Guanajuato Silver Company Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 16.3M | 18.5M | 21.3M | 19.0M | 18.3M |
| Operating Revenue | 15.5M | 18.2M | 20.5M | 19.2M | 18.4M |
| Cost Of Revenue | 17.8M | 15.1M | 16.5M | 16.4M | 17.8M |
| Gross Profit | -1.5M | 3.4M | 4.8M | 2.7M | 515,576 |
| Selling General And Administration | 2.5M | 2.3M | 2.0M | 2.1M | 2.3M |
| General And Administrative Expense | 2.5M | 2.3M | 2.0M | 2.1M | 2.3M |
| Depreciation And Amortization In Income Statement | 22,382 | 23,086 | 37,416 | 40,261 | 41,114 |
| Other Operating Expenses | -535,391 | 364,816 | 190,026 | 109,803 | 1.2M |
| Operating Expense | 2.0M | 2.7M | 2.2M | 2.2M | 3.5M |
| Operating Income | -3.4M | 670,803 | 2.6M | 453,953 | -3.0M |
| EBIT | -4.9M | -1.8M | -310,275 | 957,577 | -3.2M |
| Interest Expense | 1.2M | 1.1M | 1.3M | 1.5M | 1.7M |
| Interest Expense Non Operating | 1.2M | 1.1M | 1.3M | 1.5M | 1.7M |
| Interest Income | 882,151 | 52,090 | 147,588 | 20,394 | 115,269 |
| Interest Income Non Operating | 882,151 | 52,090 | 147,588 | 20,394 | 115,269 |
| Net Interest Income | -285,619 | -953,033 | -1.1M | -1.5M | -1.6M |
| Other Income Expense | -2.4M | -2.6M | -3.1M | 530,036 | -285,086 |
| Gain On Sale Of Security | -2.4M | -2.6M | -3.1M | 530,036 | -285,086 |
| Pretax Income | -6.1M | -2.9M | -1.6M | -502,099 | -4.9M |
| Tax Provision | -267,394 | 816,175 | 674,350 | -- | 0.00 |
| Tax Effect Of Unusual Items | -103,897 | -387,573 | -462,911 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Income From Continuing Operation Net Minority Interest | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Income Including Noncontrolling Interests | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Income Common Stockholders | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Income | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| EBITDA | -3.7M | -378,290 | 1.2M | 2.3M | -347,611 |
| Normalized EBITDA | -1.3M | 2.2M | 4.3M | 1.7M | -62,525 |
| Reconciled Depreciation | 1.2M | 1.4M | 1.5M | 1.3M | 2.8M |
| Basic EPS | -0.01 | -0.01 | 0.00 | -- | -0.01 |
| Diluted EPS | -0.01 | -0.01 | 0.00 | -- | -0.01 |
| Basic Average Shares | 509.8M | 473.2M | 472.2M | -- | 418.2M |
| Diluted Average Shares | 509.8M | 473.2M | 472.2M | -- | 418.2M |
| Total Unusual Items | -2.4M | -2.6M | -3.1M | 530,036 | -285,086 |
| Total Unusual Items Excluding Goodwill | -2.4M | -2.6M | -3.1M | 530,036 | -285,086 |
| Tax Rate For Calcs | 0.04 | 0.15 | 0.15 | 0.00 | 0.00 |
| Normalized Income | -3.6M | -1.5M | 351,607 | -2.9M | -4.6M |
| Depreciation Amortization Depletion Income Statement | 22,382 | 23,086 | 37,416 | 40,261 | 41,114 |
| Depreciation Income Statement | 22,382 | 23,086 | 37,416 | 40,261 | 41,114 |
