Key Investment Considerations
Capital structure
Share Capital Structure as of January 20, 2026:
| Current | |
|---|---|
| Issued and outstanding shares 1 | 205.7M |
| Fully diluted shares 1 | 210.3M |
| Share price – as of January 20, 2026 | C$27.00/US$19.57 |
| Market capitalization (issued share basis) | C$5.6BM / US$4.0B |
| Cash balance 3 | >US$390M |
Long-term Debt
Capital Structure Notes:
- 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.
- Principal amounts outstanding as of September 1, 2025. The secured Gold-Linked Notes amortize on a quarterly basis in each of February, May, August and November.
- Preliminary, unaudited cash balance as of December 31, 2025.
Stock Information
Investor Information
Stay
Informed
Receive updates directly to your inbox and follow our progress.