View Past PerformanceFalco Resources バランスシートの健全性財務の健全性 基準チェック /16Falco Resourcesの総株主資本はCA$67.1M 、総負債はCA$38.9Mで、負債比率は58%となります。総資産と総負債はそれぞれCA$181.9MとCA$114.8Mです。主要情報57.97%負債資本比率CA$38.89m負債インタレスト・カバレッジ・レシオn/a現金CA$9.15mエクイティCA$67.08m負債合計CA$114.79m総資産CA$181.87m財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Jun 17+ 1 more updateFalco Resources Ltd. Announces Updated Feasibility Study for Horne 5 ProjectFalco Resources Ltd. announced the results of an updated feasibility study for its 100%-owned Horne 5 Gold Project located in Rouyn-Noranda, Québec, Canada. The 2026 Feasibility Study confirms Horne 5 as a large-scale, long-life gold project capable of generating substantial cash flow and strong returns for shareholders. The 2026 FS reaffirms that the Horne 5 Project represents a robust, high margin, 15-year underground mining project with compelling economic returns. At a gold price of US$3,600/oz, the 2026 FS shows that the Horne 5 Project would generate an after-tax NPV5% of CAD 3,350 million and an after-tax IRR of 28.2%. Under this scenario, the mine is positioned to emerge as a significant gold producer in Québec, delivering average annual payable gold production of 220,300 payable ounces over the LOM, at a competitive AISC of US$782/oz, net of by-product credits from copper, zinc and silver production. The Project generates projected life-of-mine after-tax cash flow of CAD 6,400 million and average annual after-tax cash flow of CAD 542.5 million. The Project has low average all-in sustaining costs (“AISC”) of US$782/oz and is poised to be a 1 quartile low-cost gold producer worldwide. Forward capital and pre-production costs are CAD 1,750 million, including 10.9% contingency. The Project has a LOM of 15 years with the potential for further underground development. The Project contributes more than CAD 4,400 million in taxes and mining duties over its LOM. The Project supports local employment with up to 900 direct jobs created during peak construction and 500 permanent jobs during operations. The Project supports Québec’s energy transition and economic decarbonization through significant value-added critical and strategic minerals. Québec's environmental review process continues to advance, with written confirmation from the Ministry of the environment that their analysis is progressing well and that solutions have been identified for key environmental issues. The Project is located in Québec’s prolific Rouyn-Noranda mining camp and benefits from extensive existing infrastructure, including road and rail access, hydro-electric power distribution system, and a well-established local contractor and supplier base. The Project is situated adjacent to the Horne smelting facility, owned and operated by Glencore Canada Corporation. The 2026 Feasibility Study was prepared through the collaboration of several industry-recognized consulting firms, including BBA Inc., WSP Canada Inc., ASDR Canada inc., Norda Stelo Inc., and Ingénierie RIVVAL Inc. The Mineral Resources presented in the 2026 FS are based upon an updated mineral resource estimate effective as of June 2, 2026. The Horne 5 deposit contains, based on an NSR cut-off of CAD 75/t, Measured Mineral Resources of 13.0 million tonnes at CAD 203.47/t NSR value, Indicated Mineral Resources of 109.4 million tonnes at CAD 204.98/t NSR value, and Inferred Mineral Resources of 30.1 million tonnes at CAD 191.98/t NSR value. The Mineral Reserve estimate for the Horne 5 Project (effective as of June 2, 2026) was prepared by Geneviève Auger, P.Eng., an employee of Norda Stelo. The Mineral Reserve estimate stated herein is prepared following the CIM Standards on Mineral Resources and Mineral Reserves and is suitable for public reporting. The reserve is constrained to align with the parameters used in the project approval process. The metal prices used in the mineral reserves are gold US$3,600/oz, copper US$4.80/lb, zinc US$1.35/lb, silver US$50.00/oz and at an exchange rate of CAD 1.34: US$1.00. The Project is designed to process approximately 15,800 tonnes of mineralized material per day through a conventional Semi-Autogenous Grinding (SAG) and ball milling circuit. The process plant will recover copper, zinc, gold, and silver through a combination of flotation and leaching technologies. Over the life of mine, average payable recoveries are estimated at 88.3% for gold, 75.7% for copper, 72.8% for zinc, and 74.2% for silver. The Project is expected to produce a copper concentrate grading approximately 16% copper and a zinc concentrate grading approximately 52% zinc, both containing payable gold and silver credits. The Horne 5 Project is located within the industrial park and former mining infrastructure footprint of the City of RN, a well-established mining community of over 42,000 residents. The Project benefits from extensive existing infrastructure, as well as a deep regional pool of underground mining expertise. The Horne 5 Project is located approximately 1.1 km from Route 101 and 4.0 km from the Trans-Canada Highway, with all essential services