← Galiano Gold Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Share of net income related to joint venture | — | — | — | — | — | — | ($46.5m) | ($31.7m) | ($2.4m) | $0 | — | |
| Net Income | — | — | — | — | — | — | $40.8m |
$26.1m
-36.08%
|
$6.1m
-76.55%
|
($29.3m)
-578.75%
|
$82.8m
+382.67%
|
|
| Net Income From Continuing Operations | — | — | — | — | — | — | $40.8m | $26.1m | $8.5m | ($30.8m) | $82.8m | |
| Profit or Loss | ($13.2m) | $6.6m | ($141.2m) | ($167.9m) | $57.4m | ($68.9m) | $40.8m | $26.1m | $8.5m | ($30.8m) | — | |
| Depreciation and depletion | $53.0m | $64.2m | — | $98k | $163k | $148k | $146k | $143k | $23.7m | $62.9m | — | |
| Amortization | — | $125.6m | $166.6m | $165.0m | $153.8m | $170.9m | $171.5m | $190.2m | $218.4m | $209.7m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $146k | $143k | $23.7m | $62.9m | $63.4m | |
| Deferred income tax expense | — | ($16.3m) | $16.9m | $20.1m | $43.9m | $63.7m | $54.6m | $31.0m | $0 | $23.0m | $0 | |
| Deferred Income Tax | — | — | — | — | — | — | — | — | $0 | $61.3m | $0 | |
| Deferred Tax | — | — | — | — | — | — | — | — | $0 | $61.3m | $0 | |
| Adjustments For Share-Based Payments | $983k | $2.7m | $1.6m | $1.8m | $2.2m | $3.2m | $1.6m | $6.2m | $6.9m | $10.3m | — | |
| Share-based compensation | $983k | $2.7m | $6.6m | $1.8m | $2.2m | $3.2m | $1.6m | $6.2m | $6.9m | $10.3m | $7.4m | |
| Reversal of impairment (Note 10) | — | — | — | — | $0 | $224.3m | $38.2m | $0 | ($57.1m) | ($218.8m) | — | |
| Impairment of El Chanate inventory | — | $0 | $64.0m | $0 | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $7.6m | ($6.0m) | $0 | — | — | $0 | |
| Gain on derecognition of equity investment in joint venture | — | — | — | — | — | — | — | $0 | ($1.4m) | $0 | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($46.5m) | ($31.7m) | ($3.8m) | $0 | $0 | |
| Change in working capital | ($18.7m) | $9.8m | $1.2m | ($3.8m) | $1.5m | ($7.2m) | $7.1m | $1.9m | ($13.8m) | $5.0m | ($31.8m) | |
| Change In Receivables | — | — | — | — | — | — | $5.6m | $678k | $306k | $762k | ($18.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | — | $678k | $1.0m | $43k | ($18.9m) | |
| Inventory net realizable value adjustment | — | — | — | — | — | $0 | $33.9m | $0 | — | — | — | |
| Change In Inventory | — | — | — | — | — | — | — | $0 | $1.2m | ($15.5m) | ($35.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.4m | $1.2m | ($5.0m) | $19.6m | $14.5m | |
| Deferred revenue recognized (Note 14) | — | — | — | — | — | — | — | — | $0 | ($124.6m) | — | |
| Repayment of debt and accrued interest assumed on Argonaut acquisition (Note 6) | — | ($4.4m) | ($4.1m) | ($3.3m) | ($500k) | ($200k) | $0 | $0 | ($308.3m) | ($50.0m) | ($20.4m) | |
| Purchase of other assets | — | — | — | — | — | — | $0 | $0 | ($2.0m) | ($460k) | — | |
| Other | — | $3.6m | $0 | ($4.0m) | — | — | — | — | — | — | — | |
| Expenditures on mineral properties, plant and equipment | ($132.4m) | ($123.8m) | ($221.5m) | ($39k) | ($76k) | ($31k) | ($4k) | ($35k) | ($66.9m) | ($114.9m) | — | |
| Interest capitalized to mineral property, plant and equipment | — | — | — | — | — | — | — | $0 | ($7.7m) | ($17.1m) | — | |
