NYSEAMERICAN : GLDG
GoldMining Inc. — Financial statements
Materials · Gold · Canada
Last price 0.73 USD (Oct 30, 2026, 9:32 AM EDT) · Market cap 158.34M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year December - November; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 14.25M | 13.94M | 13.14M | 13.81M | 9.27M | 6.42M |
| Other Operating Expenses | -2.26M | -2.70M | -1.36M | 4.00K | ||
| Operating Expenses | 38.79M | 25.89M | 24.05M | 25.12M | 13.62M | 12.03M |
| Operating Income | -38.79M | -25.89M | -24.05M | -25.12M | -13.62M | -12.03M |
| Interest Expense | -1.27M | -1.73M | -136.00K | |||
| Interest & Investment Income | 649.00K | 314.00K | 710.00K | 1.51M | 855.00K | 8.00K |
| Earnings From Equity Investments | -7.00K | -397.00K | -1.53M | -156.00K | -59.00K | -2.93M |
| Currency Exchange Gain (Loss) | -27.00K | 52.00K | -291.00K | 56.00K | -683.00K | -116.00K |
| Other Non Operating Income (Expenses) | -1.88M | 17.00K | -90.00K | 24.00K | -12.00K | -10.00K |
| EBT Excluding Unusual Items | -40.05M | -25.90M | -25.25M | -24.95M | -15.25M | -15.22M |
| Gain (Loss) on Sale of Investments | 486.00K | -180.00K | 123.65M | |||
| Legal Settlements | 760.00K | |||||
| Other Unusual Items | -422.00K | 844.00K | ||||
| Pretax Income | -40.05M | -25.41M | -25.25M | -25.55M | -14.41M | 109.19M |
| Income Tax Expense | 1.59M | -10.08M | 2.10M | 4.90M | -1.21M | 9.01M |
| Earnings From Continuing Operations | -41.65M | -15.33M | -27.35M | -30.45M | -13.20M | 100.18M |
| Minority Interest in Earnings | 5.28M | 1.85M | 2.06M | 1.69M | 171.00K | |
| Net Income | -36.37M | -13.48M | -25.29M | -28.76M | -13.20M | 100.36M |
| Net Income to Common | -36.37M | -13.48M | -25.29M | -28.76M | -13.20M | 100.36M |
| Shares Outstanding (Basic) | 211.63M | 199.06M | 187.83M | 171.90M | 154.05M | 149.41M |
| Shares Outstanding (Diluted) | 211.63M | 199.06M | 187.83M | 171.90M | 154.05M | 152.51M |
| EPS (Basic) | -0.17 | -0.07 | -0.13 | -0.17 | -0.09 | 0.67 |
| EPS (Diluted) | -0.17 | -0.07 | -0.13 | -0.17 | -0.09 | 0.66 |
| Free Cash Flow | -32.94M | -23.22M | -23.08M | -22.50M | -11.13M | -7.97M |
| Free Cash Flow Per Share | -0.16 | -0.12 | -0.12 | -0.13 | -0.07 | -0.05 |
| EBITDA | -38.57M | -25.63M | -23.74M | -23.17M | -13.49M | -11.95M |
| D&A For EBITDA | 222.00K | 255.00K | 306.00K | 1.95M | 132.00K | 81.00K |
| EBIT | -38.79M | -25.89M | -24.05M | -25.12M | -13.62M | -12.03M |
| Effective Tax Rate | 8.25% |
Balance sheet
Fiscal year December - November; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.68M | 24.94M | 11.88M | 21.59M | 8.32M | 11.66M |
| Short-Term Investments | 30.26M | 1.38M | 18.00K | 50.00K | ||
| Cash & Short-Term Investments | 46.93M | 26.32M | 11.90M | 21.59M | 8.32M | 11.71M |
| Other Receivables | 56.00K | 158.00K | 594.00K | 374.00K | 40.00K | |
| Receivables | 56.00K | 158.00K | 594.00K | 374.00K | 40.00K | |
| Prepaid Expenses | 970.00K | 555.00K | 893.00K | 1.38M | 348.00K | 529.00K |
| Restricted Cash | 60.00K | 122.00K | 118.00K | |||
| Other Current Assets | 1.50M | 491.00K | 403.00K | 47.00K | 151.00K | |
| Total Current Assets | 49.45M | 27.58M | 13.32M | 23.73M | 9.20M | 12.28M |
| Property, Plant & Equipment | 61.23M | 60.95M | 59.85M | 60.05M | 58.61M | 56.27M |
| Long-Term Investments | 99.77M | 148.93M | 47.30M | 52.61M | 78.99M | 131.09M |
| Other Long-Term Assets | 494.00K | 494.00K | 494.00K | 524.00K | 524.00K | |
