Q-Gold Resources Ltd. (QGR) Financings
TSXV: QGR · Gold · Advanced Exploration stage
- Market cap$34.9M
- Share price$0.180
- 52-week range$0.130 – $0.390
- Shares outstanding194,055,890
- ExchangeTSXV
- Websiteqgoldresources.com
QGold is a gold exploration and development company advancing the Quartz Mountain Gold Project in Oregon, USA, and holds an interest in the Foley Gold Mine project in Mine Centre, Ontario, Canada. The Company's shares are listed on the TSX Venture Exchange under the symbol 'QGR', the OTCQB market in the United States under 'QGLDF', and the Börse Frankfurt exchange under 'QX9G'. QGold is committed to progressing its portfolio of gold and silver assets toward production, with its primary focus on its flagship Quartz Mountain Gold Project in Oregon (USA) and the Mine Centre Gold Project in Ontario (Canada). QGold focuses on resource expansion through systematic exploration, disciplined project development backed by rigorous technical work, and responsible environmental stewardship in mining-friendly jurisdictions with established infrastructure.
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Q-Gold Resources Ltd. financial statements
Key figures read from 41 of 41 financial statement filings, Nov 29, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$4,665,022 | C$718,716 | C$10,476 | C$237,436 | C$44,566 |
| Total current assets | C$5,735,224 | C$828,704 | C$93,203 | C$466,357 | C$1,393,106 |
| Total current liabilities | C$6,641,996 | — | — | — | — |
| Working capital | (C$906,772) | — | — | — | — |
| Property, plant and equipment | C$1,253 | C$3,357 | C$7,953 | C$15,170 | C$14,878 |
| Total assets | C$5,736,477 | C$832,061 | C$101,156 | C$481,527 | C$1,407,984 |
| Debt | C$401,387 | C$358,381 | C$315,416 | C$285,416 | C$255,260 |
| Total liabilities | C$11,286,915 | C$2,446,192 | C$1,985,946 | C$1,754,314 | C$921,976 |
| Shareholders' equity | — | — | — | — | C$486,008 |
Income statement: annual key figures
Canadian dollars (C$), 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$17,298,931 | C$37,923 | C$99,533 | C$1,204,955 | C$1,656,549 |
| General and administrative | C$1,579,259 | C$282,771 | C$76,396 | C$79,646 | C$88,134 |
| Share-based compensation | C$2,305,004 | — | C$0 | C$199,439 | C$179,170 |
| Net income (loss) | (C$22,235,079) | (C$439,688) | (C$612,003) | (C$1,973,034) | (C$2,321,373) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$8,320,994) | (C$72,560) | (C$226,960) | (C$800,675) | (C$1,966,330) |
| Investing cash flow | — | — | C$0 | (C$6,255) | (C$269,117) |
| Financing cash flow | C$12,267,300 | C$780,800 | C$0 | C$999,800 | C$1,832,500 |
| Change in cash | C$3,946,306 | C$708,240 | (C$226,960) | C$192,870 | (C$402,947) |
| Cash at end of period | C$4,665,022 | C$718,716 | C$10,476 | C$237,436 | C$44,566 |
Q-Gold Resources Ltd. financings
3 financings announced or closed by Q-Gold Resources Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-09 | Q-Gold Resources Ltd. (QGR) | Flow-through, brokered | Closed, 1 tranche | $2.0M | $0.350 | QGold Announces $2,000,000 Private Placement Flow-Through Financing |
| 2025-10-22 | Q-Gold Resources Ltd. (QGR) | Private placement | Closed, 1 tranche | US$11.5M | — | QGold Closes Acquisition of Option on Quartz Mountain Advanced Gold Project in Oregon, U.S.A and Satisfies Release Conditions for $11,500,000 Escrowed Financing |
| 2025-08-29 | Q-Gold Resources Ltd. (QGR) | Private placement, brokered | Closed, 1 tranche | $11.5M | $0.150 | Q-Gold Announces $10,000,000 Financing to complete acquisition of Quartz Mountain Gold project in Oregon, USA and advance Mine Centre Camp in Ontario, Canada |