| Capital Expenditure | — | — | — | — | — | ($31k) | ($4k) | ($35k) | ($66.9m) | ($114.9m) | ($139.4m) | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | — | — | ($143.3m) | — | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | — | — | ($2.0m) | ($25.5m) | ($25.1m) | |
| Repayments of current borrowings | — | — | — | $0 | $100.0m | $0 | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($130k) | ($127k) | ($13.4m) | ($19.3m) | ($20.4m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($130k) | ($127k) | ($13.4m) | ($19.3m) | ($20.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($130k) | ($127k) | ($13.4m) | ($19.3m) | ($20.4m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($130k) | ($127k) | ($13.4m) | ($19.3m) | ($20.4m) | |
| Dividends paid (Note 19) | — | ($6) | ($8) | ($16) | ($24) | ($34) | ($35) | ($35) | ($35) | ($40) | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | — | — | ($41k) | ($3.5m) | ($3.5m) | |
| Cash used in financing activities | ($3.9m) |
($10.1m)
-157.78%
|
($8.8m)
+12.45%
|
($665k)
+92.44%
|
($520k)
+21.80%
|
$441k
+184.81%
|
($130k)
-129.48%
|
($108k)
+16.92%
|
($10.6m)
-9712.96%
|
($20.7m)
-95.23%
|
— | |
| Cash and cash equivalents, beginning of year | $59.7m | $49.3m | $200.8m | $31.1m | $62.2m | $53.5m | $56.1m | $55.3m | $105.8m | $108.3m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $53.5m | $56.1m | $55.3m | $105.8m | $114.7m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($96k) | $37k | ($432k) | $2.2m | $84k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Adjustments For Current Tax Of Prior Period | — | — | — | — | $261k | ($170k) | $194k | ($94k) | $52k | — | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | ($1.3m) | ($711k) | ($6.9m) | ($1.9m) | $1.6m | ($4.6m) | $5.6m | $678k | $1.0m | $43k | — | |
| Adjustments For Finance Costs | $13.8m | $17.5m | $10.7m | $35.6m | $35k | $906k | $5.6m | $17k | $38.3m | $17.8m | — | |
| Adjustments For Finance Income | — | — | — | — | $8.3m | $257k | $1.0m | $6.3m | $5.9m | $6.1m | — | |
| Adjustments For Income Tax Expense | — | $11.9m | $17.3m | $12.7m | $30.1m | $5.3m | $10.7m | $52.7m | $0 | $38.3m | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $41.8m | ($1.1m) | ($1.2m) | ($1.7m) | $69k | ($2.3m) | $1.4m | $1.2m | ($14.5m) | $19.6m | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | $2.7m | $194k | ($48k) | $20k | ($187k) | $2k | ($1k) | $7k | ($686k) | ($2.9m) | — | |
| Increase Decrease In Working Capital | $18.7m | ($9.8m) | $29.9m | $3.8m | ($1.5m) | $7.2m | ($7.1m) | ($1.9m) | $13.8m | ($5.0m) | ($31.8m) | |
| Interest Paid Classified As Financing Activities | $5.9m | $13.6m | $8.3m | — | — | — | — | — | — | — | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $39k | $117k | $128k | $130k | $127k | $13.4m | $19.3m | — | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | $958k | $2.3m | $0 | — | — | — | — | — | |
| Proceeds From Issuing Shares | $5.2m | $3.6m | $17.4m | — | — | — | — | — | — | — | — | |
| Net (loss) income for the year | ($13.2m) | $6.6m | ($72.6m) | ($167.9m) | $57.4m | ($68.9m) | $40.8m | $26.1m | $8.5m | ($30.8m) | — | |
| Transaction costs | — | — | — | — | — | — | — | $0 | $2.5m | $0 | — | |
