White 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	-3.85	-2.51	-2.22	-1.1	-1.21	Upgrade
Depreciation & Amortization	0	0	0	0	0.01	Upgrade
Stock-Based Compensation	0.72	0.93	0.72	0.73	0.74	Upgrade
Other Operating Activities	1.26	0.22	0.26	-1	-2.11	Upgrade
Change in Accounts Receivable	-0.12	0.01	0.01	0.01	-0	Upgrade
Change in Accounts Payable	-0.15	0.11	0.04	-0.04	0.03	Upgrade
Change in Other Net Operating Assets	-0.33	-0.17	-0.55	0.36	-0.57	Upgrade
Operating Cash Flow	-2.47	-1.41	-1.73	-1.04	-3.11	Upgrade
Capital Expenditures	-3.81	-4.02	-4.55	-6.86	-4.66	Upgrade
Investing Cash Flow	-3.81	-4.02	-4.55	-6.86	-4.66	Upgrade
Issuance of Common Stock	22.05	5.01	5.12	4.42	13.69	Upgrade
Other Financing Activities	-	-0.14	-0.03	-0.03	-0.32	Upgrade
Financing Cash Flow	22.05	4.87	5.08	4.39	13.36	Upgrade
Net Cash Flow	15.77	-0.56	-1.19	-3.52	5.59	Upgrade
Free Cash Flow	-6.28	-5.43	-6.28	-7.91	-7.77	Upgrade
Free Cash Flow Per Share	-0.03	-0.03	-0.04	-0.05	-0.06	Upgrade
Levered Free Cash Flow	-5.83	-4.34	-5.26	-7.46	-5.48	Upgrade
Unlevered Free Cash Flow	-5.83	-4.33	-5.26	-7.46	-5.48	Upgrade
Change in Working Capital	-0.6	-0.05	-0.5	0.33	-0.54	Upgrade

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