Bayhorse Silver Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.43	0.57	0.31	0.43	0.03
Cash & Short-Term Investments	0.43	0.57	0.31	0.43	0.03
Cash Growth	-24.00%	83.01%	-28.15%	1538.21%	-61.58%
Accounts Receivable	0	0.12	0	-	-
Other Receivables	-	-	-	0.15	0.07
Total Trade Receivables	0	0.12	0	0.15	0.07
Other Current Assets	0.74	0.69	0.49	0.56	0.35
Total Current Assets	1.17	1.37	0.81	1.14	0.45
Net Property, Plant & Equipment	0.93	1.17	1.7	1.91	1.51
Other Long-Term Assets	-	0.01	0.01	0.01	-
Total Assets	2.1	2.56	2.52	3.06	1.96
Accounts Payable	0.52	1.18	0.19	0.18	0.7
Accrued Expenses	0.8	0.7	0.35	0.28	0.4
Short-Term Debt	-	-	-	-	0.15
Current Portion of Long-Term Debt	0.39	0.44	0.45	0.84	1.63
Current Portion of Leases	-	-	-	-	0.62
Unearned Revenue	0.05	0.02	0.03	0.02	0.04
Other Current Liabilities	0.14	0.13	0.23	0.14	0.24
Total Current Liabilities	1.91	2.48	1.26	1.46	3.77
Other Long-Term Liabilities	0.55	0.55	-	-	-
Total Long-Term Liabilities	0.55	0.55	-	-	-
Total Liabilities	2.45	3.03	1.26	1.46	3.77
Common Stock	32.2	30.55	29.07	27.37	21.09
Additional Paid-in Capital	18.3	14.44	11.64	10.65	7.66
Retained Earnings	-	-	-39.44	-36.42	-30.57
Shareholders' Equity	-0.35	-0.47	1.26	1.6	-1.82
Total Liabilities & Equity	2.1	2.56	2.52	3.06	1.96
Total Debt	0.39	0.44	0.45	0.84	2.4
Net Cash (Debt)	0.04	0.13	-0.14	-0.4	-2.37
Net Cash Growth	-68.14%	-	-	-	-
Net Cash Per Share	-	-	-0.00	-0.00	-0.02
Book Value	-0.35	-0.47	1.26	1.6	-1.82
Book Value Per Share	-0.00	-0.00	0.01	0.01	-0.01
Tangible Book Value	-0.35	-0.47	1.26	1.6	-1.82
Tangible Book Value Per Share	-0.00	-0.00	0.01	0.01	-0.01