Spanish Mountain Gold Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	-2.64	-2.47	-2.14	-0.88	-0.97	Upgrade
Depreciation & Amortization	0.07	0.08	0.08	0.07	0.08	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	0	-	Upgrade
Stock-Based Compensation	0.43	0.49	0.11	0.31	0.38	Upgrade
Other Operating Activities	-0.19	-0.26	-0.2	-0.16	-0.18	Upgrade
Change in Accounts Receivable	-	-	-	0.16	0.08	Upgrade
Change in Accounts Payable	0.15	0.54	0.06	-0.02	-0.06	Upgrade
Change in Other Net Operating Assets	-0.17	-0.14	-0.1	0.05	0.19	Upgrade
Operating Cash Flow	-2.35	-1.76	-2.19	-0.46	-0.47	Upgrade
Capital Expenditures	-10.94	-5.62	-3.54	-4.49	-6.14	Upgrade
Investment in Securities	-	-	0.25	-	9.37	Upgrade
Other Investing Activities	1.33	0.07	-	-	1.27	Upgrade
Investing Cash Flow	-9.61	-5.55	-3.29	-4.49	4.5	Upgrade
Long-Term Debt Repaid	-0.08	-0.07	-0.09	-0.06	-0.1	Upgrade
Net Debt Issued (Repaid)	-0.08	-0.07	-0.09	-0.06	-0.1	Upgrade
Issuance of Common Stock	9.65	11.83	6.24	1.14	0.83	Upgrade
Other Financing Activities	-0.65	-0.96	-0.09	-	-0.01	Upgrade
Financing Cash Flow	8.92	10.79	6.06	1.08	0.72	Upgrade
Net Cash Flow	-3.04	3.48	0.58	-3.87	4.76	Upgrade
Free Cash Flow	-13.29	-7.38	-5.73	-4.95	-6.6	Upgrade
Free Cash Flow Per Share	-0.03	-0.02	-0.02	-0.01	-0.02	Upgrade
Cash Interest Paid	-	0.02	-	-	-	Upgrade
Levered Free Cash Flow	-12.49	-6.31	-5.71	-4.77	-6.45	Upgrade
Unlevered Free Cash Flow	-12.49	-6.29	-5.7	-4.76	-6.45	Upgrade
Change in Working Capital	-0.02	0.4	-0.04	0.19	0.21	Upgrade

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