| Total Assets | 210.45M | 237.96M | 120.96M | 136.88M | 147.33M | 200.16M |
| Accounts Payable | 2.68M | 2.17M | 1.60M | 1.76M | 1.72M | 992.00K |
| Accrued Expenses | 27.00K | 268.00K | 274.00K | 239.00K | 170.00K | 21.00K |
| Short-Term Debt | 8.82M | 12.48M | ||||
| Current Portion of Leases | 107.00K | 100.00K | 88.00K | 66.00K | 90.00K | 54.00K |
| Current Income Taxes Payable | 89.00K | 1.99M | 7.00K | |||
| Other Current Liabilities | 28.00K | 282.00K | 279.00K | 275.00K | 184.00K | 25.00K |
| Total Current Liabilities | 2.85M | 2.91M | 4.24M | 2.34M | 10.99M | 13.57M |
| Long-Term Debt | 40.00K | |||||
| Long-Term Leases | 118.00K | 199.00K | 299.00K | 329.00K | 162.00K | 70.00K |
| Long-Term Deferred Tax Liabilities | 4.16M | 3.93M | 246.00K | 904.00K | 296.00K | 9.87M |
| Other Long-Term Liabilities | 1.32M | 1.33M | 1.02M | 888.00K | 791.00K | 900.00K |
| Total Liabilities | 8.45M | 8.36M | 5.80M | 4.46M | 12.24M | 24.45M |
| Common Stock | 226.58M | 214.39M | 190.78M | 176.58M | 150.88M | 131.08M |
| Retained Earnings | -28.71M | -7.70M | -4.44M | 20.18M | 27.98M | 41.18M |
| Comprehensive Income & Other | 2.16M | 20.11M | -72.59M | -67.52M | -43.77M | 3.44M |
| Total Common Equity | 200.02M | 226.79M | 113.76M | 129.24M | 135.09M | 175.70M |
| Minority Interest | 1.99M | 2.81M | 1.40M | 3.17M | ||
| Shareholders' Equity | 202.01M | 229.60M | 115.16M | 132.41M | 135.09M | 175.70M |
| Total Liabilities & Equity | 210.45M | 237.96M | 120.96M | 136.88M | 147.33M | 200.16M |
| Total Debt | 225.00K | 299.00K | 387.00K | 395.00K | 9.08M | 12.65M |
| Net Cash (Debt) | 46.71M | 26.02M | 11.51M | 21.19M | -751.00K | -938.00K |
| Net Cash Per Share | 0.22 | 0.13 | 0.06 | 0.12 | -0.00 | -0.01 |
| Filing Date Shares Outstanding | 215.48M | 213.76M | 195.94M | 183.84M | 168.13M | 150.45M |
| Total Common Shares Outstanding | 215.48M | 209.25M | 194.74M | 183.26M | 163.67M | 150.24M |
| Working Capital | 46.61M | 24.67M | 9.08M | 21.38M | -1.79M | -1.30M |
| Book Value Per Share | 0.93 | 1.08 | 0.58 | 0.71 | 0.83 | 1.17 |
| Tangible Book Value | 200.02M | 226.79M | 113.76M | 129.24M | 135.09M | 175.70M |
| Tangible Book Value Per Share | 0.93 | 1.08 | 0.58 | 0.71 | 0.83 | 1.17 |
| Land | 1.10M | 1.10M | 1.11M | 1.07M | 1.06M | 1.01M |
| Buildings | 2.58M | 2.43M | 2.43M | 2.36M | 1.16M | 1.19M |
| Machinery | 1.79M | 1.25M | 1.24M | 980.00K | 791.00K | 715.00K |
Cash flow statement
Fiscal year December - November; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -36.37M | -13.48M | -25.29M | -28.76M | -13.20M | 100.36M |
| Depreciation & Amortization | 383.00K | 346.00K | 405.00K | 2.05M | 229.00K | 190.00K |
| Loss (Gain) From Sale of Investments | -149.00K | -486.00K | 180.00K | -123.65M | ||
| Loss (Gain) on Equity Investments | 346.00K | 1.46M | 156.00K | 59.00K | 2.93M | |
| Stock-Based Compensation | 4.74M | 2.97M | 2.30M | 3.29M | 2.39M | 3.01M |
| Other Operating Activities | -1.38M | -11.68M | -3.98M | 2.26M | -1.22M | 8.61M |
| Change in Accounts Receivable | -220.00K | -334.00K | -6.00K | |||
| Change in Inventory | -37.00K | |||||
| Change in Accounts Payable | 1.24M | 587.00K | -156.00K | 37.00K | 729.00K | 1.21M |
| Change in Income Taxes | -1.04M | -2.06M | 1.99M | 7.00K | ||
| Change in Other Net Operating Assets | 333.00K | 244.00K | 749.00K | -783.00K | 360.00K | -562.00K |
