Guanajuato Silver Company Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 75.7M | 66.2M | 36.9M | 4.1M |
| Operating Revenue | 75.0M | 66.0M | 39.3M | 4.1M |
| Cost Of Revenue | 73.2M | 78.0M | 43.8M | 6.4M |
| Gross Profit | 2.5M | -11.8M | -6.9M | -2.2M |
| Selling General And Administration | 9.4M | 10.2M | 8.7M | 6.7M |
| General And Administrative Expense | 9.4M | 10.2M | 8.7M | 6.7M |
| Depreciation And Amortization In Income Statement | 165,715 | 388,420 | 238,144 | 189,624 |
| Other Operating Expenses | 1.8M | 1.3M | 6.1M | 1.3M |
| Operating Expense | 11.3M | 12.0M | 15.0M | 8.2M |
| Operating Income | -8.9M | -23.8M | -21.9M | -10.4M |
| EBIT | -9.0M | -26.3M | -22.9M | -10.6M |
| Interest Expense | 6.5M | 4.7M | 3.9M | 1.3M |
| Interest Expense Non Operating | 6.5M | 4.7M | 3.9M | 1.3M |
| Interest Income | 163,229 | 2,230 | 108,596 | 27,054 |
| Interest Income Non Operating | 163,229 | 2,230 | 108,596 | 27,054 |
| Net Interest Income | -5.8M | -4.8M | -3.6M | -949,007 |
| Other Income Expense | -798,669 | -2.3M | -1.3M | -453,185 |
| Other Non Operating Income Expenses | -- | -- | -- | 285,697 |
| Gain On Sale Of Security | -798,669 | -2.3M | -1.3M | -453,185 |
| Pretax Income | -15.5M | -30.9M | -26.8M | -11.8M |
| Tax Provision | 1.9M | 1.0M | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | -119,800 | -926,992 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Income From Continuing Operation Net Minority Interest | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Income Including Noncontrolling Interests | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Income Common Stockholders | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Income | -17.4M | -31.9M | -26.8M | -11.8M |
| EBITDA | 1.2M | -14.2M | -13.7M | -9.1M |
| Normalized EBITDA | 2.0M | -11.9M | -12.5M | -8.6M |
| Reconciled Depreciation | 10.2M | 12.0M | 9.2M | 1.5M |
| Basic EPS | -0.04 | -0.10 | -0.10 | -0.06 |
| Diluted EPS | -0.04 | -0.10 | -0.10 | -0.06 |
| Basic Average Shares | 404.0M | 335.9M | 256.3M | 183.7M |
| Diluted Average Shares | 404.0M | 335.9M | 256.3M | 183.7M |
| Total Unusual Items | -798,669 | -2.3M | -1.3M | -453,185 |
| Total Unusual Items Excluding Goodwill | -798,669 | -2.3M | -1.3M | -453,185 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.00 | 0.00 |
| Normalized Income | -16.7M | -30.6M | -25.5M | -11.4M |
| Depreciation Amortization Depletion Income Statement | 165,715 | 388,420 | 238,144 | 189,624 |
| Depreciation Income Statement | 165,715 | 388,420 | 238,144 | 189,624 |
| Diluted NI Availto Com Stockholders | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Income Continuous Operations | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Non Operating Interest Income Expense | -5.8M | -4.8M | -3.6M | -949,007 |
| Other Gand A | 4.8M | 5.9M | 5.4M | 3.2M |
| Reconciled Cost Of Revenue | 63.2M | 66.3M | 34.8M | 5.0M |
| Salaries And Wages | 4.6M | 4.3M | 3.3M | 3.4M |
| Total Expenses | 84.5M | 89.9M | 58.7M | 14.6M |
| Total Operating Income As Reported | -5.0M | -26.4M | -23.2M | -10.9M |
| Total Other Finance Cost | -494,671 | 185,623 | -137,490 | -285,697 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 2.9M | 2.0M | 8.8M | 8.2M |
| Cash Cash Equivalents And Short Term Investments | 2.9M | 2.0M | 8.8M | 8.2M |
| Accounts Receivable | 3.2M | 3.4M | 3.9M | 491,731 |
