West Red Lake Gold Mines 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 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 32.5M | 24.3M | 2.1M | 0.00 | 0.00 |
| Operating Revenue | 32.5M | 24.3M | 2.1M | 0.00 | 0.00 |
| Cost Of Revenue | 21.5M | 15.7M | 1.3M | 367,000 | 363,000 |
| Gross Profit | 11.0M | 8.6M | 788,000 | -367,000 | -363,000 |
| Selling General And Administration | 3.3M | 3.8M | 5.2M | 4.4M | 4.2M |
| General And Administrative Expense | 2.3M | 2.8M | 3.6M | 3.3M | 3.3M |
| Depreciation And Amortization In Income Statement | -- | -- | 0.00 | -- | -- |
| Other Operating Expenses | 669,000 | 733,000 | 207,000 | 21.2M | 13.7M |
| Operating Expense | 3.9M | 4.5M | 5.4M | 25.5M | 17.8M |
| Operating Income | 7.0M | 4.0M | -4.6M | -25.9M | -18.2M |
| EBIT | -1.4M | 4.9M | -10.1M | -26.3M | -22.1M |
| Interest Expense | 1.0M | 850,000 | 587,000 | 1.1M | 909,000 |
| Interest Expense Non Operating | 1.0M | 850,000 | 587,000 | 1.1M | 909,000 |
| Interest Income | 128,000 | 169,000 | 175,000 | 484,000 | 345,000 |
| Interest Income Non Operating | 128,000 | 169,000 | 175,000 | 484,000 | 345,000 |
| Net Interest Income | -887,000 | -681,000 | -412,000 | -653,000 | -2.8M |
| Other Income Expense | -8.5M | 694,000 | -5.7M | -847,000 | -2.1M |
| Other Non Operating Income Expenses | -6.8M | -3.0M | -5.6M | -2.3M | -1.7M |
| Special Income Charges | 0.00 | 0.00 | -- | 1.1M | -126,000 |
| Gain On Sale Of Security | -1.7M | 3.7M | -89,000 | 344,000 | -220,000 |
| Pretax Income | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Tax Effect Of Unusual Items | 0.00 | 547,950 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Net Income From Continuing Operation Net Minority Interest | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Net Income Including Noncontrolling Interests | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Net Income Common Stockholders | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Net Income | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| EBITDA | -564,000 | 5.3M | -10.0M | -25.9M | -21.7M |
| Normalized EBITDA | 1.1M | 1.7M | -10.0M | -27.3M | -21.4M |
| Reconciled Depreciation | 806,000 | 450,000 | 33,000 | 367,000 | 364,000 |
| Basic EPS | -0.01 | 0.01 | -0.03 | -0.10 | -0.10 |
| Diluted EPS | -0.01 | 0.01 | -0.03 | -0.10 | -0.10 |
| Basic Average Shares | 352.2M | 345.9M | 328.4M | 270.0M | 231.8M |
| Diluted Average Shares | 352.2M | 394.4M | 328.4M | 270.0M | 231.8M |
| Total Unusual Items | -1.7M | 3.7M | -89,000 | 1.4M | -346,000 |
| Total Unusual Items Excluding Goodwill | -1.7M | 3.7M | -89,000 | 1.4M | -346,000 |
| Tax Rate For Calcs | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -689,000 | 929,950 | -10.6M | -28.8M | -22.7M |
| Depreciation Amortization Depletion Income Statement | -- | -- | 0.00 | -- | -- |
| Depreciation Income Statement | -- | -- | 0.00 | -- | -- |
| Diluted NI Availto Com Stockholders | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Gain On Sale Of Ppe | 0.00 | -- | -- | 1.1M | -- |
| Net Income Continuous Operations | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Net Non Operating Interest Income Expense | -887,000 | -681,000 | -412,000 | -653,000 | -2.8M |
| Other Gand A | 785,000 | 561,000 | 798,000 | 951,000 | 1.1M |
| Other Special Charges | -- | -- | -- | -- | 126,000 |
| Reconciled Cost Of Revenue | 21.5M | 15.7M | 1.3M | 367,000 | 363,000 |
| Salaries And Wages | 1.5M | 2.3M | 2.8M | 2.4M | 2.3M |
| Selling And Marketing Expense | 974,000 | 976,000 | 1.6M | 1.1M | 829,000 |
| Total Expenses | 25.5M | 20.3M | 6.7M | 25.9M | 18.2M |
| Total Operating Income As Reported | 7.2M | 4.2M | -5.4M | -25.8M | -18.0M |
