Mayfair Gold Corp. (MINE) Cash Flow Statement
Where MINE’s cash came from and went, FY2025
July 31, 2025 · Canadian dollars- Cash from operations
- −C$8.9M
- Capital expenditures
- C$8,302
- Free cash flow
- −C$8.9M
- Returned to shareholders
- —
- Change in cash
- C$28.7M cash at year-end C$38.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
MINE operating cash flow, capex and free cash flow
MINE cash flow trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −C$12.6MFY2021 | −C$8.9MFY2025 | — | |
| Capital expenditures | C$186,017FY2021 | C$8,302FY2025 | −54.0%/yr | |
| Free cash flow | −C$12.7MFY2021 | −C$8.9MFY2025 | — | |
| Stock-based compensation | C$555,611FY2021 | C$815,478FY2025 | +10.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MINE cash flow by activity
MINE net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
MINE cash flow statement in Canadian dollars
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −C$10.0M | −C$12.7M | −C$15.9M | −C$18.2M | −C$10.3M |
| Depreciation & amortization | C$30,426 | C$58,517 | C$78,978 | C$150,322 | C$89,210 |
| Stock-based compensation | C$815,478 | C$607,048 | C$2.5M | C$3.3M | C$555,611 |
| Change in working capital | C$271,885 | −C$554,864 | −C$713,184 | C$1.5M | −C$327,695 |
| Other non-cash items | −C$47,573 | −C$1.3M | −C$2.7M | −C$3.0M | −C$2.6M |
| Cash from operating activities | −C$8.9M | −C$13.8M | −C$16.8M | −C$16.3M | −C$12.6M |
| Investing activities | |||||
| Capital expenditures | −C$8,302 | −C$221 | −C$25,504 | −C$116,426 | −C$186,017 |
| Investments (net) | C$43,644 | C$0 | — | — | — |
| Acquisitions & other investing | C$0 | C$0 | C$0 | C$0 | C$0 |
| Cash from investing activities | C$35,342 | −C$221 | −C$25,504 | −C$116,426 | −C$186,017 |
| Financing activities | |||||
| Net borrowing (repayment) | — | C$0 | −C$9,966 | −C$58,867 | −C$19,272 |
| Shares issued | C$37.4M | C$5.9M | C$23.4M | C$11.3M | C$22.7M |
| Other financing | C$112,504 | C$4.0M | C$163,704 | C$0 | C$0 |
| Cash from financing activities | C$37.5M | C$9.9M | C$23.5M | C$11.2M | C$22.6M |
| Summary | |||||
| Net change in cash | C$28.7M | −C$4.0M | C$6.7M | −C$5.2M | C$9.9M |
| Cash at end of period | C$38.2M | C$9.5M | C$13.5M | C$6.8M | C$12.0M |
| Free cash flow | −C$8.9M | −C$13.8M | −C$16.8M | −C$16.5M | −C$12.7M |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −C$7.4M | −C$7.4M | −C$7.3M | −C$3.8M | −C$2.2M | −C$2.1M | −C$1.8M | −C$2.2M | −C$1.4M |
| Depreciation & amortization | C$8,840 | C$8,840 | C$7,246 | C$7,607 | C$7,750 | C$7,955 | C$7,114 | C$8,079 | C$16,813 |
| Stock-based compensation | — | C$262,987 | C$563,508 | C$216,533 | C$173,730 | C$189,251 | C$235,964 | C$75,867 | C$116,774 |
| Change in working capital | C$135,554 | C$135,554 | −C$53,743 | −C$165,529 | C$563,220 | C$149,319 | −C$275,125 | C$223,125 | −C$974,440 |
| Other non-cash items | C$264,180 | C$1,193 | −C$1,061 | C$14,440 | −C$28,605 | −C$22,585 | −C$10,823 | −C$4,207 | C$12,773 |
| Cash from operating activities | −C$6.9M | −C$6.9M | −C$6.8M | −C$3.7M | −C$1.5M | −C$1.8M | −C$1.9M | −C$1.9M | −C$2.3M |
| Investing activities | |||||||||
| Capital expenditures | −C$2.5M | −C$2.5M | −C$16,373 | −C$3,000 | C$0 | −C$3,435 | −C$1,867 | −C$221 | C$0 |
| Investments (net) | — | −C$31,697 | C$0 | C$0 | C$3.0M | C$0 | −C$3.0M | — | C$0 |
| Acquisitions & other investing | −C$31,711 | −C$14 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | — |
| Cash from investing activities | −C$2.6M | −C$2.6M | −C$16,373 | −C$3,000 | C$3.0M | −C$3,435 | −C$3.0M | −C$221 | — |
| Financing activities | |||||||||
| Net borrowing (repayment) | — | — | — | — | — | — | — | C$0 | C$0 |
| Shares issued | C$0 | C$0 | C$0 | C$0 | C$37.4M | C$0 | C$0 | C$5.9M | C$0 |
| Other financing | C$254,149 | C$254,149 | C$935,941 | C$112,504 | C$0 | C$0 | C$0 | C$163,830 | C$502,750 |
| Cash from financing activities | C$254,149 | C$254,149 | C$935,941 | C$112,504 | C$37.4M | C$0 | C$0 | C$6.0M | C$502,750 |
| Summary | |||||||||
| Net change in cash | −C$10.0M | −C$10.0M | −C$6.4M | −C$3.6M | C$38.9M | −C$1.8M | −C$4.9M | C$4.1M | −C$1.8M |
| Cash at end of period | C$23.0M | C$23.0M | C$32.4M | C$38.2M | C$41.8M | C$2.9M | C$4.7M | C$9.5M | C$5.4M |
| Free cash flow | −C$9.5M | −C$9.5M | −C$6.8M | −C$3.7M | −C$1.5M | −C$1.8M | −C$1.9M | −C$1.9M | −C$2.3M |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported; data from EODHD.
MINE cash generation
In fiscal 2025 (ended July 31, 2025), Mayfair Gold generated -C$8.9 million of cash from operations and spent C$0.0 million on capital expenditures, leaving free cash flow of -C$8.9 million. Cash and equivalents rose by C$28.7 million over the year.
Related: MINE income statement, MINE balance sheet. See the MINE stock overview for the latest quote and news.
MINE cash flow FAQ
What is Mayfair Gold's free cash flow?
Mayfair Gold's free cash flow was -C$8.9 million in fiscal 2025: -C$8.9 million of operating cash flow minus C$0.0 million of capital expenditures It was -C$13.8 million a year earlier..
How much cash does Mayfair Gold generate from operations?
Mayfair Gold generated -C$8.9 million of cash from operating activities in fiscal 2025.
How much does Mayfair Gold spend on capital expenditures?
Mayfair Gold spent C$0.0 million on capital expenditures in fiscal 2025, compared with C$0.0 million the year before.