Minco Silver Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	6.03	5.46	7.76	7.53	5.02	15.43
Short-Term Investments	9.38	2.85	1.85	3.99	4.99	17.13
Trading Asset Securities	33.94	23.5	25.97	30.96	23.13	0.3
Cash & Short-Term Investments	49.35	31.8	35.57	42.49	33.14	32.87
Cash Growth	58.43%	-10.61%	-16.27%	28.21%	0.82%	4.37%
Other Receivables	0.16	2.37	1.11	0.31	2.28	0.42
Receivables	0.16	9.87	8.2	7.95	13.33	10.01
Prepaid Expenses	0.25	0.57	0.28	0.35	0.36	0.27
Total Current Assets	49.77	42.24	44.05	50.79	46.83	43.15
Property, Plant & Equipment	0.46	0.69	0.93	1.28	1.15	0.66
Long-Term Investments	1.23	1.78	0.66	0.35	0.74	3.33
Other Long-Term Assets	0.07	0.07	0.07	0.07	0.07	-
Total Assets	51.52	44.79	45.71	52.49	48.79	47.15
Accounts Payable	0.38	0.23	0.23	0.21	0.22	0.41
Accrued Expenses	0.71	0.21	0.1	0	0.04	0.06
Current Portion of Leases	0.24	0.25	0.22	0.21	0.17	0.14
Current Income Taxes Payable	-	-	-	0.6	0.64	0.32
Other Current Liabilities	0.35	1.32	1.14	1.14	1.57	0.35
Total Current Liabilities	1.67	2.01	1.69	2.17	2.64	1.27
Long-Term Leases	0.09	0.28	0.54	0.78	0.57	0.05
Long-Term Deferred Tax Liabilities	-	-	1.15	1.36	0.4	0.06
Total Liabilities	1.75	2.29	3.38	4.31	3.61	1.38
Common Stock	108.03	107.81	107.81	107.81	107.81	107.81
Additional Paid-In Capital	28.63	28.58	28.43	28.02	27.73	27.6
Retained Earnings	-88.96	-96.14	-94.09	-90.07	-93.21	-91.66
Comprehensive Income & Other	3.51	3.64	1.51	3.72	4.13	3.27
Total Common Equity	51.2	43.89	43.67	49.48	46.46	47.02
Minority Interest	-1.43	-1.39	-1.35	-1.31	-1.28	-1.25
Shareholders' Equity	49.77	42.5	42.32	48.17	45.18	45.77
Total Liabilities & Equity	51.52	44.79	45.71	52.49	48.79	47.15
Total Debt	0.32	0.53	0.76	0.99	0.74	0.19
Net Cash (Debt)	49.03	31.27	34.81	41.49	32.4	32.68
Net Cash Growth	60.38%	-10.18%	-16.10%	28.06%	-0.87%	5.01%
Net Cash Per Share	0.80	0.51	0.57	0.68	0.53	0.54
Filing Date Shares Outstanding	61.63	61.03	61.03	61.03	61.03	61.03
Total Common Shares Outstanding	61.63	61.03	61.03	61.03	61.03	61.03
Working Capital	48.1	40.24	42.36	48.62	44.19	41.88
Book Value Per Share	0.83	0.72	0.72	0.81	0.76	0.77
Tangible Book Value	51.2	43.89	43.67	49.48	46.46	47.02
Tangible Book Value Per Share	0.83	0.72	0.72	0.81	0.76	0.77
Machinery	1.17	1.17	1.12	1.13	1.13	1.13
Leasehold Improvements	0.87	0.85	0.83	0.83	0.84	0.81

Source: S&P Global Market Intelligence. Standard template. Financial Sources.