Southern Cross Gold Consolidated Ltd (SXGC) Financings
TSX: SXGC · Gold, Antimony · Exploration stage
- Market cap$2.71B
- Share price$10.06
- 52-week range$6.16 – $13.60
- Shares outstanding269,653,562
- ExchangeTSX
- Websitewww.southerncrossgold.com
Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF), is defining a leading gold-antimony project at the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne. Sunday Creek is a significant gold and antimony drill discovery in a Tier 1 location, with high-grade drill results including 98 composite intersections exceeding 100 g/t Au from 142.5 km of drilling (including historic drilling). The mineralization follows a 'Golden Ladder' structure over 12 km of interpreted strike length, with structures drill tested from surface to 1,200 m depth. Sunday Creek's strategic value is enhanced by its dual-metal profile. The Company has a critical mineral that the Western world needs. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier. Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93% to 98% through gravity and flotation. With a strong cash position, 2,296 Ha of strategic freehold land ownership, and a large 200 km drill program planned through Q1 2027, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction, delivering milestone by milestone.
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Southern Cross Gold Consolidated Ltd financial statements
Key figures read from 39 of 39 financial statement filings, Oct 13, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| May 2026 | May 2025 | May 2024 | May 2023 | May 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$119,129,501 | C$151,212,676 | C$15,497,519 | C$14,680,432 | C$12,141,196 |
| Total current assets | C$121,059,511 | C$151,803,775 | C$15,864,902 | C$14,992,588 | C$12,412,612 |
| Total current liabilities | C$6,561,633 | C$2,957,031 | C$1,480,176 | C$1,879,469 | — |
| Working capital | C$114,497,878 | C$148,846,744 | C$14,384,726 | C$13,113,119 | — |
| Exploration and evaluation assets | C$119,617,908 | C$74,687,028 | C$20,522,968 | C$56,160,996 | C$49,643,198 |
| Property, plant and equipment | C$31,673,406 | C$16,539,752 | C$3,256,581 | C$2,096,311 | C$1,935,365 |
| Total assets | C$275,562,081 | C$245,163,954 | C$40,409,261 | C$76,223,760 | C$66,539,631 |
| Total liabilities | C$8,666,895 | C$4,023,837 | C$1,583,695 | C$2,589,566 | C$1,025,162 |
| Shareholders' equity | C$266,895,186 | C$241,140,117 | C$38,825,566 | C$73,634,194 | C$65,514,469 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | C$468 | C$52,649 | C$99,713 |
| General and administrative | — | — | C$580,782 | C$1,150,492 | C$752,427 |
| Share-based compensation | C$455,577 | C$1,572,732 | C$2,341,645 | C$1,727,705 | C$497,245 |
| Net income (loss) | (C$5,475,812) | (C$8,074,009) | (C$47,374,411) | (C$6,635,579) | (C$4,145,387) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,319,714) | (C$8,066,100) | (C$3,266,634) | (C$1,609,812) | (C$2,687,266) |
| Investing cash flow | (C$46,527,018) | C$1,453,120 | (C$5,853,855) | (C$7,343,886) | (C$7,619,320) |
| Financing cash flow | C$7,793,018 | C$142,761,373 | C$10,468,253 | C$11,736,401 | C$15,104,746 |
| Exploration spending (capitalized) | (C$32,205,649) | (C$12,373,607) | (C$11,038,994) | (C$6,915,621) | (C$5,585,200) |
| Property, plant and equipment spending | (C$12,612,059) | (C$2,470,415) | (C$1,198,799) | (C$279,614) | (C$1,869,056) |
| Proceeds from share issues | C$8,115,534 | C$146,258,665 | C$10,568,350 | C$11,791,751 | C$7,970,358 |
| Change in cash | (C$32,083,175) | C$135,715,157 | C$817,087 | C$2,539,236 | C$4,754,789 |
| Cash at end of period | C$119,129,501 | C$0 | — | C$14,680,432 | C$12,141,196 |
Southern Cross Gold Consolidated Ltd financings
2 financings announced or closed by Southern Cross Gold Consolidated Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-05-06 | Southern Cross Gold Consolidated Ltd (SXGC) | Private placement, brokered | Tranche closed, 2 tranches | AUD $324.0M | — | Southern Cross Gold Closes First Tranche of Private Placement |
| 2023-10-31 | Southern Cross Gold Consolidated Ltd (SXGC) | Private placement, non-brokered | Announced | $15.0M | $1.00 | Mawson and Spring�de Provide Update on the Spring�de Transac�on and Financing |