readily accessible on site. The Horne 5 Project is also situated less than 700 meters from the Glencore Smelter. Future mine development is planned within the former Quemont mine site, for which Falco has acquired the surface rights. Electric power is expected to be supplied at 120 kV, originating from the nearby Hydro-Québec, Rouyn-Noranda substation. Environmental baseline studies were initiated in 2016 and have continued to support the permitting process and the project timeline. The Horne 5 Project is subject to a provincial environmental impact assessment and review procedure under the Environment Quality Act, including public hearings and the issuance of a decree by the provincial government. The EIA of the Project was filed with the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks in January 2018, was confirmed admissible in March 2024, allowing the public information and consultation process led by the Québec Environmental Public Hearings Board to begin. Public hearings conducted by the BAPE were held in Rouyn-Noranda in the August-October 2024 period. Following these consultations, the BAPE’s report was published in January 2025 providing its recommendations to support the government’s decision to whether to authorize the Project. Since the publication of the BAPE’s report, the MEFACCWP has continued its environmental review of the Project which is expected to be completed in the Fall of 2026. As part of its ongoing discussions with the MEFACCWP, Falco has obtained written confirmation that the government’s analysis is progressing well and that the information provided to date has led to specific solutions for the identified environmental issues. The Project is expected to generate more than CAD 4,400 million in taxes and mining duties over the LOM, creating a significant and long-lasting source of revenue for governments and communities to support public services, infrastructure, healthcare, education, and other key priorities.New Risk • May 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.9m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding).Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Chair of the Board Alex Dann was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 22Falco Resources Ltd Launches High-Resolution Heliborne Magnetic Survey in Western Noranda CampFalco Resources Ltd. announced the expansion of its exploration initiatives through the launch of a high-resolution heliborne magnetic survey over the western portion of its substantial landholdings within the Noranda Mining Camp, located in the region of Abitibi, Québec. The initial survey, completed late last year, identified several underexplored areas with strong VMS potential. These targets have now been prioritized for further work. The Helimag Program is in progress and is carried out by Geo Data Solutions GDS Inc. of Laval, Québec. This program covers approximately 180 km². The parameters of this program include flight lines spaced 50 meters apart. Upon completion of the Helimag Program, the Corporation will undertake an integrated analysis incorporating geological, geochemical, and additional ground-based geophysical data. This work is expected to support the design of a potential drill program, which could be initiated in the second half of 2026. The Corporation launched an Airborne Gravity Gradiometry survey, a first for the region. The Airborne Gravity Gradiometry survey identified several felsic domes in the Western Camp, consistent with the geophysical signatures observed in the Central Camp, known for high-grade VMS deposits. The Helimag Program has been recommended as the next phase of exploration in the Western Camp.Board Change • Dec 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Chair of the Board Alex Dann was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Dec 17Falco Resources Ltd. Announces Board Changes, Effective December 16, 2025Falco Resources Ltd. also announced that Mr. Alexander Dann has been appointed as Chair of the Board, effective immediately, succeeding Mr. Mario Caron, who will continue to serve as lead director. Mr. Dann has served on the Board since 2021 and is a member of the Corporation’s audit committee.お知らせ • Oct 28Falco Resources Ltd. announced that it expects to receive CAD 2 million in fundingFalco Resources Ltd.. announced a private placement on bought deal basis of 6,250,000 units at a price of CAD 0.32 per Unit for an aggregate purchase price of CAD 2,000,000, in connection with a "bought deal" private placement of 41,005,000 Units completed by Falco. Each Unit consisted of one common share of Falco and one-half of one Common Share purchase warrant of Falco.