| Finance income | — | — | — | ($871k) | ($8.3m) | ($257k) | ($1.0m) | ($6.3m) | ($5.9m) | ($6.1m) | — | |
| Finance expense | $13.8m | $17.5m | $3.0m | $35.6m | $35k | $906k | $5.6m | $17k | $38.3m | $17.8m | — | |
| Unrealized loss on gold hedge derivative instruments | — | — | — | — | — | — | — | — | $13.6m | $74.6m | — | |
| Unrealized foreign exchange gain | $2.7m | $194k | $4.4m | $20k | ($187k) | $2k | ($1k) | $7k | ($686k) | ($2.9m) | — | |
| Income taxes paid | — | — | — | — | — | — | — | — | $0 | ($34.1m) | — | |
| Deferred consideration paid | — | — | — | — | — | — | — | — | $0 | ($25.0m) | — | |
| Net cash and cash equivalents assumed on acquisition | — | — | — | — | — | — | — | — | $47.5m | $0 | — | |
| Redemption of preferred shares in joint venture | — | — | — | $10.0m | $37.5m | $5.0m | $0 | $0 | $25.0m | $0 | — | |
| Interest received | $435k | $464k | — | $210k | $506k | $407k | $1.0m | $2.9m | $4.7m | $3.4m | $2.5m | |
| Cash (used in) provided by investing activities | ($105.9m) | ($123.4m) | ($196.6m) | $30.2m | $37.9m | $3.9m | $1.0m | $2.9m | $5.8m | ($137.0m) | — | |
| Lease liability payments | — | — | — | ($39k) | ($117k) | ($128k) | ($130k) | ($127k) | ($13.4m) | ($19.3m) | — | |
| Revolving credit facility related costs | — | — | — | — | — | — | — | — | $0 | ($3.5m) | — | |
| Shares issued for cash on exercise of stock options | — | $3.5m | $3.9m | $332k | $1.9m | $569k | $0 | $19k | $2.8m | $2.1m | — | |
| Share issuance costs | — | — | — | — | — | — | — | $0 | ($41k) | $0 | — | |
| Impact of foreign exchange on cash and cash equivalents | ($247k) | ($181k) | ($3.3m) | ($7k) | $36k | ($42k) | ($96k) | $37k | ($432k) | $2.2m | — | |
| Net increase in cash and cash equivalents during the year | ($55.1m) | ($10.3m) | $5.2m | $20.8m | $31.0m | ($8.6m) | $2.6m | ($841k) | $50.5m | $2.6m | — | |
| Loss on commodity derivatives | — | — | — | — | — | — | — | $900k | $24.2m | $230.5m | — | |
| Gain on sale of assets (Note 7) | — | — | — | — | — | — | — | — | $0 | ($231.0m) | — | |
| Settlement of Argonaut legacy gold hedges (Note 13) | — | — | — | — | — | — | — | — | $0 | ($113.5m) | — | |
| Proceeds from gold sale prepayment (Note 14) | — | — | — | — | — | — | — | — | $0 | $50.0m | — | |
| Other items (Note 23) | — | ($1.4m) | $6.5m | ($12.2m) | ($5.1m) | ($3.1m) | ($6.7m) | $11.8m | $11.0m | ($34.0m) | — | |
| Proceeds from disposition of equity securities | — | — | — | $0 | $9.7m | $25.8m | $0 | $100k | $1.0m | $9.8m | — | |
| Investment in equity securities | — | — | — | ($4.0m) | ($3.4m) | ($8.8m) | ($4.0m) | ($2.8m) | ($11.6m) | ($500k) | — | |
| Investment in Argonaut, net of cash acquired (Note 6) | — | — | — | $0 | $19.5m | $0 | — | — | ($30.2m) | $0 | — | |
| Proceeds from sale of assets, net of transaction costs (Note 7) | — | — | — | — | — | — | — | — | $0 | $160.0m | — | |
| Proceeds from draw down of credit facility | — | — | — | $0 | $100.0m | $0 | — | $0 | $250.0m | $0 | — | |
| Repurchase and cancellation of common shares (Note 19) | — | — | — | — | — | ($11.7m) | ($8.2m) | $0 | $0 | ($38.8m) | — | |
| Credit facility transaction, standby fees and interest (Note 15) | — | ($12.2m) | $0 | ($1.2m) | ($1.5m) | ($1.1m) | ($800k) | $0 | ($2.7m) | ($2.6m) | — | |
