Wescan Goldfields Inc (WGF) Financings
TSXV: WGF · Gold · Advanced Exploration stage
- Market cap$6.2M
- Share price$0.080
- 52-week range$0.030 – $0.280
- Shares outstanding77,118,557
- ExchangeTSXV
- Websitewescangoldfields.com
Wescan Goldfields Inc. is a Canadian junior exploration company focused on the exploration and development of gold projects in Saskatchewan's historic La Ronge Gold Belt. The Company holds a 100% interest in four gold projects: the Munro Lake Project, the Jojay Lake Project, which hosts the Jojay gold deposit, and the Fork Lake Project, which hosts the past-producing Jasper gold mine and the recently acquired Lindsey Lake Project. The Jojay gold deposit is the subject of a 2010 NI 43-101 compliant mineral resource estimate completed by A.C.A. Howe International Limited, comprising an Indicated Resource of 420,000 tonnes grading 3.7 g/t gold and an Inferred Resource of 630,000 tonnes grading 4.3 g/t gold (at a 2 g/t gold cut-off). The Jasper gold mine was operated by Cameco Corporation in the early 1990s and produced approximately 155,000 tons at a grade of approximately 18.5 g/t gold prior to its closure. The locations of the Company's projects are shown in Figure 3. Shares of Wescan trade on the TSX Venture Exchange under the symbol 'WGF'.
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Wescan Goldfields Inc financial statements
Key figures read from 40 of 41 financial statement filings, Nov 29, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$569,471 | C$1,275 | C$77,487 | C$218,744 | C$3,364 |
| Total current assets | — | C$2,763* | C$83,359* | C$219,976* | C$4,856* |
| Total current liabilities | C$486,656 | C$149,505 | C$62,151 | C$25,306 | C$22,321 |
| Working capital | — | (C$146,742) | C$21,208 | C$194,670 | (C$17,465) |
| Property, plant and equipment | C$0 | C$800 | C$999 | C$1,252 | C$1,565 |
| Total assets | C$576,352 | C$3,563 | C$84,358 | C$221,228 | C$6,421 |
| Debt | C$320,000 | C$100,000 | — | — | — |
| Shareholders' equity | C$14,176 | (C$221,462) | (C$53,313) | C$120,402 | (C$91,420) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$54,849 | C$16,882 | C$117,858 | C$25,854 | C$0 |
| Share-based compensation | C$95,500 | — | — | — | — |
| Net income (loss) | (C$371,534) | (C$168,149) | (C$351,597) | (C$134,055) | (C$132,901) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$163,476)* | (C$176,212)* | (C$325,139)* | (C$130,497)* | — |
| Financing cash flow | C$731,672* | C$100,000* | C$183,882* | C$345,877* | — |
| Change in cash | C$568,196 | (C$76,212) | (C$141,257) | C$215,380 | (C$57,976) |
| Cash at end of period | C$569,471 | C$1,275 | C$77,487 | C$218,744 | C$3,364 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Wescan Goldfields Inc yet.