Unigold Inc (UGD) Financings
TSXV: UGD · Gold · Development stage
- Market cap$67.9M
- Share price$0.200
- 52-week range$0.155 – $0.465
- Shares outstanding339,303,817
- ExchangeTSXV
- Websiteunigoldinc.com
Unigold is a well-funded (> C$9 million in cash as at March 31, 2026) Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD and on the Frankfurt Stock Exchange under the symbol UGB1. The multi-million ounce Candelones gold deposits are within the 100% owned 'Neita Sur' concession located in Dajabon province, in the northwest part of the Dominican Republic. This 9,990 Ha concession has moved smoothly through various permitting stages and now awaits the granting of an Exploitation Concession. The Company delivered a feasibility study for the oxide portion of the Candelones deposit in Q4 of 2022. The 10,902 Ha 'Neita Norte' Exploration Concession was awarded to the Company in Q2 2023. In early 2024 Unigold completed an earn-in agreement with Barrick Gold which allows Barrick to earn up to a 60% interest in the Neita Norte concession by spending a minimum of $12 million over an eight year period and delivering a Pre-feasibility Study on an identified deposit. Barrick can earn a further 20% in the Neita Norte concession by electing to sole-fund a feasibility study within the following 4 years. The two concessions together form the largest single exposure of the volcanic rocks of the Cretaceous Tireo Formation. This island arc terrain is host to Volcanogenic Massive Sulphide deposits, Intermediate and High Sulphidation Epithermal Systems and Copper-gold porphyry systems. Unigold has identified over 20 areas within the concession areas that host surface expressions of gold systems. Unigold has been concentrating on the multimillion ounce Candelones mineralization and is moving to bring these deposits into production. Unigold has been active in the Dominican Republic since 2002 and continues to receive strong support from the local communities for its exploration and development activities.
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Unigold Inc financial statements
Key figures read from 40 of 40 financial statement filings, Nov 16, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$363,419 | C$149,607 | C$825,738 | C$252,646 | C$3,003,939 |
| Total current assets | C$522,191 | C$266,375 | C$946,612* | C$401,591* | — |
| Property, plant and equipment | C$339,351 | C$457,016 | C$594,705 | C$754,064 | — |
| Total assets | C$861,542 | C$723,391 | C$1,541,317 | C$1,155,655 | C$4,358,777 |
| Total liabilities | C$264,536 | C$351,921 | — | — | — |
| Shareholders' equity | C$597,006 | C$371,470 | — | — | — |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$1,394,382 | C$1,484,994 | C$2,110,957 | C$5,197,022 | C$5,228,240 |
| General and administrative | C$119,233 | C$215,855 | C$291,537 | C$254,876 | C$421,543 |
| Share-based compensation | C$310,399 | C$16,899 | C$148,919 | C$116,907 | C$279,248 |
| Net income (loss) | (C$2,547,613) | (C$2,326,711) | (C$3,172,666) | (C$6,378,144) | (C$7,445,949) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,933,938) | (C$2,187,417) | (C$3,176,231) | (C$5,385,540) | (C$6,619,131) |
| Investing cash flow | — | C$0 | (C$1,597) | (C$85,552) | (C$384,594) |
| Financing cash flow | C$2,147,750 | C$1,511,286 | — | C$2,719,799 | C$5,973,100 |
| Property, plant and equipment spending | — | C$0 | (C$1,597) | (C$85,552) | (C$384,594) |
| Proceeds from share issues | — | C$1,511,286 | — | C$2,684,000 | C$5,615,005 |
| Change in cash | C$213,812 | (C$676,131) | C$573,092 | — | (C$1,030,625) |
| Cash at end of period | C$363,419 | C$149,607 | C$825,738 | C$252,646 | C$3,003,939 |
Unigold Inc financings
2 financings announced or closed by Unigold Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-25 | Unigold Inc (UGD) | Private placement, non-brokered | Closed, 1 tranche | $1.5M | $0.180 | Unigold Announces Closing of Non-Brokered Private Placement of $1,470,060 |
| 2025-09-03 | Unigold Inc (UGD) | Private placement, non-brokered | Closed, 1 tranche | $140K | $0.100 | Unigold Announces Closing of Non-Brokered Private Placement of $140,000 |