Montage Gold Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-49.58	-48.97	-18.49	-7.23	-18.56
Depreciation & Amortization	0.79	0.22	5	0.14	0.14
Loss (Gain) on Equity Investments	3.28	-	-	-	-
Stock-Based Compensation	6.65	7	0.89	0.52	1.11
Other Operating Activities	13.8	-1.41	-	-	-
Change in Accounts Receivable	-	-	-	-0.08	0.13
Change in Accounts Payable	-11.73	10.81	-0.74	0.79	-0.69
Change in Other Net Operating Assets	-1.11	-0.78	0.16	-	-
Operating Cash Flow	-37.9	-33.14	-13.18	-5.86	-17.87
Capital Expenditures	-354.21	-33.25	-0.29	-11.14	-0.13
Investment in Securities	-	-	0.43	-	-
Other Investing Activities	3.16	-50.33	-0	-	-
Investing Cash Flow	-351.04	-83.58	0.14	-11.14	-0.13
Issuance of Common Stock	2.91	159.31	12.99	16.36	0.04
Other Financing Activities	462.1	72.66	-0.97	-0.65	-
Financing Cash Flow	465.01	231.97	12.01	15.71	0.04
Foreign Exchange Rate Adjustments	0.4	-5.01	0.05	-0	-0.19
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-
Net Cash Flow	76.46	110.25	-0.99	-1.3	-18.16
Free Cash Flow	-392.11	-66.38	-13.47	-17	-18.01
Free Cash Flow Per Share	-1.10	-0.25	-0.08	-0.15	-0.17
Cash Interest Paid	-	-	-	0.88	-
Levered Free Cash Flow	-362.93	-30.32	-6.78	-14.38	-11.16
Unlevered Free Cash Flow	-362.92	-30.31	-6.78	-13.83	-11.16
Change in Working Capital	-12.84	10.03	-0.58	0.71	-0.56

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