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	43.32	26.34	27.82	34.95	28.12	17.44
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%
Accounts Receivable	0.13	2.34	1.07	0.14	2.11	0.4
Other Receivables	0.03	7.53	7.13	7.81	11.22	9.61
Total Trade Receivables	0.16	9.87	8.2	7.95	13.33	10.01
Other Current Assets	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
Net 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
Current Portion of Leases	0.24	0.25	0.22	0.21	0.17	0.14
Other Current Liabilities	1.05	1.53	1.24	1.75	2.25	0.73
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
Other Long-Term Liabilities	-	-	1.15	1.36	0.4	0.06
Total Long-Term Liabilities	0.09	0.28	1.69	2.14	0.97	0.11
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
Accumulated Other Comprehensive Income	3.51	3.64	1.51	3.72	4.13	3.27
Retained Earnings	-88.96	-96.14	-94.09	-90.07	-93.21	-91.66
Total Common Shareholders' 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	56.78%	-10.18%	-16.10%	28.06%	-0.87%	5.01%
Net Cash Per Share	0.79	0.51	0.57	0.68	0.53	0.54
Book Value	51.2	43.89	43.67	49.48	46.46	47.02
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

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.