| Receivables | 10.9M | 13.3M | 11.9M | 2.6M |
| Inventory | 5.3M | 4.0M | 5.2M | 1.6M |
| Prepaid Assets | 1.1M | 1.0M | 1.3M | 554,354 |
| Other Current Assets | 434,236 | 349,062 | -- | 1.6M |
| Current Assets | 20.7M | 20.7M | 27.2M | 14.6M |
| Gross PPE | 78.0M | 77.8M | 68.5M | 36.8M |
| Accumulated Depreciation | -28.5M | -22.7M | -10.9M | -1.8M |
| Net PPE | 49.5M | 55.1M | 57.6M | 35.0M |
| Other Non Current Assets | 1.0M | 972,374 | 834,362 | 1.7M |
| Total Non Current Assets | 50.5M | 56.1M | 58.5M | 36.7M |
| Total Assets | 71.2M | 76.7M | 85.6M | 51.3M |
| Current Debt | 10.2M | 10.3M | 14.7M | 7.3M |
| Current Debt And Capital Lease Obligation | 10.4M | 12.1M | 17.2M | 7.4M |
| Accounts Payable | 14.6M | 19.4M | 9.4M | 2.7M |
| Payables | 20.7M | 22.5M | 10.4M | 3.1M |
| Payables And Accrued Expenses | 23.1M | 24.8M | 12.5M | 3.5M |
| Current Accrued Expenses | 2.4M | 2.3M | 2.2M | 383,813 |
| Current Deferred Revenue | 484,692 | 0.00 | 0.00 | 1.3M |
| Other Current Liabilities | 2.1M | 2.2M | 3.4M | 750,000 |
| Current Liabilities | 36.1M | 39.1M | 33.2M | 12.9M |
| Long Term Debt | 4.3M | 4.9M | 1.7M | 895,827 |
| Long Term Debt And Capital Lease Obligation | 4.6M | 5.5M | 3.2M | 1.3M |
| Long Term Capital Lease Obligation | 304,124 | 586,697 | 1.5M | 425,389 |
| Total Non Current Liabilities Net Minority Interest | 22.3M | 26.8M | 20.0M | 7.6M |
| Total Liabilities Net Minority Interest | 58.3M | 65.9M | 53.1M | 20.5M |
| Common Stock | 105.6M | 90.5M | 82.4M | 60.7M |
| Capital Stock | 105.6M | 90.5M | 82.4M | 60.7M |
| Retained Earnings | -125.6M | -108.2M | -76.2M | -49.5M |
| Gains Losses Not Affecting Retained Earnings | 1.8M | 1.8M | 1.8M | 1.4M |
| Other Equity Adjustments | 1.8M | 1.8M | 1.8M | 1.4M |
| Common Stock Equity | 12.8M | 10.8M | 32.5M | 30.8M |
| Stockholders Equity | 12.8M | 10.8M | 32.5M | 30.8M |
| Total Equity Gross Minority Interest | 12.8M | 10.8M | 32.5M | 30.8M |
| Total Capitalization | 17.2M | 15.7M | 34.3M | 31.7M |
| Net Tangible Assets | 12.8M | 10.8M | 32.5M | 30.8M |
| Tangible Book Value | 12.8M | 10.8M | 32.5M | 30.8M |
| Working Capital | -15.4M | -18.4M | -6.0M | 1.7M |
| Invested Capital | 27.4M | 26.0M | 49.0M | 39.0M |
| Total Debt | 15.1M | 17.6M | 20.4M | 8.8M |
| Net Debt | 11.6M | 13.2M | 7.7M | -- |
| Share Issued | 472.2M | 353.9M | 318.6M | 224.2M |
| Ordinary Shares Number | 472.2M | 353.9M | 318.6M | 224.2M |
| Capital Lease Obligations | 559,366 | 2.4M | 3.9M | 577,743 |
| Construction In Progress | 2.1M | 1.6M | 950,315 | 0.00 |
| Current Capital Lease Obligation | 255,242 | 1.8M | 2.5M | 152,354 |
| Current Deferred Liabilities | 484,692 | 0.00 | 0.00 | 1.3M |
| Finished Goods | 29,562 | 38,345 | 12,860 | 0.00 |
| Income Tax Payable | 2.9M | 1.0M | 0.00 | -- |
| Long Term Provisions | 17.6M | 21.3M | 16.8M | 6.2M |
| Machinery Furniture Equipment | 37.7M | 40.0M | 37.2M | 14.4M |
| Non Current Prepaid Assets | -- | -- | -- | 0.00 |
| Other Current Borrowings | 10.2M | 10.3M | 14.7M | 7.3M |
| Other Equity Interest | 31.0M | 26.7M | 24.6M | 18.2M |
| Other Payable | 160,787 | 254,256 | 182,796 | 25,053 |
| Other Receivables | 895,309 | 885,438 | 1.5M | 45,334 |
| Properties | 38.2M | 36.2M | 30.4M | 22.3M |
| Raw Materials | 5.3M | 4.0M | 5.1M | 1.6M |
| Taxes Receivable | 6.8M | 9.1M | 6.6M | 2.1M |