| Operating Cash Flow | -32.25M | -23.22M | -22.53M | -21.83M | -10.99M | -7.92M |
| Capital Expenditures | -685.00K | -549.00K | -671.00K | -145.00K | -56.00K | |
| Divestitures | -2.48M | |||||
| Sale (Purchase) of Intangibles | -99.00K | -231.00K | ||||
| Investment in Securities | 44.00K | 1.98M | -396.00K | -1.95M | -6.28M | |
| Other Investing Activities | -567.00K | 55.00K | -1.15M | 380.00K | ||
| Investing Cash Flow | -1.21M | 2.04M | -1.04M | -3.76M | -6.42M | -2.39M |
| Short-Term Debt Issued | 11.97M | |||||
| Total Debt Issued | 11.97M | |||||
| Short-Term Debt Repaid | -9.60M | -3.70M | -350.00K | |||
| Long-Term Debt Repaid | -119.00K | -110.00K | -106.00K | -139.00K | -114.00K | |
| Lease Payments | -121.00K | -119.00K | -110.00K | -106.00K | -109.00K | -114.00K |
| Total Debt Repaid | -121.00K | -119.00K | -110.00K | -9.70M | -3.83M | -464.00K |
| Net Debt Issued (Repaid) | -121.00K | -119.00K | -110.00K | -9.70M | -3.83M | 11.50M |
| Issuance of Common Stock | 44.58M | 34.50M | 13.46M | 53.05M | 19.08M | 1.13M |
| Repurchase of Common Stock | -533.00K | -3.40M | ||||
| Other Financing Activities | -957.00K | -1.33M | 132.00K | |||
| Financing Cash Flow | 43.92M | 34.38M | 13.35M | 38.99M | 13.91M | 12.77M |
| Foreign Exchange Rate Adjustments | -307.00K | -204.00K | 515.00K | -19.00K | 166.00K | 3.00K |
| Net Cash Flow | 10.15M | 12.99M | -9.71M | 13.38M | -3.33M | 2.46M |
| Free Cash Flow | -32.94M | -23.22M | -23.08M | -22.50M | -11.13M | -7.97M |
| Free Cash Flow Per Share | -0.16 | -0.12 | -0.12 | -0.13 | -0.07 | -0.05 |
| Levered Free Cash Flow | -20.66M | -14.05M | -10.39M | -12.89M | -6.39M | -6.02M |
| Unlevered Free Cash Flow | -20.66M | -14.05M | -10.39M | -12.10M | -5.30M | -5.94M |
| Free Cash Flow After Leases | -33.06M | -23.34M | -23.19M | -22.61M | -11.24M | -8.09M |
| Cash Interest Paid | 884.00K | 1.13M | 5.00K | |||
| Change in Working Capital | 528.00K | -1.23M | 2.58M | -996.00K | 755.00K | 642.00K |
Ratios
Fiscal year December - November; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 160.62M | 296.63M | 168.59M | 164.69M | 217.76M | 194.18M |
| Enterprise Value | 128.57M | 292.64M | 162.30M | 152.55M | 221.92M | 193.54M |
| Last Close Price | 0.72 | 1.43 | 0.87 | 0.92 | 1.37 | 1.29 |
| PE Ratio | 2.48 | |||||
| PB Ratio | 1.10 | 1.80 | 2.05 | 1.69 | 2.18 | 1.42 |
| P/TBV Ratio | 1.11 | 1.83 | 2.08 | 1.73 | 2.18 | 1.42 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 |
| Net Debt / Equity Ratio | -0.23 | -0.11 | -0.10 | -0.16 | 0.01 | 0.01 |
| Net Debt / EBITDA Ratio | 1.21 | 1.01 | 0.48 | 0.92 | -0.06 | -0.08 |
| Net Debt / FCF Ratio | 1.42 | 1.12 | 0.50 | 0.94 | -0.07 | -0.12 |
| Quick Ratio | 16.52 | 9.10 | 2.81 | 9.46 | 0.79 | 0.86 |
| Current Ratio | 17.38 | 9.48 | 3.14 | 10.12 | 0.84 | 0.90 |
| Return on Equity (ROE) | -21.91% | -8.89% | -22.09% | -22.77% | -8.49% | 83.07% |
| Return on Assets (ROA) | -12.34% | -9.01% | -11.66% | -11.05% | -4.90% | -5.58% |
| Return on Invested Capital (ROIC) | -25.59% | -16.85% | -22.38% | -20.33% | -8.72% | -9.46% |
| Return on Capital Employed (ROCE) | -18.70% | -11.00% | -20.60% | -18.70% | -10.00% | -6.40% |
| Earnings Yield | -17.04% | -3.25% | -10.71% | -12.87% | -4.48% | 40.37% |
| FCF Yield | -14.67% | -5.60% | -9.77% | -10.07% | -3.78% | -3.21% |
| Buyback Yield / Dilution | -8.09% | -5.97% | -9.27% | -11.59% | -1.01% | -4.42% |