Spanish Mountain Gold Ltd. (SPA) Financings
TSXV: SPA · Gold · Development stage
- Market cap$107.6M
- Share price$0.200
- 52-week range$0.120 – $0.420
- Shares outstanding538,101,157
- ExchangeTSXV
- Websitewww.spanishmountaingold.com
Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold project towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. On May 1, 2026, the Company received the first instalment of US$22.5 million in connection with the sale of a 1.5% NSR to Wheaton Precious Metals for US$55 million (see news release from May 1, 2026). In Q2 2026, the Company initiated a feasibility study on the Project, which is fully funded and will position the Company to make a construction decision in 2028. The Company is seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities, which the Company terms 'The Relentless Pursuit of Better Gold'.
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Spanish Mountain Gold Ltd. financial statements
Key figures read from 15 of 38 financial statement filings, Nov 28, 2016 to Jun 1, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2024 | Dec 2023 | Dec 2022 | |
|---|---|---|---|
| Cash and equivalents | C$6,873,687 | C$3,307,002 | C$2,815,985 |
| Short-term investments | — | C$0 | C$250,000 |
| Total current assets | C$7,203,896* | C$3,584,984* | C$3,155,114* |
| Total current liabilities | C$877,901 | C$464,640 | C$1,237,989 |
| Working capital | C$6,325,995 | C$3,120,344 | C$1,917,125 |
| Exploration and evaluation assets | C$98,329,390 | C$92,508,138 | C$89,740,340 |
| Property, plant and equipment | C$952,882 | C$1,059,511 | C$1,156,949 |
| Total assets | C$106,587,612 | C$97,254,077 | C$94,153,847 |
| Debt | — | C$0 | C$40,000 |
| Total liabilities | C$1,602,200 | C$695,600 | C$1,733,721 |
| Shareholders' equity | C$104,985,412 | C$96,558,477 | C$92,420,126 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | |
|---|---|---|---|
| General and administrative | C$635,355 | C$386,946 | C$113,889 |
| Share-based compensation | C$488,210 | C$111,355 | C$305,460 |
| Net income (loss) | (C$2,465,246) | (C$2,345,423) | (C$1,044,280) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | |
|---|---|---|---|
| Operating cash flow | (C$1,761,197) | (C$2,276,126) | (C$464,791) |
| Investing cash flow | (C$5,548,286) | (C$3,289,472) | (C$4,487,685) |
| Financing cash flow | C$10,789,447 | C$6,056,615 | C$1,080,097 |
| Exploration spending (capitalized) | (C$5,545,863) | (C$3,484,171) | (C$4,463,811) |
| Proceeds from share issues | C$11,809,984 | C$5,909,769 | C$1,138,225 |
| Cash at end of period | C$6,873,687 | C$3,307,002 | C$2,815,985 |
Spanish Mountain Gold Ltd. financings
1 financing announced or closed by Spanish Mountain Gold Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-01 | Spanish Mountain Gold Ltd. (SPA) | Stream | Tranche closed, 1 tranche | US$22.5M | — | Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing and Receipt of US$22.5 Million |