Investors

Key Investment Considerations

Capital structure

Share Capital Structure as of August 4, 2025:

Current
Issued and outstanding shares 1202.3M
Fully diluted shares 1206.8M
Share price – as of August 5, 2025C$10.61/US$7.71
Market capitalization (issued share basis)C$2.1BM / US$1.6B
Cash balance (as of June 30, 2025)US$310M

Long-term Debt

ISIN IDPrincipal (US$M) 2MaturityIndenture
Senior Unsecured 8.000%, B1 / B+ / B+ by Moody’s, S&P and FitchUSC04492AA97
US04040YAB56
450.0Oct 31, 2029link
Gold-Linked Secured 7.5% Notes (listed, Cboe Canada exchange)CA04041BAA6736Aug 26, 2027link

Capital Structure Notes:

  1. Does not include the additional 6,000,000 contingent shares issuable to Mubadala on receipt of the environmental license to develop PSN – refer to news release dated June 28, 2024 for details.
  2. Principal amounts outstanding as of May 31, 2025.