None
SEDAR Interim Financial Statements
GTWO · Price
[
{
"companyName": "G2 Goldfields Inc.",
"reportingPeriodEnd": "2026-02-28",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"currentAssets": {
"cash": 52480329,
"shortTermInvestments": 608269,
"amountsReceivable": 281046,
"prepaids": 217796,
"totalCurrentAssets": 53587440
},
"nonCurrentAssets": {
"propertyAndEquipment": 4139972,
"miningInterests": 93439294,
"totalNonCurrentAssets": 97579266
},
"totalAssets": 151166706,
"currentLiabilities": {
"accountsPayableAndAccruedLiabilities": 3925858,
"dueToRelatedParties": 49319,
"totalCurrentLiabilities": 3975177
},
"totalLiabilities": 3975177,
"shareholdersEquity": {
"shareCapital": 202039057,
"contributedSurplus": 22143475,
"deficit": -74150709,
"cumulativeTranslationAdjustment": -2840294,
"totalShareholdersEquity": 147191529
},
"totalLiabilitiesAndShareholdersEquity": 151166706,
"cashPerShare": 0.2032,
"workingCapitalPerShare": 0.1921
},
"incomeStatement": {
"threeMonths": {
"revenue": {
"royalties": 533691
},
"operatingExpenses": {
"wagesAndEmployeeBenefits": 640752,
"shareBasedCompensation": 132380,
"transferAgentAndFilingFees": 366951,
"investorAndCommunityRelations": 351809,
"professionalFees": 211237,
"officeAndAdministrative": 132745,
"officeRentAndUtilities": 47234,
"insurance": 18859,
"depreciation": 2384,
"interestExpense": 11824,
"totalOperatingLoss": -1382484
},
"interestIncome": 358593,
"unrealizedGainOnMarketableSecurities": 19043,
"realizedGainOnSaleOfMarketableSecurities": 90315,
"lossOnForeignExchange": -100481,
"netLoss": -1015014,
"otherComprehensiveIncomeLoss": {
"cumulativeTranslationAdjustment": -3308556
},
"lossAndComprehensiveLoss": -4323570,
"lossPerShareBasicAndDiluted": 0,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 258228523
},
"nineMonths": {
"revenue": {
"royalties": 1179497
},
"operatingExpenses": {
"wagesAndEmployeeBenefits": 2678079,
"shareBasedCompensation": 2089354,
"transferAgentAndFilingFees": 1029261,
"investorAndCommunityRelations": 949461,
"professionalFees": 551110,
"officeAndAdministrative": 389428,
"officeRentAndUtilities": 168822,
"insurance": 57806,
"depreciation": 15499,
"interestExpense": 19586,
"totalOperatingLoss": -6768909
},
"interestIncome": 785630,
"unrealizedGainOnMarketableSecurities": 328511,
"realizedGainOnSaleOfMarketableSecurities": 90315,
"lossOnForeignExchange": -355265,
"netLoss": -5919718,
"otherComprehensiveIncomeLoss": {
"cumulativeTranslationAdjustment": -2161269
},
"lossAndComprehensiveLoss": -8080987,
"lossPerShareBasicAndDiluted": -0.02,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 250752072
}
},
"cashFlowStatement": {
"operatingActivities": {
"netLoss": -5919718,
"adjustments": {
"depreciation": 15499,
"shareBasedCompensation": 2089354,
"unrealizedGainOnMarketableSecurities": -328511,
"realizedGainOnSaleOfMarketableSecurities": -90315
},
"changesInNonCashWorkingCapital": {
"amountsReceivable": -45994,
"dueToRelatedParties": -1825,
"prepaidExpenses": 128104,
"accountsPayableAndAccruedLiabilities": 1615971
},
"netCashUsedInOperatingActivities": -2537435
},
"investingActivities": {
"miningInterests": -18724797,
"proceedsOnSaleOfMarketableSecurities": 149840,
"purchaseOfMarketableSecurities": -109083,
"propertyAndEquipment": -97636,
"netCashUsedInInvestingActivities": -18781676
},
"financingActivities": {
"privatePlacements": 49500000,
"shareIssueCosts": -1832028,
"proceedsFromStockOptionsExercised": 2337544,