| Total Other Finance Cost | -- | -- | -- | -- | 2.2M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 45.8M | 23.7M | 18.2M | 25.9M | 47.7M |
| Cash Cash Equivalents And Short Term Investments | 45.8M | 23.7M | 18.2M | 25.9M | 47.7M |
| Accounts Receivable | 889,000 | 401,000 | 2.1M | -- | -- |
| Receivables | 2.1M | 1.6M | 3.9M | 1.7M | 920,613 |
| Inventory | 7.2M | 10.7M | 9.3M | 883,267 | 525,229 |
| Prepaid Assets | 2.2M | 1.6M | 1.2M | 1.3M | 1.1M |
| Current Assets | 57.4M | 37.6M | 33.1M | 29.8M | 50.2M |
| Gross PPE | 191.1M | 160.2M | 129.5M | 87.7M | 83.0M |
| Accumulated Depreciation | -5.7M | -4.2M | -2.8M | -1.3M | -934,005 |
| Net PPE | 185.4M | 156.0M | 126.8M | 86.4M | 82.1M |
| Other Non Current Assets | 170,000 | 170,000 | 170,000 | 169,913 | 169,913 |
| Total Non Current Assets | 185.6M | 156.2M | 126.9M | 86.6M | 82.2M |
| Total Assets | 242.9M | 193.8M | 160.0M | 116.4M | 132.5M |
| Current Debt | 4.6M | 2.5M | 1.2M | -- | -- |
| Current Debt And Capital Lease Obligation | 12.5M | 8.9M | 4.1M | 851,337 | 996,312 |
| Accounts Payable | -- | -- | -- | 11.8M | 5.7M |
| Payables | -- | -- | -- | 11.8M | 5.7M |
| Payables And Accrued Expenses | 22.2M | 25.7M | 19.1M | 12.5M | 6.6M |
| Current Accrued Expenses | -- | -- | -- | 732,983 | 873,831 |
| Other Current Liabilities | 1.1M | 1.4M | 1.9M | 1.6M | 1.9M |
| Current Liabilities | 35.7M | 36.0M | 25.1M | 15.0M | 9.5M |
| Long Term Debt | 90.6M | 80.9M | 70.0M | 33.1M | 31.2M |
| Long Term Debt And Capital Lease Obligation | 100.2M | 88.2M | 73.5M | 34.2M | 32.3M |
| Long Term Capital Lease Obligation | 9.7M | 7.4M | 3.5M | 1.1M | 1.1M |
| Other Non Current Liabilities | -- | -- | -- | -- | -74.1M |
| Total Non Current Liabilities Net Minority Interest | 122.6M | 110.1M | 95.9M | 54.7M | 51.6M |
| Total Liabilities Net Minority Interest | 158.3M | 146.0M | 121.0M | 69.7M | 61.1M |
| Common Stock | 234.7M | 195.0M | 191.4M | 147.1M | 145.7M |
| Capital Stock | 234.7M | 195.0M | 191.4M | 147.1M | 145.7M |
| Retained Earnings | -176.4M | -174.0M | -178.1M | -117.2M | -89.8M |
| Gains Losses Not Affecting Retained Earnings | 26.3M | 26.8M | 25.7M | 16.8M | 15.5M |
| Other Equity Adjustments | 26.3M | 26.8M | 25.7M | 16.8M | 15.5M |
| Common Stock Equity | 84.6M | 47.8M | 39.0M | 46.7M | 71.4M |
| Stockholders Equity | 84.6M | 47.8M | 39.0M | 46.7M | 71.4M |
| Total Equity Gross Minority Interest | 84.6M | 47.8M | 39.0M | 46.7M | 71.4M |
| Total Capitalization | 175.2M | 128.6M | 109.0M | 79.7M | 102.6M |
| Net Tangible Assets | 84.6M | 47.8M | 39.0M | 46.7M | 71.4M |
| Tangible Book Value | 84.6M | 47.8M | 39.0M | 46.7M | 71.4M |
| Working Capital | 21.7M | 1.7M | 8.0M | 14.8M | 40.7M |
| Invested Capital | 179.8M | 131.2M | 110.2M | 79.7M | 102.6M |
| Total Debt | 112.7M | 97.1M | 77.5M | 35.1M | 33.3M |
| Net Debt | 49.4M | 59.7M | 52.9M | 7.2M | -- |
| Share Issued | 392.4M | 348.0M | 343.5M | 271.4M | 269.2M |
| Ordinary Shares Number | 392.4M | 348.0M | 343.5M | 271.4M | 269.2M |
| Capital Lease Obligations | 14.1M | 9.9M | 5.7M | 2.0M | 2.0M |
| Construction In Progress | 6.5M | 2.8M | 6.8M | 1.3M | 1.2M |
| Current Capital Lease Obligation | 4.4M | 2.6M | 2.2M | 851,337 | 996,312 |
| Current Deferred Assets | 0.00 | 0.00 | 481,000 | -- | -- |
| Current Notes Payable | -- | -- | -- | 0.00 | 0.00 |
| Finished Goods | 452,000 | 3.6M | 5.6M | -- | -- |
| Interest Payable | -- | -- | -- | 732,983 | 873,831 |
| Long Term Provisions | 22.4M | 21.8M | 22.5M | 20.5M | 19.3M |
| Machinery Furniture Equipment | 68.4M | 67.8M | 71.4M | 56.6M | 53.4M |
| Other Current Borrowings | 4.6M | 2.5M | 1.2M | -- | -- |
