Key Investment Considerations
Capital structure
Share Capital Structure as of July 6, 2026:
| Current | |
|---|---|
| Issued and outstanding shares 1 | 206.4M |
| Fully diluted shares 1 | 210.6M |
| Share price | C$22.69/US$15.98 |
| Market capitalization (issued share basis) | C$4.7B / US$3.3B |
| Cash balance 3 | US$425M |
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 as of June 30, 2026, subject to final reconciliation.
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