Tiernan Gold Corp.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023
Total Revenue	0.00	0.00
Operating Revenue	0.00	0.00
Selling General And Administration	276,000	522,000
General And Administrative Expense	276,000	522,000
Operating Expense	276,000	522,000
Operating Income	-276,000	-522,000
EBIT	-276,000	-522,000
Interest Income	493,000	0.00
Interest Income Non Operating	493,000	0.00
Net Interest Income	457,000	-3,000
Other Income Expense	-2,000	-15,000
Gain On Sale Of Security	-2,000	-15,000
Pretax Income	179,000	-540,000
Tax Provision	11,000	14,000
Tax Effect Of Unusual Items	-122.91	-6,000
Net Income From Continuing And Discontinued Operation	168,000	-554,000
Net Income From Continuing Operation Net Minority Interest	168,000	-554,000
Net Income Including Noncontrolling Interests	168,000	-554,000
Net Income Common Stockholders	168,000	-554,000
Net Income	168,000	-554,000
EBITDA	-276,000	-522,000
Normalized EBITDA	-274,000	-507,000
Basic EPS	0.00	-0.01
Diluted EPS	0.00	-0.01
Basic Average Shares	47.8M	47.8M
Diluted Average Shares	47.8M	47.8M
Total Unusual Items	-2,000	-15,000
Total Unusual Items Excluding Goodwill	-2,000	-15,000
Tax Rate For Calcs	0.06	0.40
Normalized Income	169,877	-545,000
Diluted NI Availto Com Stockholders	168,000	-554,000
Net Income Continuous Operations	168,000	-554,000
Net Non Operating Interest Income Expense	457,000	-3,000
Other Gand A	276,000	522,000
Total Expenses	276,000	522,000
Total Other Finance Cost	36,000	3,000

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023
Cash And Cash Equivalents	11.9M	43,000
Cash Cash Equivalents And Short Term Investments	11.9M	43,000
Cash Financial	11.9M	--
Receivables	0.00	15.0M
Prepaid Assets	52,000	96,000
Current Assets	11.9M	15.1M
Net PPE	35.4M	41.3M
Total Non Current Assets	35.4M	41.3M
Total Assets	47.4M	56.4M
Accounts Payable	956,000	3.3M
Payables	990,000	3.3M
Payables And Accrued Expenses	990,000	3.3M
Current Liabilities	990,000	3.3M
Total Non Current Liabilities Net Minority Interest	0.00	0.00
Total Liabilities Net Minority Interest	990,000	3.3M
Common Stock	56.8M	56.8M
Capital Stock	56.8M	56.8M
Retained Earnings	10.3M	10.1M
Gains Losses Not Affecting Retained Earnings	-20.8M	-13.9M
Common Stock Equity	46.4M	53.1M
Stockholders Equity	46.4M	53.1M
Total Equity Gross Minority Interest	46.4M	53.1M
Total Capitalization	46.4M	53.1M
Net Tangible Assets	46.4M	53.1M
Tangible Book Value	46.4M	53.1M
Working Capital	11.0M	11.8M
Invested Capital	46.4M	53.1M
Share Issued	47.8M	47.8M
Ordinary Shares Number	47.8M	47.8M
Duefrom Related Parties Current	0.00	15.0M
Foreign Currency Translation Adjustments	-20.8M	-13.9M
Income Tax Payable	11,000	13,000
Other Payable	10,000	3,000
Total Tax Payable	24,000	27,000

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023
Operating Cash Flow	-2.1M	1.0M
Cash Flow From Continuing Operating Activities	-2.1M	1.0M
Deferred Tax	11,000	14,000
Deferred Income Tax	11,000	14,000
Change In Working Capital	-2.3M	1.5M
Change In Receivables	44,000	-14.7M
Change In Payables And Accrued Expense	-2.3M	16.2M
Change In Payable	-2.3M	16.2M
Other Non Cash Items	36,000	18,000
Investing Cash Flow	13.9M	-996,000
Cash Flow From Continuing Investing Activities	13.9M	-996,000
Issuance Of Capital Stock	0.00	26,000
Net Common Stock Issuance	0.00	26,000
Financing Cash Flow	0.00	26,000
Cash Flow From Continuing Financing Activities	0.00	26,000
Changes In Cash	11.8M	33,000
Beginning Cash Position	43,000	10,000
End Cash Position	11.9M	43,000
Free Cash Flow	-2.1M	1.0M
Change In Account Payable	-2.3M	16.2M
Common Stock Issuance	0.00	26,000
Net Income From Continuing Operations	168,000	-554,000
Net Other Investing Changes	13.9M	-996,000