Thesis Gold & Silver Inc.

Thesis Gold & Silver Inc.

2.54
CAD
-0.15
(-5.58%)
984.69MMarket Cap
Feb 04Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.29
-0.22
-0.11
-0.2
-0.11
-0.17
-0.14
-0.09
-0.19
-0.06
0.01
-0.01
-0.02
- -
Free Cash Flow per Basic Share
-0.02
-0.2
-0.22
-0.34
-0.25
-0.34
-0.25
-0.02
0.03
-0.12
0.03
-0.04
-0.03
-0.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.11
-0.01
0.14
0.23
0.27
0.31
0.5
1.07
1.26
1.16
0.93
0.87
0.99
0.98
Tangible Book Value per Share
0.11
-0.01
0.14
0.23
0.27
0.31
0.5
1.07
1.26
1.16
0.93
0.87
0.99
0.98
Basic Weighted Avg Shares
1
2
2
3
5
12
28
52
66
86
136
193
248
266
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
- -
- -
-1
-1
-2
-4
-5
-12
-5
1
-2
-6
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,260.25
54.64
279.36
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
1
9
33
31
26
9
12
75
70
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
Total Equity
- -
- -
- -
1
2
5
22
65
100
114
162
184
273
272
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
42.13
-1.43
5.34
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-4.54
0.64
-0.97
- -
- -
Return on Common Equity (%)
-118.92
- -
- -
-101.38
-42.78
-63.59
-28.72
-10.93
-14.93
-4.55
0.64
-0.95
-2.58
- -

Capital Structure

CAD

•

in mil. unless spec.
Nov'26
Feb'26
May'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
261
277
279
Market Capitalization
495
982
985

Working Capital

CAD

•

in mil. unless spec.
Nov'26
Feb'26
May'27
Total Current Assets
41
79
74
Cash, Cash Equivalents & STI
36
76
71
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
7
4
4
Payables & Accruals
5
2
3
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
114.77%
34.27%
48.29%
Free Cash Flow
-96.4%
-267.25%
-11.64%
Net Income, GAAP
49.96%
-9.47%
257.9%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.01
0.01
- -
- -
-0.01
2026
- -
- -
-0.01
- -
-0.02
2027
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Ewan Webster
Full Time Employees
1
Sector
Non-energy minerals
Industry
Precious metals
Address
1075 West Georgia Vancouver BC Canada V6E 3C9
IPO Date
Jan 2, 2018
Business
Thesis Gold Inc. is a Canada-based junior resource company focused on the identification, acquisition, exploration, and evaluation of mineral properties, primarily advancing its 100% owned Lawyers-Ranch Project, a gold-silver deposit in the Toodoggone Mining District of north-central British Columbia. The project encompasses 131 mining claims covering 495 square kilometers, featuring pit-constrained and underground resources including the Lawyers prospects (Cliff Creek, Dukes Ridge, Phoenix, AGB, and former Cheni Mine) and Ranch zones (Thesis III, BV, Bonanza, Silver Pond, and new Ring discovery); a 2024 Mineral Resource Estimate outlines 4.7 million ounces gold equivalent (3.98 million Measured and Indicated, 727,000 Inferred) at grades supporting open-pit and underground mining with 95% gold and 92% silver recoveries via crushing, grinding, flotation, leaching, and Merrill Crowe processing to produce concentrate and doré bullion. Incorporated in 2010 and headquartered in Edmonton, Alberta, the company targets mineral exploration operators and investors in Canada, with operations road- and air-accessible near the Kemess mine. Recent developments include filing an updated Preliminary Economic Assessment in October 2024 demonstrating after-tax NPV5% of C$1.28 billion, 35.2% IRR, US$1,013/oz AISC, and 2-year payback on 14-year mine life producing 215,000 oz/year gold equivalent; securing C$24.2 million strategic investment from Centerra Gold in April 2025 for 9.9% stake to fund technical studies and synergies; completing C$27.5 million bought-deal financing in June-July 2025 and C$10 million placement in December 2024; initiating a Pre-Feasibility Study led by Ausenco and Mining Plus in January 2025; appointing Dr. Evan Orovan as Chief Geologist and Kettina Cordero as VP Investor Relations; and discovering high-grade mineralization at the undrilled Ring zone in November 2024 with plans for 2025 drilling, environmental baseline work, and Environmental Assessment commencement. Formerly Benchmark Metals Inc., the company rebranded to Thesis Gold Inc. in August 2023 following a share exchange arrangement with Thesis Holdings Inc., and trades as TAU on TSX Venture, THSGF on OTCQX, and A3EP87 on Frankfurt.

Company News

  • Thesis Gold & Silver Submits Detailed Project Description for Its Lawyers-Ranch Gold-Silver Project

  • Thesis Gold & Silver Announces Results of Annual General and Special Meeting of Shareholders

  • Thesis Gold & Silver Announces AngloGold Ashanti to Increase Its Strategic Investment Through a C$58.5M Offering

  • Thesis Gold & Silver Receives Confirmation of Substituted Impact Assessment Process for Lawyers-Ranch

  • Thesis Gold & Silver Receives Confirmation of Substituted Impact Assessment Process for Lawyers-Ranch

  • Thesis Gold & Silver Commences 2026 Exploration and Project Advancement Programs at Lawyers-Ranch Project

  • Thesis Gold & Silver Announces Change of Auditor

  • Thesis Gold & Silver Strengthens Team with Appointment of Dimitry Demianyuk as EVP Project Development

  • VIDEO - BTV Explores Thesis Gold, Lion Copper & Gold, Brixton Metals, North American Iron, Quimbaya Gold, Canstar Resources, Capitan Silver

  • Thesis Gold & Silver Identifies Two Distinct Porphyry Targets on the Lawyers-Ranch Project

  • CEO.CA Insights: Exclusive Interviews from Mining Leaders at PDAC 2026

  • Thesis Gold Announces Strategic Investment by AngloGold Ashanti and Participation by Centerra Gold for C$44M

  • Thesis Gold Rebrands to Thesis Gold & Silver

  • Thesis Gold Strengthens Its Board of Directors with the Appointment of Ms. Coille van Alphen

  • Thesis Gold Intersects 38.00 Metres of 3.62 g/t Au at Steve Zone, Ranch Project

  • Thesis Gold Files Pre-Feasibility Technical Report for the Lawyers-Ranch Gold-Silver Project

  • CEO.CA's Inside the Boardroom: Thesis Gold PFS Results Demonstrate Major Upgrade from 2024 PEA

  • Thesis Gold Commences Environmental Assessment Process for the Lawyers-Ranch Project

  • Thesis Gold Announces Positive Prefeasibility Study for Lawyers-Ranch Project: After-Tax NPV5% of $2.37 Billion and 54.4% IRR

  • Thesis Gold Continues to Derisk Lawyers-Ranch Through Drilling