Volcanic Gold Mines Inc. (VG) Financings
TSXV: VG · Gold, Silver · Advanced Exploration stage
- Market cap$4.5M
- Share price$0.075
- 52-week range$0.070 – $0.175
- Shares outstanding59,419,542
- ExchangeTSXV
Volcanic brings together an experienced and successful mining, exploration and capital market team focused on discovering significant mineral resources in underexplored countries. Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold, silver and other critical mineral resources and by undertaking effective exploration and drill programs.
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Volcanic Gold Mines Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 25, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$1,166,437 | C$837,745 | C$3,161,749 | C$5,595,923 | C$8,224,420 |
| Short-term investments | C$64,907 | C$64,907 | C$61,000 | C$61,000 | C$61,000 |
| Total current assets | C$1,498,327 | C$975,306 | C$3,200,585 | C$5,642,693 | C$8,292,843 |
| Exploration and evaluation assets | C$100,000 | C$100,000 | C$304,873 | C$100,000 | C$100,000 |
| Property, plant and equipment | C$7,407 | C$49,813 | C$95,431 | C$141,056 | C$166,948 |
| Total assets | C$1,745,607 | C$1,283,721 | C$3,661,889 | C$5,944,749 | C$8,620,791 |
| Total liabilities | C$264,498 | C$318,799 | C$234,330 | C$265,446 | C$253,094 |
| Shareholders' equity | C$1,481,109 | C$964,922 | C$3,427,559 | C$5,679,303 | C$8,367,697 |
Income statement: annual key figures
Canadian dollars (C$), 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$451,731 | C$1,767,925 | C$1,861,236 | C$2,211,924 | C$3,217,977 |
| General and administrative | C$155,908 | C$192,163 | C$189,640 | C$158,295 | C$154,294 |
| Share-based compensation | C$0 | C$177,034 | C$42,048 | (C$33,990) | C$663,023 |
| Impairments and write-downs | C$0 | (C$204,873) | — | — | — |
| Net income (loss) | (C$1,111,785) | (C$2,639,671) | (C$2,293,792) | (C$2,656,654) | (C$4,400,043) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,276,479) | (C$2,321,849) | (C$2,226,863) | (C$2,611,583) | (C$3,646,568) |
| Investing cash flow | C$0 | (C$2,155) | (C$207,311) | (C$19,164) | (C$195,605) |
| Financing cash flow | C$1,605,171 | — | C$0 | C$2,250 | C$347,063 |
| Exploration spending (capitalized) | — | C$0 | (C$204,873) | — | C$0 |
| Property, plant and equipment spending | C$0 | (C$7,326) | (C$2,438) | (C$40,303) | (C$195,605) |
| Change in cash | C$328,692 | (C$2,324,004) | (C$2,434,174) | (C$2,628,497) | (C$3,495,110) |
| Cash at end of period | C$1,166,437 | C$837,745 | C$3,161,749 | C$5,595,923 | C$8,224,420 |
Volcanic Gold Mines Inc. financings
1 financing announced or closed by Volcanic Gold Mines Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-05-08 | Volcanic Gold Mines Inc. (VG) | Private placement, non-brokered | Closed, 1 tranche | $1.7M | $0.120 | Volcanic Gold announces non-brokered financing of $1.5 million to fund restart of drilling at Holly Property, Guatemala |