| Diluted NI Availto Com Stockholders | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Income Continuous Operations | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Non Operating Interest Income Expense | -285,619 | -953,033 | -1.1M | -1.5M | -1.6M |
| Other Gand A | 1.4M | 1.2M | 1.2M | 1.2M | 1.2M |
| Reconciled Cost Of Revenue | 16.6M | 13.7M | 15.0M | 15.1M | 15.0M |
| Salaries And Wages | 1.0M | 1.1M | 813,486 | 860,486 | 1.1M |
| Total Expenses | 19.7M | 17.8M | 18.7M | 18.6M | 21.3M |
| Total Operating Income As Reported | -3.8M | -1.2M | 2.4M | 1.1M | -1.6M |
| Total Other Finance Cost | -12,354 | -79,004 | -1,446 | 46,806 | -22,891 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 9.2M | 1.7M | 2.2M | 2.9M | 1.6M |
| Cash Cash Equivalents And Short Term Investments | 9.2M | 1.7M | 2.2M | 2.9M | 1.6M |
| Accounts Receivable | 6.8M | 6.2M | 5.5M | 3.2M | 8.5M |
| Receivables | 14.5M | 13.8M | 12.6M | 10.9M | 11.0M |
| Inventory | 5.0M | 6.2M | 5.2M | 5.3M | 4.9M |
| Prepaid Assets | 2.2M | 1.3M | 1.7M | 1.1M | 1.5M |
| Other Current Assets | 1.8M | 624,701 | 448,646 | 434,236 | 339,009 |
| Current Assets | 35.1M | 23.9M | 22.0M | 20.7M | 19.4M |
| Gross PPE | 79.2M | 78.6M | 77.6M | 78.0M | 78.0M |
| Accumulated Depreciation | -31.1M | -31.4M | -30.0M | -28.5M | -27.2M |
| Net PPE | 48.1M | 47.1M | 47.6M | 49.5M | 50.8M |
| Other Non Current Assets | 397,445 | 1.1M | 1.0M | 1.0M | 1.0M |
| Total Non Current Assets | 48.5M | 48.2M | 48.6M | 50.5M | 51.8M |
| Total Assets | 83.6M | 72.2M | 70.6M | 71.2M | 71.2M |
| Current Debt | 1.0M | 3.5M | 15.2M | 10.2M | 12.6M |
| Current Debt And Capital Lease Obligation | 1.3M | 3.8M | 15.5M | 10.4M | 12.9M |
| Accounts Payable | 15.0M | 14.0M | 13.6M | 14.6M | 17.7M |
| Payables | 22.1M | 21.4M | 19.2M | 20.7M | 21.2M |
| Payables And Accrued Expenses | 26.2M | 24.7M | 22.0M | 23.1M | 24.3M |
| Current Accrued Expenses | 4.1M | 3.3M | 2.8M | 2.4M | 3.1M |
| Current Deferred Revenue | 354,260 | 136,611 | 278,133 | 484,692 | -- |
| Other Current Liabilities | 1.9M | 2.0M | 2.0M | 2.1M | 2.7M |
| Current Liabilities | 29.8M | 30.7M | 39.8M | 36.1M | 39.9M |
| Long Term Debt | 15.2M | 14.5M | 3.1M | 4.3M | 4.7M |
| Long Term Debt And Capital Lease Obligation | 15.4M | 14.7M | 3.3M | 4.6M | 5.0M |
| Long Term Capital Lease Obligation | 164,644 | 226,152 | 259,405 | 304,124 | 330,007 |
| Total Non Current Liabilities Net Minority Interest | 35.5M | 33.4M | 20.1M | 22.3M | 24.1M |
| Total Liabilities Net Minority Interest | 65.2M | 64.0M | 59.9M | 58.3M | 64.0M |
| Common Stock | 121.5M | 106.7M | 105.6M | 105.6M | 98.8M |
| Capital Stock | 121.5M | 106.7M | 105.6M | 105.6M | 98.8M |
| Retained Earnings | -137.4M | -131.5M | -127.9M | -125.6M | -123.2M |
