← Galiano Gold Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Share of net income related to joint venture — — — — — — ($46.5m) ($31.7m) ($2.4m) $0
Net Income — — — — — — $40.8m $26.1m $6.1m ($29.3m)
Net Income From Continuing Operations — — — — — — $40.8m $26.1m $8.5m ($30.8m)
Depreciation and depletion $53.0m $64.2m — $98k $163k $148k $146k $143k $23.7m $62.9m
Amortization — $125.6m $166.6m $165.0m $153.8m $170.9m $171.5m $190.2m $218.4m $209.7m
Depreciation — — — — — $148k $146k $143k — —
Depreciation Amortization Depletion — — — — — — $146k $143k $23.7m $62.9m
Deferred income tax expense — ($16.3m) $16.9m $20.1m $43.9m $63.7m $54.6m $31.0m $0 $23.0m
Deferred Income Tax — — — — — — — — $0 $61.3m
Deferred Tax — — — — — — — — $0 $61.3m
Adjustments For Share-Based Payments $983k $2.7m $1.6m $1.8m $2.2m $3.2m $1.6m $6.2m $6.9m $10.3m
Share-based compensation $983k $2.7m $6.6m $1.8m $2.2m $3.2m $1.6m $6.2m $6.9m $10.3m
Reversal of impairment (Note 10) — — — — $0 $224.3m $38.2m $0 ($57.1m) ($218.8m)
Impairment of El Chanate inventory — $0 $64.0m $0 — — — — — —
Asset Impairment Charge — — — — — $7.6m ($6.0m) $0 — —
Adjustments For Income Tax Expense — $11.9m $17.3m $12.7m $30.1m $5.3m $10.7m $52.7m $0 $38.3m
Gain on derecognition of equity investment in joint venture — — — — — — — $0 ($1.4m) $0
Income tax expense — $11.9m $17.3m $12.7m $30.1m $5.3m $10.7m $52.7m $0 $38.3m
Earnings (Loss)es From Equity Investments — — — — — — ($46.5m) ($31.7m) ($3.8m) $0
Additional Financial Items
Adjustments For Current Tax Of Prior Period — — — — $261k ($170k) $194k ($94k) $52k —
Adjustments For Decrease Increase In Trade Account Receivable ($1.3m) ($711k) ($6.9m) ($1.9m) $1.6m ($4.6m) $5.6m $678k $1.0m $43k
Adjustments For Finance Costs $13.8m $17.5m $10.7m $35.6m $35k $906k $5.6m $17k $38.3m $17.8m
Adjustments For Finance Income — — — — $8.3m $257k $1.0m $6.3m $5.9m $6.1m
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates — — ($143.3m) — — — — — — —
Adjustments For Increase Decrease In Trade Account Payable $41.8m ($1.1m) ($1.2m) ($1.7m) $69k ($2.3m) $1.4m $1.2m ($14.5m) $19.6m
Adjustments For Unrealised Foreign Exchange Losses Gains $2.7m $194k ($48k) $20k ($187k) $2k ($1k) $7k ($686k) ($2.9m)
Increase Decrease In Working Capital $18.7m ($9.8m) $29.9m $3.8m ($1.5m) $7.2m ($7.1m) ($1.9m) $13.8m ($5.0m)
Payments Of Lease Liabilities Classified As Financing Activities — — — $39k $117k $128k $130k $127k $13.4m $19.3m
Payments To Acquire Or Redeem Entitys Shares — — — $958k $2.3m $0 — — — —
Proceeds From Issuing Shares $5.2m $3.6m $17.4m — — — — — — —
Net (loss) income for the year ($13.2m) $6.6m ($72.6m) ($167.9m) $57.4m ($68.9m) $40.8m $26.1m $8.5m ($30.8m)
Transaction costs — — — — — — — $0 $2.5m $0
Finance income — — — ($871k) ($8.3m) ($257k) ($1.0m) ($6.3m) ($5.9m) ($6.1m)
Finance expense $13.8m $17.5m $3.0m $35.6m $35k $906k $5.6m $17k $38.3m $17.8m
Unrealized loss on gold hedge derivative instruments — — — — — — — — $13.6m $74.6m
Unrealized foreign exchange gain $2.7m $194k $4.4m $20k ($187k) $2k ($1k) $7k ($686k) ($2.9m)
Change in working capital ($18.7m) $9.8m $1.2m ($3.8m) $1.5m ($7.2m) $7.1m $1.9m ($13.8m) $5.0m
Expenditures on mineral properties, plant and equipment ($132.4m) ($123.8m) ($221.5m) ($39k) ($76k) ($31k) ($4k) ($35k) ($66.9m) ($114.9m)
