None
SEDAR Interim Financial Statements
GLDC · Price
[
{
"companyName": "Cassiar Gold Corp.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cashAndCashEquivalents": 2372105,
"otherReceivables": 107291,
"prepaids": 271292,
"totalCurrentAssets": 2750688,
"propertyAndEquipment": 272789,
"deposits": 1951000,
"explorationAndEvaluationAssets": 9467398,
"totalNonCurrentAssets": 11691187,
"totalAssets": 14441875,
"tradePayablesAndAccruedLiabilities": 743680,
"flowThroughShareLiability": 518532,
"totalCurrentLiabilities": 1262212,
"assetsRetirementObligation": 3725702,
"totalNonCurrentLiabilities": 3725702,
"totalLiabilities": 4987914,
"shareCapital": 60277030,
"warrants": 1215548,
"contributedSurplus": 23762528,
"deficit": -75801145,
"totalShareholdersEquity": 9453961,
"totalLiabilitiesAndEquity": 14441875,
"cashPerShare": 0.0161,
"workingCapitalPerShare": 0.0101
},
"incomeStatement": {
"consulting": 0,
"depreciation": 7122,
"explorationAndEvaluationExpenditure": 1053378,
"managementFees": 93000,
"marketing": 205795,
"officeAndAdministrative": 27086,
"professionalFees": 44641,
"shareBasedCompensation": 196579,
"travelAndMeals": 14588,
"totalExpenses": 1642189,
"interestIncome": 32296,
"flowThroughSharePremium": 275861,
"accretion": -29294,
"subLeaseIncome": 0,
"writeOffOfReceivables": 0,
"netLossAndComprehensiveLoss": -1363326,
"basicAndDilutedLossPerCommonShare": -0.01,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 147441800
},
"cashFlowStatement": {
"netLossForThePeriod": -1363326,
"depreciation": 7122,
"shareBasedCompensation": 196579,
"flowThroughSharePremium": -275861,
"interestOnLeaseLiability": 0,
"interestIncome": -32296,
"accretion": 29294,
"writeOffOfReceivables": 0,
"changesInOtherReceivables": 125865,
"changesInPrepaids": 63882,
"changesInDeposits": 0,
"changesInTradePayablesAndAccruedLiabilities": -834794,
"netCashUsedInOperatingActivities": -2083535,
"interestIncomeReceived": 19057,
"leasePayments": 0,
"proceedsFromShareAndWarrantsIssuanceNetOfCost": -57926,
"netCashProvidedByFinancingActivities": -38869,
"changeInCashForThePeriod": -2122404,
"cashBeginningOfThePeriod": 4494509,
"cashEndOfThePeriod": 2372105
},
"investmentsAndOtherAssets": [
{
"type": "Mineral/Resource Properties",
"description": "Cassiar Gold Project - 100% interest acquired via option agreement with Wildsky Resources Inc.",
"ownershipPercentage": 100,
"value": 8429636,
"notes": "Acquisition deemed value: $3,259,200 in Common Shares. Liabilities assumed: $3,725,702 ARO."
},
{
"type": "Mineral/Resource Properties",
"description": "Sheep Creek Gold District Project (Bayonne and Sheep Creek properties) - 100% interest acquired via option agreement with Yellowstone Resources Ltd.",
"ownershipPercentage": 100,
"value": 1037762,
"notes": "Acquired through cash payments and share issuances over several years."
},
{
"type": "Deposits",
"description": "Reclamation bonds and cash deposit with the Ministry of Energy and Mines of British Columbia",
"ownershipPercentage": null,
"value": 1951000,
"notes": "Commitments to meet regulatory obligations."
}
],
"shareStructure": {
"authorizedShares": "Unlimited number of common shares",
"issuedShares": 147441800,
"classesOfShares": ["Common shares"],
"warrants": [
{
"number": 21852019,
"exercisePrice": 0.5,
"expiryDate": "2026-05-03"
},
{
"number": 1066428,
"exercisePrice": 0.5,
"expiryDate": "2026-10-08"
},
{
"number": 17928298,
"exercisePrice": 0.5,
"expiryDate": "2027-07-29"
}
],
"options": [
{
"number": 1615668,
"exercisePrice": 0.6,
"expiryDate": "2026-03-22"
},
{
"number": 395000,
"exercisePrice": 0.79,
"expiryDate": "2026-11-15"
},
{
"number": 1795000,
"exercisePrice": 0.66,
"expiryDate": "2027-09-13"
},
{
"number": 1255000,
"exercisePrice": 0.345,
"expiryDate": "2028-09-22"
},
{
"number": 1145000,
"exercisePrice": 0.28,
"expiryDate": "2029-05-03"
},
{
"number": 150000,
"exercisePrice": 0.28,
"expiryDate": "2029-08-22"
},
{
"number": 1330000,
"exercisePrice": 0.23,
"expiryDate": "2030-04-16"
},
{
"number": 2270000,
"exercisePrice": 0.29,
"expiryDate": "2030-12-02"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": ["2025-12-31", "2024-12-31"],
"namedIndividuals": [
{
"name": "Marco Roque",
"title": "President, Chief Executive Officer, Director",
"period": "2025-12-31",
"components": {
"salary": 75000,
"bonus": null,
"total": 137560
}
},
{
"name": "Michael Wood",
"title": "Chief Financial Officer, Director",
"period": "2025-12-31",
"components": {
"salary": 18000,
"bonus": null,
"total": 34678
}
},
{
"name": "Jill Maxwell",
"title": "VP of Exploration",
"period": "2025-12-31",
"components": {
"salary": 67813,
"bonus": null,
"total": 83481
}
},
{
"name": "Stephen Letwin",
"title": "Director",
"period": "2025-12-31",
"components": {
"salary": 0,
"bonus": null,
"total": 16822
}
},
{
"name": "James Maxwell",
"title": "Director",
"period": "2025-12-31",
"components": {
"salary": 0,
"bonus": null,
"total": 11950
}
},
{
"name": "Christopher Stewart",
"title": "Director",
"period": "2025-12-31",
"components": {
"salary": 0,
"bonus": null,
"total": 11950
}
},
{
"name": "Stephen Robertson",
"title": "Director",
"period": "2025-12-31",
"components": {
"salary": 3844,
"bonus": null,
"total": 15794
}
}
],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Subsequent to the quarter-end, 60,000 warrants were exercised.",
"impactValue": null
}
]
}
]
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