お知らせ • Oct 18Falco Resources Ltd. announced that it has received CAD 12 million in funding from Osisko Development Corp. and other investorsOn October 17, 2025, Falco Resources Ltd. closed the transaction. The company issued 41,005,000 units at an issue price of CAD 0.32 for gross proceeds of CAD 13,121,600. Related parties of the corporation, including Osisko Development Corp. and certain directors and officers of the corporation, subscribed for an aggregate of 7,455,000 units. Each warrant is exercisable to acquire one common share at a price of CAD 0.46 at any time on or before April 17, 2027. All common shares and warrants issued pursuant to the offering are subject to a hold period of four months plus one day from the date of issuance of such securities under applicable securities laws in Canada.お知らせ • Oct 06Falco Resources Ltd., Annual General Meeting, Dec 15, 2025Falco Resources Ltd., Annual General Meeting, Dec 15, 2025.お知らせ • Sep 30Falco Resources Ltd. announced that it expects to receive CAD 10 million in fundingFalco Resources Ltd. announced an agreement with Cantor Fitzgerald as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters on September 29, 2025, connection with a bought deal private placement of 31,250,000 units at a price of CAD0.32 per Unit for aggregate gross proceeds of CAD 10,000,000. Each Unit will consist of one common share of the Corporation and one half of one Common Share purchase warrant. Each whole Warrant shall entitle the holder to purchase one Common Share at a price of CAD 0.46 at any time on or before that date which is 18 months after the Closing Date. In addition, the Corporation will grant the Underwriters an option to increase the size of the Offering by up to an additional 4,687,500 Units on the same terms and conditions as the Offering for additional gross proceeds of CAD 1,500,000, by giving written notice of the exercise of the Option, or a part thereof, to the Corporation at any time up to 48 hours prior to Closing Date. The Offering is anticipated to close on or about October 17, 2025 or such other date as the Corporation and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.お知らせ • Dec 21Falco Resources Ltd. announced that it has received CAD 6 million in fundingOn December 20, 2024, Falco Resources Ltd., closed the transaction. The company issued 24,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 6,000,000 in the transaction. In connection with the closing of the Offering, the Corporation paid the Agent a cash commission totaling CAD 324,000 and has issued the Agent 1,152,000 non-transferrable compensation warrants.お知らせ • Dec 09Falco Resources Ltd. announced that it expects to receive CAD 5 million in fundingFalco Resources Ltd. announced a "best efforts" private placement of 20,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of up to CAD 5,000,000 on December 9, 2024. Each Unit will consist of one common share of the Corporation and one common share purchase warrant. Each Warrant shall entitle the holder to purchase one Common Share at a price of CAD 0.35. The Offering is anticipated to close on or about December 20, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Offering may also be offered in the United States to "accredited investors" (as defined in Rule 501(a) of Regulation D) pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada in accordance with applicable law. The Corporation has granted the Agent an option, on the same terms and conditions as the Offering, exercisable until the second business day prior to the closing date of the Offering, to sell up to an additional CAD 1,000,000 in Units. If the Agents' Option is exercised in full, the aggregate gross proceeds of the Offering would be CAD 6,000,000お知らせ • Oct 28Falco Resources Ltd. Advances Towards Development of the Horne 5 ProjectFalco Resources Ltd. provided a corporate update on its Horne 5 Project located in Rouyn-Noranda, Quebec (the "Falco Horne 5 Project" or the "Project"). Following the completion of the public hearing process with the Office of Public Hearings on the Environment ("BAPE"), Falco continues to file documentation and provide responses to the BAPE, in view of the completion of its report, which is due for submission to the Minister of the Environment, the Fight Against Climate Change, Wildlife and Parks by December 26, 2024. Also, with the continued strength in gold and copper, Falco will work towards updating the 2021 Feasibility Study, which utilized a gold price of USD 1,600 and a copper price of USD 3.25/lb, with targeted completion for H1-2025. World-Class Deposit: Massive sulphide polymetallic deposit (Au, Ag, Cu, Zn); High-volume underground mining favoring the best modern extraction technologies; Annual production (approximately 220,000 oz Au /330,000 oz AuEq) over a 15-year mine life; 2021 Feasibility Study reflects robust financial parameters based on a gold price of $1,600/oz and is highly sensitive to the gold price: Each increase in the gold price by USD 100/oz provides an approximate increase of USD 100 million in the after-tax net present value ("NPV") of the Project. The 2021 Feasibility Study will be updated in H1-2025 to reflect the full potential of the Project in this dynamic gold environment; Poised to be a low-cost gold producer, with all-in sustaining costs ("AISC") below USD 600/oz (net of by-product credits); Meaningful critical minerals exposure: Falco will be one of the producers