Deferred consideration paid — — — — — — — — $0 ($25.0m)
Transaction costs paid — — — — — — — $0 ($2.5m) $0
Redemption of preferred shares in joint venture — — — $10.0m $37.5m $5.0m $0 $0 $25.0m $0
Interest received $435k $464k — $210k $506k $407k $1.0m $2.9m $4.7m $3.4m
Purchase of other assets — — — — — — $0 $0 ($2.0m) ($460k)
Cash (used in) provided by investing activities ($105.9m) ($123.4m) ($196.6m) $30.2m $37.9m $3.9m $1.0m $2.9m $5.8m ($137.0m)
Lease liability payments — — — ($39k) ($117k) ($128k) ($130k) ($127k) ($13.4m) ($19.3m)
Revolving credit facility related costs — — — — — — — — $0 ($3.5m)
Shares issued for cash on exercise of stock options — $3.5m $3.9m $332k $1.9m $569k $0 $19k $2.8m $2.1m
Share issuance costs — — — — — — — $0 ($41k) $0
Cash used in financing activities ($3.9m) ($10.1m) ($8.8m) ($665k) ($520k) $441k ($130k) ($108k) ($10.6m) ($20.7m)
Loss on commodity derivatives — — — — — — — $900k $24.2m $230.5m
Gain on sale of assets (Note 7) — — — — — — — — $0 ($231.0m)
Deferred revenue recognized (Note 14) — — — — — — — — $0 ($124.6m)
Settlement of Argonaut legacy gold hedges (Note 13) — — — — — — — — $0 ($113.5m)
Proceeds from gold sale prepayment (Note 14) — — — — — — — — $0 $50.0m
Other items (Note 23) — ($1.4m) $6.5m ($12.2m) ($5.1m) ($3.1m) ($6.7m) $11.8m $11.0m ($34.0m)
Proceeds from disposition of equity securities — — — $0 $9.7m $25.8m $0 $100k $1.0m $9.8m
Investment in equity securities — — — ($4.0m) ($3.4m) ($8.8m) ($4.0m) ($2.8m) ($11.6m) ($500k)
Proceeds from sale of assets, net of transaction costs (Note 7) — — — — — — — — $0 $160.0m
Proceeds from draw down of credit facility — — — $0 $100.0m $0 — $0 $250.0m $0
Repayment of debt and accrued interest assumed on Argonaut acquisition (Note 6) — ($4.4m) ($4.1m) ($3.3m) ($500k) ($200k) $0 $0 ($308.3m) ($50.0m)
Repurchase and cancellation of common shares (Note 19) — — — — — ($11.7m) ($8.2m) $0 $0 ($38.8m)
Credit facility transaction, standby fees and interest (Note 15) — ($12.2m) $0 ($1.2m) ($1.5m) ($1.1m) ($800k) $0 ($2.7m) ($2.6m)
Proceeds from issuance of flow-through shares — $11.7m $0 $7.5m $0 $0 $10.4m $0 $10.5m $0
Inventory net realizable value adjustment — — — — — $0 $33.9m $0 — —
Proceeds from sale of Esperanza Project (note 8) — — — — — $0 $5.0m $0 — —
Capital Advances — — — — $0 ($9.8m) $0 — — —
Repurchase of Island Gold royalties (note 8(i)) — ($6.7m) $24.9m $0 ($54.8m) ($15.7m) $0 — — —
Proceeds from share purchase plan — — — $0 $8.3m $0 — — — —
Repayments of current borrowings — — — $0 $100.0m $0 — — — —
Outflows of cash from investing activities — — — ($11.4m) ($5.5m) ($11.7m) — — — —
Loss on redemption of senior secured notes — $29.1m $0 — — — — — — —
Cash received from the acquisition of Richmont (note 5) — $46.2m $0 — — — — — — —
Other — $3.6m $0 ($4.0m) — — — — — —
Net proceeds from bought deal financing — $239.1m $0 — — — — — — —
Repayment of senior secured notes — ($327.2m) $0 — — — — — — —
Credit facility transaction fees — ($2.1m) ($800k) ($1.2m) — — — — — —
Purchase and cancellation of common shares (note 11) — — $0 ($11.4m) — — — — — —
Beginning Cash Position — — — — — — $53.5m $56.1m $55.3m $105.8m