| Gains Losses Not Affecting Retained Earnings | 1.7M | 1.7M | 1.8M | 1.8M | 1.8M |
| Other Equity Adjustments | 1.7M | 1.7M | 1.8M | 1.8M | 1.8M |
| Common Stock Equity | 18.4M | 8.1M | 10.7M | 12.8M | 7.2M |
| Stockholders Equity | 18.4M | 8.1M | 10.7M | 12.8M | 7.2M |
| Total Equity Gross Minority Interest | 18.4M | 8.1M | 10.7M | 12.8M | 7.2M |
| Total Capitalization | 33.6M | 22.6M | 13.7M | 17.2M | 11.9M |
| Net Tangible Assets | 18.4M | 8.1M | 10.7M | 12.8M | 7.2M |
| Tangible Book Value | 18.4M | 8.1M | 10.7M | 12.8M | 7.2M |
| Working Capital | 5.4M | -6.7M | -17.8M | -15.4M | -20.5M |
| Invested Capital | 34.6M | 26.1M | 28.9M | 27.4M | 24.5M |
| Total Debt | 16.6M | 18.5M | 18.8M | 15.1M | 17.9M |
| Net Debt | 7.0M | 16.2M | 16.1M | 11.6M | 15.7M |
| Share Issued | 553.6M | 476.0M | 472.2M | 472.2M | 418.2M |
| Ordinary Shares Number | 553.6M | 476.0M | 472.2M | 472.2M | 418.2M |
| Capital Lease Obligations | 449,973 | 534,525 | 544,446 | 559,366 | 621,789 |
| Construction In Progress | 3.3M | 2.8M | 2.4M | 2.1M | 1.5M |
| Current Capital Lease Obligation | 285,329 | 308,373 | 285,041 | 255,242 | 291,782 |
| Current Deferred Liabilities | 354,260 | 136,611 | 278,133 | 484,692 | -- |
| Finished Goods | 9,269 | 24,920 | 44,136 | 29,562 | 6,470 |
| Income Tax Payable | 4.2M | 4.5M | 3.5M | 2.9M | 1.0M |
| Long Term Provisions | 20.1M | 18.7M | 16.8M | 17.6M | 19.1M |
| Machinery Furniture Equipment | 37.1M | 38.0M | 37.9M | 37.7M | 37.7M |
| Other Current Borrowings | 1.0M | 3.5M | 15.2M | 10.2M | 12.6M |
| Other Equity Interest | 32.6M | 31.2M | 31.1M | 31.0M | 29.7M |
| Other Payable | 198,235 | 184,068 | 163,469 | 160,787 | 223,036 |
| Other Receivables | 1.9M | 1.2M | 949,397 | 895,309 | 926,003 |
| Properties | 38.9M | 37.8M | 37.3M | 38.2M | 38.8M |
| Raw Materials | 5.0M | 6.2M | 5.1M | 5.3M | 4.8M |
| Restricted Cash | 2.4M | 179,407 | -- | -- | -- |
| Taxes Receivable | 5.8M | 6.5M | 6.1M | 6.8M | 1.6M |
| Total Tax Payable | 6.9M | 7.3M | 5.5M | 5.9M | 3.3M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 712,271 | 1.9M | 208,888 | -698,178 | 1.7M |
| Cash Flow From Continuing Operating Activities | 712,271 | 1.9M | 208,888 | -698,178 | 1.7M |
| Depreciation And Amortization | 1.2M | 1.4M | 1.5M | 1.3M | 2.8M |
| Depreciation Amortization Depletion | 1.2M | 1.4M | 1.5M | 1.3M | 2.8M |
| Stock Based Compensation | 167,507 | 280,708 | 97,767 | 118,490 | 214,129 |
| Deferred Tax | -267,394 | 816,175 | 681,304 | -- | 0.00 |
| Deferred Income Tax | -267,394 | 816,175 | 681,304 | -- | 0.00 |
| Change In Working Capital | 1.6M | -162,651 | -3.9M | -2.0M | 2.5M |
| Change In Receivables | -49,189 | -1.3M | -1.7M | 1.4M | 5.1M |
| Change In Inventory | 1.2M | -1.1M | 186,247 | -504,381 | -265,055 |