of copper (247M lbs) and zinc (1,190M lbs) in Quebec; Significant high potential exploration upside with +67,000 ha owned around the Project. Real Infrastructure Advantage: Significant infrastructure in Rouyn-Noranda., including roads, railways, hydro-electric power distribution system and qualified mining labor expertise & supplier base; Adjacent to the Project is a copper smelting facility owned by Glencore Canada Corporation ("Glencore") Opportunity to leverage existing infrastructure, including the former Quemont shaft Strong Stakeholder Relationships; Strong partners and positive stakeholder relations; A silver stream agreement with Osisko Gold Royalties Ltd. to help fund Project capex (up to CAD 180 million with CAD 35 million drawn); OLIA with Glencore sets out the terms upon which Falco can utilize a portion of Glencore's lands to develop and operate the Project; Life of mine copper and zinc concentrate offtake agreements with Glencore.お知らせ • Sep 30Falco Resources Ltd., Annual General Meeting, Dec 10, 2024Falco Resources Ltd., Annual General Meeting, Dec 10, 2024.New Risk • Sep 20New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (€64.8m market cap, or US$72.3m).お知らせ • Aug 26Falco Resources Ltd. Announces the Creation and Establishment of Technical and Strategic CommitteesFalco Resources Ltd. announced the creation and establishment of Technical and Strategic Committees (collectively the Committees), as contemplated by the terms of the Operating Licence and Indemnity Agreement (OLIA) concluded with Glencore Canada Corporation (Glencore) on January 23, 2024. The Technical Committee will focus among others, on determining ongoing operating parameters within which Falco can conduct operations of the Falco Horne 5 Project so as to (i) not interfere with the Horne Smelter, (ii) minimize and control risks to the Horne Smelter, (iii) determine and adopt mitigation measures as required, (iv) determine further monitoring, data collection and/or studies as required and (v) determine any other matters with respect to potential risks to the Horne Smelter from Falco's operations. The Technical Committee will be composed of four members as follows: Mr. Wouter Vanaarde, Engineering Manager - Glencore; Ms. Marie-Élise Viger, Environnemental Manager - Glencore; Mr. Luc Lessard, President and CEO - Falco; Ms. Hélène Cartier, Vice President, Environment, Sustainable Development and Community Relations - Falco. The Strategic Committee will be a forum for discussion and the exchange of information on matters of strategic importance to the interaction of the development, construction, operation and closure of the project with the Horne Smelter operations, the search for synergies, matters relating to community and regulatory agency engagement and stakeholder concerns and the sharing of information on the Falco Horne 5 Project and Horne Smelter. The Strategic Committee will be composed of three members as follows: Mr. Danny Tremblay, Manager for Commercial & Recycling Sites Operations - Glencore; Mr. Luc Lessard, President and CEO - Falco; Ms. Hélène Cartier, Vice President, Environment, Sustainable Development and Community Relations - Falco.New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (€42.7m market cap, or US$46.2m).Board Change • Jul 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Independent Director Alex Dann was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Jun 28Falco Resources Ltd. Announces Resignation of Claude Dufresne as Board MemberFalco Resources Ltd. announced that Mr. Claude Dufresne has resigned as a member of the Board of Directors so that he may focus his efforts on other professional duties.お知らせ • Jun 08Falco Resources Ltd. announced that it expects to receive CAD 5 million in fundingFalco Resources Ltd. announced a best effort basis private placement of 17,391,304 units at a price of CAD 0.23 per share for the gross proceeds of CAD 4,000,000 and 3,571,429 flow-through shares at a price of CAD 0.27999 per share for the gross proceeds of CAD 1,000,000 for the total gross proceeds of CAD 5,000,000 on June 7, 2024. Each unit will consist of one common share of the Corporation and one half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share at a price of CAD 0.35 at any time on or before that date which is 24 months after the closing date of the offering. The corporation has granted the Agents an option, on the same terms and conditions as the Offering, exercisable until the second business day prior to the closing date of the Offering, to sell up to an additional CAD 1,000,000 in Offered Securities including up to CAD 250,000 additional FT Shares. If the Agents’ Option is exercised in full, the aggregate gross proceeds of the Offering would be CAD 6.0 million. The transaction is expected to close on or about June 27, 2024. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV.お知らせ • Nov 11Falco Resources Ltd., Annual General Meeting, Jan 24, 2024Falco Resources Ltd., Annual General Meeting, Jan 24, 2024.Is New 90 Day High Low • Mar 06New 90-day low: €0.23The company is down 22% from its price of €0.29 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 49% over the same period.Is New 90 Day High Low • Nov 11New 90-day low: €0.23The company is down 16% from its price of €0.27 on 13 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.財務状況分析短期負債: 8FPの 短期資産 ( CA$10.0M ) は 短期負債 ( CA$41.8M ) をカバーしていません。長期負債: 8FPの短期資産 ( CA$10.0M ) は 長期負債 ( CA$73.0M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: 8FPの 純負債対資本比率 ( 44.3% ) は 高い と見なされます。負債の削減: 8FPの負債対資本比率は、過去 5 年間で31.9%から58%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 8FPは、現在の フリーキャッシュフロー に基づき、1 年以上にわたって十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: フリーキャッシュフローが毎年4.1 % の歴史的率で成長し続ける場合、 8FPのキャッシュランウェイは 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YMaterials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/17 11:42終値2026/06/17 00:00収益2026/03/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Falco Resources Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Andrew MikitchookBMO Capital Markets Equity ResearchMatthew MurphyBMO Capital Markets Equity ResearchKevin MackenzieCanaccord Genuity7 その他のアナリストを表示
お知らせ • Jun 17+ 1 more updateFalco Resources Ltd. Announces Updated Feasibility Study for Horne 5 ProjectFalco Resources Ltd. announced the results of an updated feasibility study for its 100%-owned Horne 5 Gold Project located in Rouyn-Noranda, Québec, Canada. The 2026 Feasibility Study confirms Horne 5 as a large-scale, long-life gold project capable of generating substantial cash flow and strong returns for shareholders. The 2026 FS reaffirms that the Horne 5 Project represents a robust, high margin, 15-year underground mining project with compelling economic returns. At a gold price of US$3,600/oz, the 2026 FS shows that the Horne 5 Project would generate an after-tax NPV5% of CAD 3,350 million and an after-tax IRR of 28.2%. Under this scenario, the mine is positioned to emerge as a significant gold producer in Québec, delivering average annual payable gold production of 220,300 payable ounces over the LOM, at a competitive AISC of US$782/oz, net of by-product credits from copper, zinc and silver production. The Project generates projected life-of-mine after-tax cash flow of CAD 6,400 million and average annual after-tax cash flow of CAD 542.5 million. The Project has low average all-in sustaining costs (“AISC”) of US$782/oz and is poised to be a 1 quartile low-cost gold producer worldwide. Forward capital and pre-production costs are CAD 1,750 million, including 10.9% contingency. The Project has a LOM of 15 years with the potential for further underground development. The Project contributes more than CAD 4,400 million in taxes and mining duties over its LOM. The Project supports local employment with up to 900 direct jobs created during peak construction and 500 permanent jobs during operations. The Project supports Québec’s energy transition and economic decarbonization through significant value-added critical and strategic minerals. Québec's environmental review process continues to advance, with written confirmation from the Ministry of the environment that their analysis is progressing well and that solutions have been identified for key environmental issues. The Project is located in Québec’s prolific Rouyn-Noranda mining camp and benefits from extensive existing infrastructure, including road and rail access, hydro-electric power distribution system, and a well-established local contractor and supplier base. The Project is situated adjacent to the Horne smelting facility, owned and operated by Glencore Canada Corporation. The 2026 Feasibility Study was prepared through the collaboration of several industry-recognized consulting firms, including BBA Inc., WSP Canada Inc., ASDR Canada inc., Norda Stelo Inc., and Ingénierie RIVVAL Inc. The Mineral Resources presented in the 2026 FS are based upon an updated mineral resource estimate effective as of June 2, 2026. The Horne 5 deposit contains, based on an NSR cut-off of CAD 75/t, Measured Mineral Resources of 13.0 million tonnes at CAD 203.47/t NSR value, Indicated Mineral Resources of 109.4 million tonnes at CAD 204.98/t NSR value, and Inferred Mineral Resources of 30.1 million tonnes at CAD 191.98/t NSR value. The Mineral Reserve estimate for the Horne 5 Project (effective as of June 2, 2026) was prepared by Geneviève Auger, P.Eng., an employee of Norda Stelo. The Mineral Reserve estimate stated herein is prepared following the CIM Standards on Mineral Resources and Mineral Reserves and is suitable for public reporting. The reserve is constrained to align with the parameters used in the project approval process. The metal prices used in the mineral reserves are gold US$3,600/oz, copper US$4.80/lb, zinc US$1.35/lb, silver US$50.00/oz and at an exchange rate of CAD 1.34: US$1.00. The Project is designed to process approximately 15,800 tonnes of mineralized material per day through a conventional Semi-Autogenous Grinding (SAG) and ball milling circuit. The process plant will recover copper, zinc, gold, and