Blackrock Silver Cash Flow Statement

Financials in millions CAD. Fiscal year is November - October.

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	2020 - 2016
Net Income	-21.08	-11.76	-6	-17.51	-28.02	Upgrade
Depreciation & Amortization	0.08	0.06	0.05	0.04	0.02	Upgrade
Stock-Based Compensation	0.55	0.32	0.34	0.63	3.92	Upgrade
Other Operating Activities	-0.09	0.02	-0.19	-0.21	-0.05	Upgrade
Change in Accounts Receivable	-0.01	-0.03	0.09	-0.09	-0.03	Upgrade
Change in Accounts Payable	-0.73	0.96	-0.58	-0.01	-0.5	Upgrade
Change in Other Net Operating Assets	0.04	0.21	-0.17	-0.33	0.01	Upgrade
Operating Cash Flow	-21.24	-10.21	-6.45	-17.47	-24.65	Upgrade
Capital Expenditures	-0.75	-1.98	-1.16	-1.44	-1.07	Upgrade
Other Investing Activities	0.29	0.18	0.11	-	-	Upgrade
Investing Cash Flow	-0.46	-1.79	-1.05	-1.44	-1.07	Upgrade
Long-Term Debt Repaid	-0.03	-0.01	-	-	-	Upgrade
Total Debt Repaid	-0.03	-0.01	-	-	-	Upgrade
Net Debt Issued (Repaid)	-0.03	-0.01	-	-	-	Upgrade
Issuance of Common Stock	21.47	22.74	5.12	15.43	29.26	Upgrade
Other Financing Activities	-1.39	-1.8	-0.63	-1.16	-1.81	Upgrade
Financing Cash Flow	20.06	20.92	4.49	14.27	27.45	Upgrade
Foreign Exchange Rate Adjustments	-0.06	-0.17	0.02	-0.24	0.22	Upgrade
Net Cash Flow	-1.71	8.74	-2.99	-4.89	1.95	Upgrade
Free Cash Flow	-21.99	-12.19	-7.61	-18.91	-25.73	Upgrade
Free Cash Flow Per Share	-0.07	-0.05	-0.04	-0.12	-0.18	Upgrade
Levered Free Cash Flow	-13.75	-7.8	-5.18	-12.53	-14.93	Upgrade
Unlevered Free Cash Flow	-13.75	-7.8	-5.18	-12.53	-14.93	Upgrade
Change in Working Capital	-0.71	1.13	-0.65	-0.42	-0.52	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.