| Proceeds from issuance of flow-through shares | — | $11.7m | $0 | $7.5m | $0 | $0 | $10.4m | $0 | $10.5m | $0 | — | |
| Proceeds from sale of Esperanza Project (note 8) | — | — | — | — | — | $0 | $5.0m | $0 | — | — | — | |
| Capital Advances | — | — | — | — | $0 | ($9.8m) | $0 | — | — | — | — | |
| Repurchase of Island Gold royalties (note 8(i)) | — | ($6.7m) | $24.9m | $0 | ($54.8m) | ($15.7m) | $0 | — | — | — | — | |
| Proceeds from share purchase plan | — | — | — | $0 | $8.3m | $0 | — | — | — | — | — | |
| Outflows of cash from investing activities | — | — | — | ($11.4m) | ($5.5m) | ($11.7m) | — | — | — | — | — | |
| Loss on redemption of senior secured notes | — | $29.1m | $0 | — | — | — | — | — | — | — | — | |
| Cash received from the acquisition of Richmont (note 5) | — | $46.2m | $0 | — | — | — | — | — | — | — | — | |
| Net proceeds from bought deal financing | — | $239.1m | $0 | — | — | — | — | — | — | — | — | |
| Repayment of senior secured notes | — | ($327.2m) | $0 | — | — | — | — | — | — | — | — | |
| Credit facility transaction fees | — | ($2.1m) | ($800k) | ($1.2m) | — | — | — | — | — | — | — | |
| Purchase and cancellation of common shares (note 11) | — | — | $0 | ($11.4m) | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($130k) | ($108k) | ($10.6m) | ($20.7m) | ($21.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $1.0m | $2.9m | $5.8m | ($137.0m) | ($161.9m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $2.6m | ($841k) | $50.5m | $2.6m | — | |
| Change In Prepaid Assets | — | — | — | — | — | — | $10k | ($9k) | ($765k) | $34k | $8.4m | |
| Changes In Cash | — | — | — | — | — | — | $2.7m | ($878k) | $50.9m | $333k | ($34.7m) | |
| End Cash Position | — | — | — | — | — | — | $56.1m | $55.3m | $105.8m | $108.3m | $79.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($130k) |
($108k)
+16.92%
|
($10.6m)
-9712.96%
|
($20.7m)
-95.23%
|
($21.8m)
-5.57%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.8m | ($3.7m) | ($11.2m) | $43.1m | $9.6m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | — | — | $13.6m | $74.6m | ($8.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | $1.0m | $2.9m | $5.8m | ($137.0m) | ($161.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $70.0m | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($1k) | $7k | ($686k) | ($2.9m) | $737k | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $0 | ($35k) | ($66.9m) | ($114.9m) | ($139.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($46.5m) | ($31.7m) | $9.1m | $71.7m | ($7.6m) | |
| Other Non Cash Items | — | — | — | — | — | — | $4.6m | ($2.9m) | $13.0m | $14.3m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $19k | $2.8m | $2.1m | $2.7m | |
| Purchase Of Business | — | — | — | — | — | — | — | $0 | ($2.5m) | $0 | $0 | |
| Purchase Of PPE | — | $123.8m | $53.9m | $39k | $76k | $31k | $0 | ($35k) | ($66.9m) | ($114.9m) | ($139.4m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $72.5m | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $1.6m | $6.2m | $6.9m | $10.3m | $7.4m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | ($3.4m) | ($1.1m) | ($2.6m) | ($1.9m) |