silver through a combination of flotation and leaching technologies. Over the life of mine, average payable recoveries are estimated at 88.3% for gold, 75.7% for copper, 72.8% for zinc, and 74.2% for silver. The Project is expected to produce a copper concentrate grading approximately 16% copper and a zinc concentrate grading approximately 52% zinc, both containing payable gold and silver credits. The Horne 5 Project is located within the industrial park and former mining infrastructure footprint of the City of RN, a well-established mining community of over 42,000 residents. The Project benefits from extensive existing infrastructure, as well as a deep regional pool of underground mining expertise. The Horne 5 Project is located approximately 1.1 km from Route 101 and 4.0 km from the Trans-Canada Highway, with all essential services readily accessible on site. The Horne 5 Project is also situated less than 700 meters from the Glencore Smelter. Future mine development is planned within the former Quemont mine site, for which Falco has acquired the surface rights. Electric power is expected to be supplied at 120 kV, originating from the nearby Hydro-Québec, Rouyn-Noranda substation. Environmental baseline studies were initiated in 2016 and have continued to support the permitting process and the project timeline. The Horne 5 Project is subject to a provincial environmental impact assessment and review procedure under the Environment Quality Act, including public hearings and the issuance of a decree by the provincial government. The EIA of the Project was filed with the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks in January 2018, was confirmed admissible in March 2024, allowing the public information and consultation process led by the Québec Environmental Public Hearings Board to begin. Public hearings conducted by the BAPE were held in Rouyn-Noranda in the August-October 2024 period. Following these consultations, the BAPE’s report was published in January 2025 providing its recommendations to support the government’s decision to whether to authorize the Project. Since the publication of the BAPE’s report, the MEFACCWP has continued its environmental review of the Project which is expected to be completed in the Fall of 2026. As part of its ongoing discussions with the MEFACCWP, Falco has obtained written confirmation that the government’s analysis is progressing well and that the information provided to date has led to specific solutions for the identified environmental issues. The Project is expected to generate more than CAD 4,400 million in taxes and mining duties over the LOM, creating a significant and long-lasting source of revenue for governments and communities to support public services, infrastructure, healthcare, education, and other key priorities.
New Risk • May 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.9m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding).
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Chair of the Board Alex Dann was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 22Falco Resources Ltd Launches High-Resolution Heliborne Magnetic Survey in Western Noranda CampFalco Resources Ltd. announced the expansion of its exploration initiatives through the launch of a high-resolution heliborne magnetic survey over the western portion of its substantial landholdings within the Noranda Mining Camp, located in the region of Abitibi, Québec. The initial survey, completed late last year, identified several underexplored areas with strong VMS potential. These targets have now been prioritized for further work. The Helimag Program is in progress and is carried out by Geo Data Solutions GDS Inc. of Laval, Québec. This program covers approximately 180 km². The parameters of this program include flight lines spaced 50 meters apart. Upon completion of the Helimag Program, the Corporation will undertake an integrated analysis incorporating geological, geochemical, and additional ground-based geophysical data. This work is expected to support the design of a potential drill program, which could be initiated in the second half of 2026. The Corporation launched an Airborne Gravity Gradiometry survey, a first for the region. The Airborne Gravity Gradiometry survey identified several felsic domes in the Western Camp, consistent with the geophysical signatures observed in the Central Camp, known for high-grade VMS deposits. The Helimag Program has been recommended as the next phase of exploration in the Western Camp.
Board Change • Dec 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Chair of the Board Alex Dann was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Dec 17Falco Resources Ltd. Announces Board Changes, Effective December 16, 2025Falco Resources Ltd. also announced that Mr. Alexander Dann has been appointed as Chair of the Board, effective immediately, succeeding Mr. Mario Caron, who will continue to serve as lead director. Mr. Dann has served on the Board since 2021 and is a member of the Corporation’s audit committee.