| Other Properties | 25.9M | 19.1M | 9.3M | 29.9M | 28.4M |
| Raw Materials | 6.8M | 7.1M | 3.7M | -- | -- |
| Taxes Receivable | 1.2M | 1.2M | 1.8M | 1.7M | 920,613 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q3 2024Aug 31, 2024 | Q2 2024May 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 11.2M | 6.5M | -31.0M | -18.0M | -16.6M |
| Cash Flow From Continuing Operating Activities | 11.2M | 6.5M | -31.0M | -18.0M | -16.6M |
| Depreciation And Amortization | 806,000 | 450,000 | 33,000 | 367,000 | 364,000 |
| Depreciation Amortization Depletion | 806,000 | 450,000 | 33,000 | 367,000 | 364,000 |
| Stock Based Compensation | 758,000 | 1.5M | 2.0M | 1.7M | 1.7M |
| Change In Working Capital | 2.0M | 610,000 | -28.5M | 3.3M | 23,000 |
| Changes In Account Receivables | -- | 2.3M | -2.5M | -- | -174,000 |
| Change In Receivables | -476,000 | 2.3M | -2.5M | -755,000 | -174,000 |
| Change In Inventory | 3.6M | -1.4M | -8.0M | -358,000 | -50,000 |
| Change In Payables And Accrued Expense | -438,000 | 186,000 | -18.0M | 5.0M | -242,000 |
| Other Non Cash Items | -213,000 | 497,000 | -219,000 | 1.9M | 2.5M |
| Capital Expenditure | -21.0M | -18.7M | -16.0M | -3.1M | -1.3M |
| Purchase Of PPE | -- | -18.7M | -16.0M | -3.1M | -1.3M |
| Net PPE Purchase And Sale | -- | -18.7M | -16.0M | -3.1M | -1.3M |
| Purchase Of Business | -- | -- | -- | 0.00 | 0.00 |
| Sale Of Business | -- | -- | -- | 0.00 | -- |
| Investing Cash Flow | -21.0M | -18.7M | -16.0M | -3.1M | -1.3M |
| Cash Flow From Continuing Investing Activities | -21.0M | -18.7M | -16.0M | -3.1M | -1.3M |
| Issuance Of Debt | 0.00 | 17.5M | 10.7M | 0.00 | 32.9M |
| Repayment Of Debt | -1.0M | -940,000 | -690,000 | -355,000 | -355,000 |
| Net Issuance Payments Of Debt | -1.0M | 16.5M | 10.1M | -355,000 | 32.6M |
| Issuance Of Capital Stock | 40.7M | 0.00 | 20.1M | 0.00 | 33.0M |
| Net Common Stock Issuance | 40.7M | 0.00 | 20.1M | 0.00 | 33.0M |
| Financing Cash Flow | 32.0M | 17.7M | 28.3M | -712,000 | 61.7M |
| Cash Flow From Continuing Financing Activities | 32.0M | 17.7M | 28.3M | -712,000 | 61.7M |
| Effect Of Exchange Rate Changes | -- | -- | -- | 81,954 | -- |
| Changes In Cash | 22.1M | 5.5M | -18.7M | -21.8M | 43.9M |
| Beginning Cash Position | 23.7M | 18.2M | 36.9M | 47.7M | 3.8M |
| End Cash Position | 45.8M | 23.7M | 18.2M | 25.9M | 47.7M |
| Free Cash Flow | -9.9M | -12.2M | -47.0M | -21.1M | -17.8M |
| Interest Paid Supplemental Data | -- | 2.5M | 1.9M | -- | 0.00 |
| Cash Dividends Paid | 0.00 | -- | -- | 0.00 | -- |
| Change In Prepaid Assets | -616,000 | -437,000 | 16,000 | -530,000 | 489,000 |
| Common Stock Issuance | 40.7M | 0.00 | 20.1M | 0.00 | 33.0M |
| Depreciation | 806,000 | 450,000 | 33,000 | 367,000 | 364,000 |
| Interest Paid Cff | -7.1M | -- | -- | -1.0M | -- |
| Long Term Debt Issuance | 0.00 | 17.5M | 10.7M | 0.00 | 32.9M |
| Long Term Debt Payments | -1.0M | -940,000 | -690,000 | -355,000 | -355,000 |
| Net Business Purchase And Sale | -- | -- | -- | 0.00 | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 1.9M | -4.1M | -7,000 | -375,000 | 128,000 |
| Net Income From Continuing Operations | -2.4M | 4.0M | -10.7M | -27.4M | -23.0M |
| Net Long Term Debt Issuance | -1.0M | 16.5M | 10.1M | -355,000 | 32.6M |
| Net Other Financing Charges | -2.7M | -774,000 | -2.3M | -231,000 | -5.5M |
| Net Other Investing Changes | -- | -- | -- | -156.00 | -- |
| Operating Gains Losses | 1.9M | -4.1M | -7,000 | -375,000 | 128,000 |
| Proceeds From Stock Option Exercised | 2.2M | 1.9M | 471,000 | 908,000 | 1.8M |
| Unrealized Gain Loss On Investment Securities | 8.2M | 3.5M | 6.4M | 2.6M | 1.7M |