| Total Tax Payable | 5.9M | 2.8M | 750,703 | 317,990 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -3.4M | -6.1M | -15.1M | -8.9M |
| Cash Flow From Continuing Operating Activities | -3.4M | -6.1M | -15.1M | -8.9M |
| Depreciation And Amortization | 10.2M | 12.0M | 9.2M | 1.5M |
| Depreciation Amortization Depletion | 10.2M | 12.0M | 9.2M | 1.5M |
| Stock Based Compensation | 1.1M | 1.3M | 1.5M | 2.5M |
| Deferred Tax | 1.9M | 1.0M | -- | -- |
| Deferred Income Tax | 1.9M | 1.0M | -- | -- |
| Change In Working Capital | -1.1M | 8.3M | 1.1M | -1.9M |
| Change In Receivables | 4.4M | -1.3M | -2.7M | -4.3M |
| Change In Inventory | -1.4M | 1.2M | -388,076 | -1.3M |
| Change In Payables And Accrued Expense | -4.1M | 8.2M | 4.1M | 3.5M |
| Change In Other Working Capital | -- | -- | -- | -1.6M |
| Change In Other Current Assets | -- | 0.00 | 405,964 | 0.00 |
| Other Non Cash Items | 3.2M | -182,464 | -648,063 | 889,036 |
| Capital Expenditure | -5.4M | -5.3M | -3.6M | -6.4M |
| Purchase Of PPE | -5.4M | -5.2M | -3.4M | -6.4M |
| Net PPE Purchase And Sale | -5.4M | -5.2M | -3.4M | -6.4M |
| Purchase Of Business | -- | 0.00 | -8.2M | -7.6M |
| Purchase Of Investment | -1.5M | -317,636 | 0.00 | -- |
| Sale Of Investment | 1.4M | 0.00 | -- | -- |
| Net Investment Purchase And Sale | -101,114 | -317,636 | 0.00 | -- |
| Investing Cash Flow | -5.5M | -5.6M | -11.9M | -14.0M |
| Cash Flow From Continuing Investing Activities | -5.5M | -5.6M | -11.9M | -14.0M |
| Issuance Of Debt | 4.1M | 2.9M | 12.8M | 7.5M |
| Repayment Of Debt | -5.2M | -5.2M | -2.1M | -2.7M |
| Net Issuance Payments Of Debt | -1.1M | -2.4M | 10.8M | 4.7M |
| Issuance Of Capital Stock | 14.6M | 7.3M | 15.7M | 19.3M |
| Net Common Stock Issuance | 14.6M | 7.3M | 15.7M | 19.3M |
| Financing Cash Flow | 9.9M | 4.9M | 27.1M | 27.1M |
| Cash Flow From Continuing Financing Activities | 9.9M | 4.9M | 27.1M | 27.1M |
| Effect Of Exchange Rate Changes | 23,715 | -39,989 | 384,095 | -173,681 |
| Changes In Cash | 956,841 | -6.8M | 214,798 | 4.2M |
| Beginning Cash Position | 2.0M | 8.8M | 8.2M | 4.2M |
| End Cash Position | 2.9M | 2.0M | 8.8M | 8.2M |
| Free Cash Flow | -8.8M | -11.4M | -18.7M | -15.3M |
| Asset Impairment Charge | -- | -- | 0.00 | 197,462 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- |
| Change In Prepaid Assets | -58,325 | 243,320 | -362,235 | 162,706 |
| Common Stock Issuance | 14.6M | 7.3M | 15.7M | 19.3M |
| Gain Loss On Investment Securities | 3.3M | 43,972 | -245,164 | -365,293 |
| Interest Paid Cff | -3.7M | -962,108 | -172,936 | -- |
| Long Term Debt Issuance | 4.1M | 2.9M | 12.8M | 7.5M |
| Long Term Debt Payments | -5.2M | -5.2M | -2.1M | -2.7M |
| Net Business Purchase And Sale | -- | 0.00 | -8.2M | -7.6M |
| Net Foreign Currency Exchange Gain Loss | -4.1M | 2.8M | 995,462 | 54,762 |
| Net Income From Continuing Operations | -17.4M | -31.9M | -26.8M | -11.8M |
| Net Intangibles Purchase And Sale | 0.00 | -70,000 | -206,124 | 0.00 |
| Net Long Term Debt Issuance | -1.1M | -2.4M | 10.8M | 4.7M |
| Net Other Financing Charges | -625,342 | -476,014 | -765,415 | -343,849 |
| Operating Gains Losses | -1.3M | 3.3M | 554,388 | -310,531 |
| Proceeds From Stock Option Exercised | 692,711 | 1.5M | 1.6M | 3.5M |
| Purchase Of Intangibles | 0.00 | -70,000 | -206,124 | 0.00 |
| Sale Of PPE | -- | -- | -- | 0.00 |
| Unrealized Gain Loss On Investment Securities | -- | -- | -190,597 | 0.00 |