610,003) | (C$8,229,915) |
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 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$1,744,390) | (US$1,458,140) | (US$2,219,580) | (C$2,504,042) | (C$1,283,265) |
| Investing cash flow | (US$1,704,370) | US$1,956,765 | (US$4,000,456) | (C$2,838,816) | C$9,385,739 |
| Financing cash flow | US$3,269,941 | (US$52,110) | US$928,942 | C$1,876,774 | C$1,851,652 |
| Exploration spending (capitalized) | (US$1,854,370) | (US$2,026,579) | (US$4,441,188) | (C$4,659,680) | (C$1,646,255) |
| Property, plant and equipment spending | — | US$0 | (US$19,268) | (C$80,270) | (C$16,392) |
| Proceeds from share issues | US$2,290,076 | — | — | — | — |
| Change in cash | (US$203,564) | US$437,079 | (US$5,293,459) | (C$2,985,985) | C$9,750,790 |
| Cash at end of period | US$490,048 | US$693,612 | US$256,533 | C$7,517,258 | C$10,503,243 |
Panoro Minerals Ltd. financings
1 financing announced or closed by Panoro Minerals Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-13 | Panoro Minerals Ltd. (PML) | LIFE offering, brokered | Closed, 1 tranche | $21.0M | $0.950 | Panoro Minerals Ltd. Announces Closing of Upsized Brokered LIFE Offering for Gross Proceeds of C$21,000,000 |