Salazar Resources (SRL) Financials
TSXV: SRL · Copper, Gold · Development stage
- Market cap$81.1M
- Share price$0.295
- 52-week range$0.135 – $0.450
- Shares outstanding275,083,597
- ExchangeTSXV
- Websitewww.salazarresources.com
Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) is a Canadian junior exploration company focused on the discovery and development of mineral deposits in Ecuador. The Company's strategy combines in-house geological expertise with a disciplined, systematic approach to project generation and advancement. Alongside a 25% carried interest in the Curipamba-El Domo copper-gold project, currently under construction, Salazar holds a 100%-owned exploration portfolio comprising the Monja, Santiago, Pijilí, El Tigre and Tarqui-Quimi projects across multiple prospective copper-gold belts in Ecuador.
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Salazar Resources financial statements
Key figures read from 39 of 39 financial statement filings, Nov 28, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$984,568 | C$1,611,845 | C$609,303 | C$2,165,730 | C$3,721,815 |
| Total current assets | C$1,722,980 | C$2,384,999 | C$1,795,005 | C$3,827,543 | C$5,161,458 |
| Exploration and evaluation assets | C$9,536,615 | C$6,143,669 | C$6,722,428 | C$7,327,886 | C$7,425,242 |
| Property, plant and equipment | C$685,918 | C$800,134 | C$892,053 | C$1,134,228 | C$1,510,397 |
| Total assets | C$25,579,858 | C$23,382,645 | C$23,832,397 | C$29,274,909 | C$29,178,097 |
| Total liabilities | C$2,021,594 | C$235,217 | C$459,257 | C$619,622 | C$401,923 |
| Shareholders' equity | C$23,558,264 | C$23,147,428 | C$23,373,140 | C$28,655,287 | C$28,776,174 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$560,918 | C$631,262 | C$398,149 | C$106,919 | C$42,368 |
| General and administrative | C$274,141 | C$353,834 | C$249,551 | C$332,340 | C$348,790 |
| Share-based compensation | C$996,317 | C$722,065 | C$352,930 | C$298,068 | C$279,975 |
| Impairments and write-downs | C$0 | (C$34,764) | C$13,372 | C$0 | (C$130,484) |
| Net income (loss) | (C$1,929,103) | (C$5,532,616) | (C$5,675,322) | (C$3,904,786) | C$2,727,621 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,097,186) | (C$1,903,050) | (C$495,467) | C$225,947 | (C$1,557,684) |
| Investing cash flow | (C$921,357) | (C$1,104,192) | (C$1,359,997) | (C$4,499,551) | (C$3,176,617) |
| Financing cash flow | C$1,765,919 | C$3,924,882 | C$408,521 | C$2,618,527 | C$6,739,253 |
| Exploration spending (capitalized) | (C$2,341,423) | (C$1,097,934) | (C$1,177,492) | (C$2,389,435) | (C$3,237,863) |
| Property, plant and equipment spending | (C$26,196) | (C$6,258) | (C$12,791) | (C$102,254) | (C$252,179) |
| Proceeds from share issues | C$1,789,691 | C$3,949,874 | C$408,521 | C$2,638,229 | C$7,150,450 |
| Change in cash | (C$627,277) | C$1,002,542 | (C$1,556,427) | (C$1,556,085) | C$2,375,964 |
| Cash at end of period | C$984,568 | C$1,611,845 | C$609,303 | C$2,165,730 | C$3,721,815 |
Salazar Resources financings
1 financing announced or closed by Salazar Resources, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-17 | Salazar Resources (SRL) | Private placement, non-brokered | Closed, 1 tranche | $3.5M | $0.350 | Salazar Resources Announces Non-Brokered Private Placement of Up to $3.5 Million |