"netCashProvidedByFinancingActivities": 50005516
},
"foreignExchange": -346873,
"netChangeInCashAndCashEquivalents": 28339532,
"cashBeginningOfPeriod": 24140797,
"cashEndOfPeriod": 52480329
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Short-term investments in marketable securities",
"ownershipPercentage": null,
"value": 508269,
"notes": "Recorded at fair value through profit or loss"
},
{
"type": "Guaranteed Investment Certificates",
"description": "Canadian Guaranteed Investments (GICs)",
"ownershipPercentage": null,
"value": 100000,
"notes": "Designated as FVTPL, fair value determined by risk-free market rate"
},
{
"type": "Mineral Properties",
"description": "Mining interests in Guyana projects",
"ownershipPercentage": 100,
"value": 93439294,
"notes": "Includes Oko, Ghanie, Amsterdam, Tiger Creek, Aremu, and other option agreements"
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 258464024,
"classesOfShares": [
"common"
],
"warrants": [],
"options": [
{
"number": 3000000,
"exercisePrice": 0.75,
"expiryDate": "2025-11-08"
},
{
"number": 250000,
"exercisePrice": 0.75,
"expiryDate": "2025-11-23"
},
{
"number": 1125000,
"exercisePrice": 0.75,
"expiryDate": "2025-11-28"
},
{
"number": 300000,
"exercisePrice": 0.85,
"expiryDate": "2026-03-03"
},
{
"number": 1490000,
"exercisePrice": 1.04,
"expiryDate": "2027-04-10"
},
{
"number": 2700000,
"exercisePrice": 1.31,
"expiryDate": "2027-04-25"
},
{
"number": 500000,
"exercisePrice": 1.65,
"expiryDate": "2027-04-25"
},
{
"number": 500000,
"exercisePrice": 1.34,
"expiryDate": "2027-06-21"
},
{
"number": 1703700,
"exercisePrice": 1.43,
"expiryDate": "2027-08-28"
},
{
"number": 8107500,
"exercisePrice": 2.08,
"expiryDate": "2027-12-17"
},
{
"number": 150000,
"exercisePrice": 2.15,
"expiryDate": "2028-01-08"
},
{
"number": 100000,
"exercisePrice": 2.56,
"expiryDate": "2028-02-07"
},
{
"number": 612500,
"exercisePrice": 2.99,
"expiryDate": "2028-05-15"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonths": {
"salariesAndFees": 410744,
"stockBasedCompensation": 255300,
"total": 666044
},
"nineMonths": {
"salariesAndFees": 2060288,
"stockBasedCompensation": 1508453,
"total": 3568741
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "officers and directors",
"description": "Amounts due to related parties for compensation and reimbursements",
"amount": 49319,
"period": "As at February 28, 2026"
},
{
"counterparty": "officer and director",
"description": "Advance for business expenses (included in prepaid expenses)",
"amount": 22185,
"period": "As at February 28, 2026"
},
{
"counterparty": "companies controlled by an officer",
"description": "Accounts payable and accrued liabilities",
"amount": 140511,
"period": "As at February 28, 2026"
},
{
"counterparty": "companies with common directors and officers",
"description": "Rent owing",
"amount": 80000,
"period": "As at February 28, 2026"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-04-09",
"description": "Entered into a definitive agreement with G Mining Ventures Corp. and G3 Goldfields Inc. for a plan of arrangement whereby GMIN will acquire all issued and outstanding shares of G2. G2 shareholders will receive 0.212 GMIN common shares per G2 share and shares in a new spin-out company (G3 SpinCo) holding certain properties. The transaction includes a contingent value right based on future resource thresholds.",
"impactValue": null
}
]
}
]
More from G2 Goldfields Inc.
Jun 22, 2026 · 07:00