| Change In Payables And Accrued Expense | 1.3M | 1.9M | -1.8M | -3.3M | -1.6M |
| Other Non Cash Items | 1.4M | 942,605 | 1.1M | 1.9M | 1.2M |
| Capital Expenditure | -1.2M | -777,720 | -940,473 | -1.2M | -1.1M |
| Purchase Of PPE | -1.2M | -777,720 | -940,473 | -1.2M | -1.1M |
| Net PPE Purchase And Sale | -1.2M | -777,720 | -940,473 | -1.2M | -1.1M |
| Purchase Of Investment | -1.5M | -681,329 | -312,189 | -527,512 | -212,896 |
| Sale Of Investment | 343,117 | 508,812 | 299,594 | 385,054 | 284,127 |
| Net Investment Purchase And Sale | -1.2M | -172,517 | -12,595 | -142,458 | 71,231 |
| Investing Cash Flow | -2.4M | -950,237 | -953,068 | -1.4M | -1.0M |
| Cash Flow From Continuing Investing Activities | -2.4M | -950,237 | -953,068 | -1.4M | -1.0M |
| Issuance Of Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repayment Of Debt | -4.2M | -938,160 | -39,781 | -1.6M | -267,380 |
| Net Issuance Payments Of Debt | -4.2M | -938,160 | -39,781 | -1.6M | -267,380 |
| Issuance Of Capital Stock | 13.0M | 0.00 | -- | 6.3M | 0.00 |
| Net Common Stock Issuance | 13.0M | 0.00 | -- | 6.3M | 0.00 |
| Financing Cash Flow | 11.2M | -1.1M | -39,781 | 3.4M | -1.3M |
| Cash Flow From Continuing Financing Activities | 11.2M | -1.1M | -39,781 | 3.4M | -1.3M |
| Effect Of Exchange Rate Changes | 189,234 | -98,790 | 12,630 | -64,264 | 43,020 |
| Changes In Cash | 9.6M | -170,150 | -783,961 | 1.4M | -610,118 |
| Beginning Cash Position | 1.9M | 2.2M | 2.9M | 1.6M | 2.2M |
| End Cash Position | 11.6M | 1.9M | 2.2M | 2.9M | 1.6M |
| Free Cash Flow | -486,832 | 1.1M | -731,585 | -1.9M | 576,902 |
| Interest Paid Supplemental Data | -- | -- | -- | -- | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | -874,198 | 315,318 | -577,418 | 454,626 | -768,041 |
| Common Stock Issuance | 13.0M | 0.00 | -- | 6.3M | 0.00 |
| Gain Loss On Investment Securities | 2.1M | 807,730 | 2.9M | -466,115 | 1.0M |
| Gain Loss On Sale Of PPE | 33,932 | -- | -- | -- | 0.00 |
| Interest Paid Cff | -506,544 | -676,281 | 0.00 | -1.1M | -1.7M |
| Long Term Debt Issuance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt Payments | -4.2M | -938,160 | -39,781 | -1.6M | -267,380 |
| Net Foreign Currency Exchange Gain Loss | 275,602 | 1.6M | 104,224 | -933,479 | -1.4M |
| Net Income From Continuing Operations | -5.8M | -3.7M | -2.3M | -2.4M | -4.9M |
| Net Long Term Debt Issuance | -4.2M | -938,160 | -39,781 | -1.6M | -267,380 |
| Net Other Financing Charges | -551,638 | -- | -- | -77,596 | -- |
| Operating Gains Losses | 2.4M | 2.3M | 3.0M | -1.4M | -415,233 |
| Proceeds From Stock Option Exercised | 3.5M | 478,685 | -- | 1.00 | 682,961 |
| Unrealized Gain Loss On Investment Securities | -11,706 | -- | -1,446 | -- | 237,726 |