Westhaven Gold Corp (WHN) Financings
TSXV: WHN · Gold, Silver · Advanced Exploration stage
- Market cap$73.6M
- Share price$0.280
- 52-week range$0.155 – $0.430
- Shares outstanding262,954,268
- ExchangeTSXV
- Websitewww.westhavengold.com
Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four properties spread along this underexplored belt. The Shovelnose gold and silver project is the most advanced property, with a 2025 updated Preliminary Economic Assessment that validates the project's potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$10=US$0.72). 1 On February 23, 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation, whereby Dundee may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m drill program and pre-feasibility work at Shovelnose. The agreement allows for the accelerated exploration and evaluation of one of Canada's most compelling, undeveloped, high-margin gold and silver assets.
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Westhaven Gold Corp financial statements
Key figures read from 40 of 41 financial statement filings, Nov 25, 2016 to Aug 18, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$1,495,634 | C$2,698,525 | C$1,223,184 | C$3,810,775 | C$3,819,676 |
| Short-term investments | — | — | C$0 | C$4,000,000 | — |
| Total current assets | C$2,111,028* | C$2,806,588* | C$1,778,630* | C$10,178,241* | C$5,954,780* |
| Exploration and evaluation assets | C$43,118,104 | C$36,855,645 | C$30,596,239 | C$23,940,813 | C$24,366,812 |
| Property, plant and equipment | C$273,268 | C$304,094 | C$269,010 | C$186,244 | C$103,609 |
| Total assets | C$45,833,248 | C$40,138,618 | C$32,945,260 | C$34,585,190 | C$30,558,285 |
| Debt | C$34,949 | C$62,059 | C$90,503 | C$118,124 | C$15,327 |
| Shareholders' equity | C$42,170,899 | C$37,142,782 | C$31,581,752 | C$33,277,645 | C$29,712,560 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| General and administrative | C$68,944 | C$37,577 | C$36,185 | C$43,300 | C$32,521 |
| Share-based compensation | C$124,100 | C$392,000 | C$478,125 | C$0 | C$710,359 |
| Net income (loss) | (C$2,537,882) | (C$2,576,471) | (C$2,635,194) | (C$1,249,352) | (C$2,049,316) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,643,589) | (C$1,696,806) | (C$2,015,818) | (C$1,566,998) | (C$1,362,510) |
| Investing cash flow | (C$5,353,006) | (C$900,547) | (C$3,308,662) | (C$8,435,818) | (C$7,820,819) |
| Financing cash flow | C$8,471,936 | C$9,762 | C$5,315,579 | C$13,690,989 | C$4,987,520 |
| Exploration spending (capitalized) | (C$5,227,025) | (C$4,708,465) | (C$8,421,277) | (C$8,434,618) | (C$7,692,244) |
| Cash at end of period | C$2,698,525 | C$1,223,184 | C$3,810,775 | C$3,819,676 | C$131,503 |
Westhaven Gold Corp financings
1 financing announced or closed by Westhaven Gold Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-02 | Westhaven Gold Corp (WHN) | Private placement | Closed, 1 tranche | $3.0M | $0.250 | Westhaven Closes CDN$3 Million Private Placement with Dundee Corporation |