Cash Flow From Continuing Financing Activities — — — — — — ($130k) ($108k) ($10.6m) ($20.7m)
Cash Flow From Continuing Investing Activities — — — — — — $1.0m $2.9m $5.8m ($137.0m)
Change In Inventory — — — — — — — $0 $1.2m ($15.5m)
Change In Payables And Accrued Expense — — — — — — $1.4m $1.2m ($5.0m) $19.6m
Change In Prepaid Assets — — — — — — $10k ($9k) ($765k) $34k
Change In Receivables — — — — — — $5.6m $678k $306k $762k
Changes In Account Receivables — — — — — — — $678k $1.0m $43k
Changes In Cash — — — — — — $2.7m ($878k) $50.9m $333k
End Cash Position — — — — — — $56.1m $55.3m $105.8m $108.3m
Financing Cash Flow — — — — — — ($130k) ($108k) ($10.6m) ($20.7m)
Free Cash Flow — — — — — — $1.8m ($3.7m) ($11.2m) $43.1m
Gain Loss On Investment Securities — — — — — — — — $13.6m $74.6m
Interest Received CFI — — — — — — $1.0m $2.9m $4.7m $3.4m
Investing Cash Flow — — — — — — $1.0m $2.9m $5.8m ($137.0m)
Net Business Purchase And Sale — — — — — — $0 $0 $70.0m $0
Net Foreign Currency Exchange Gain Loss — — — — — — ($1k) $7k ($686k) ($2.9m)
Net PPE Purchase And Sale — — — — — — $0 ($35k) ($66.9m) ($114.9m)
Operating Gains Losses — — — — — — ($46.5m) ($31.7m) $9.1m $71.7m
Other Non Cash Items — — — — — — $4.6m ($2.9m) $13.0m $14.3m
Proceeds From Stock Option Exercised — — — — — — $0 $19k $2.8m $2.1m
Purchase Of Business — — — — — — — $0 ($2.5m) $0
Purchase Of PPE — $123.8m $53.9m $39k $76k $31k $0 ($35k) ($66.9m) ($114.9m)
Sale Of Business — — — — — — $0 $0 $72.5m $0
Stock Based Compensation — — — — — — $1.6m $6.2m $6.9m $10.3m
Unrealized Gain Loss On Investment Securities — — — — — — $0 ($3.4m) ($1.1m) ($2.6m)
Profit or Loss ($13.2m) $6.6m ($141.2m) ($167.9m) $57.4m ($68.9m) $40.8m $26.1m $8.5m ($30.8m)
Interest capitalized to mineral property, plant and equipment — — — — — — — $0 ($7.7m) ($17.1m)
Capital Expenditure — — — — — — ($4k) ($35k) ($66.9m) ($114.9m)
Capital Expenditure Reported — — — — — ($31k) ($4k) ($35k) — —
Investment in Argonaut, net of cash acquired (Note 6) — — — $0 $19.5m $0 — — ($30.2m) $0
Net Other Investing Changes — — — — — — — — ($2.0m) ($25.5m)
Net Issuance Payments Of Debt — — — — — — ($130k) ($127k) ($13.4m) ($19.3m)
Net Long Term Debt Issuance — — — — — — ($130k) ($127k) ($13.4m) ($19.3m)
Long Term Debt Payments — — — — — — ($130k) ($127k) ($13.4m) ($19.3m)
Repayment Of Debt — — — — — — ($130k) ($127k) ($13.4m) ($19.3m)
Dividends paid (Note 19) — ($6) ($8) ($16) ($24) ($34) ($35) ($35) ($35) ($40)
Net Other Financing Charges — — — — — — — — ($41k) ($3.5m)
Effect Of Exchange Rate Changes — — — — — — ($96k) $37k ($432k) $2.2m
Net increase in cash and cash equivalents during the year ($55.1m) ($10.3m) $5.2m $20.8m $31.0m ($8.6m) $2.6m ($841k) $50.5m $2.6m
Net cash and cash equivalents assumed on acquisition — — — — — — — — $47.5m $0
Impact of foreign exchange on cash and cash equivalents ($247k) ($181k) ($3.3m) ($7k) $36k ($42k) ($96k) $37k ($432k) $2.2m
Cash and cash equivalents, beginning of year $59.7m $49.3m $200.8m $31.1m $62.2m $53.5m $56.1m $55.3m $105.8m $108.3m
Change In Cash Supplemental As Reported — — — — — — $2.6m ($841k) $50.5m $2.6m
Interest Paid Classified As Financing Activities $5.9m $13.6m $8.3m — — — — — — —
Income taxes paid — — — — — — — — $0 ($34.1m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.