お知らせ • Oct 28Falco Resources Ltd. announced that it expects to receive CAD 2 million in fundingFalco Resources Ltd.. announced a private placement on bought deal basis of 6,250,000 units at a price of CAD 0.32 per Unit for an aggregate purchase price of CAD 2,000,000, in connection with a "bought deal" private placement of 41,005,000 Units completed by Falco. Each Unit consisted of one common share of Falco and one-half of one Common Share purchase warrant of Falco.
お知らせ • Oct 18Falco Resources Ltd. announced that it has received CAD 12 million in funding from Osisko Development Corp. and other investorsOn October 17, 2025, Falco Resources Ltd. closed the transaction. The company issued 41,005,000 units at an issue price of CAD 0.32 for gross proceeds of CAD 13,121,600. Related parties of the corporation, including Osisko Development Corp. and certain directors and officers of the corporation, subscribed for an aggregate of 7,455,000 units. Each warrant is exercisable to acquire one common share at a price of CAD 0.46 at any time on or before April 17, 2027. All common shares and warrants issued pursuant to the offering are subject to a hold period of four months plus one day from the date of issuance of such securities under applicable securities laws in Canada.
お知らせ • Oct 06Falco Resources Ltd., Annual General Meeting, Dec 15, 2025Falco Resources Ltd., Annual General Meeting, Dec 15, 2025.
お知らせ • Sep 30Falco Resources Ltd. announced that it expects to receive CAD 10 million in fundingFalco Resources Ltd. announced an agreement with Cantor Fitzgerald as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters on September 29, 2025, connection with a bought deal private placement of 31,250,000 units at a price of CAD0.32 per Unit for aggregate gross proceeds of CAD 10,000,000. Each Unit will consist of one common share of the Corporation and one half of one Common Share purchase warrant. Each whole Warrant shall entitle the holder to purchase one Common Share at a price of CAD 0.46 at any time on or before that date which is 18 months after the Closing Date. In addition, the Corporation will grant the Underwriters an option to increase the size of the Offering by up to an additional 4,687,500 Units on the same terms and conditions as the Offering for additional gross proceeds of CAD 1,500,000, by giving written notice of the exercise of the Option, or a part thereof, to the Corporation at any time up to 48 hours prior to Closing Date. The Offering is anticipated to close on or about October 17, 2025 or such other date as the Corporation and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
お知らせ • Dec 21Falco Resources Ltd. announced that it has received CAD 6 million in fundingOn December 20, 2024, Falco Resources Ltd., closed the transaction. The company issued 24,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 6,000,000 in the transaction. In connection with the closing of the Offering, the Corporation paid the Agent a cash commission totaling CAD 324,000 and has issued the Agent 1,152,000 non-transferrable compensation warrants.
お知らせ • Dec 09Falco Resources Ltd. announced that it expects to receive CAD 5 million in fundingFalco Resources Ltd. announced a "best efforts" private placement of 20,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of up to CAD 5,000,000 on December 9, 2024. Each Unit will consist of one common share of the Corporation and one common share purchase warrant. Each Warrant shall entitle the holder to purchase one Common Share at a price of CAD 0.35. The Offering is anticipated to close on or about December 20, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Offering may also be offered in the United States to "accredited investors" (as defined in Rule 501(a) of Regulation D) pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada in accordance with applicable law. The Corporation has granted the Agent an option, on the same terms and conditions as the Offering, exercisable until the second business day prior to the closing date of the Offering, to sell up to an additional CAD 1,000,000 in Units. If the Agents' Option is exercised in full, the aggregate gross proceeds of the Offering would be CAD 6,000,000
お知らせ • Oct 28Falco Resources Ltd. Advances Towards Development of the Horne 5 ProjectFalco Resources Ltd. provided a corporate update on its Horne 5 Project located in Rouyn-Noranda, Quebec (the "Falco Horne 5 Project" or the "Project"). Following the completion of the public hearing process with the Office of Public Hearings on the Environment ("BAPE"), Falco continues to file documentation and provide responses to the BAPE, in view of the completion of its report, which is due for submission to the Minister of the Environment, the Fight Against Climate Change, Wildlife and Parks by December 26, 2024. Also, with the continued strength in gold and copper, Falco will work towards updating the 2021 Feasibility Study, which utilized a gold price of USD 1,600 and a copper price of USD 3.25/lb, with targeted completion for H1-2025. World-Class Deposit: Massive sulphide polymetallic deposit (Au, Ag, Cu, Zn); High-volume underground mining favoring the best modern extraction technologies; Annual production (approximately 220,000 oz Au /330,000 oz AuEq) over a 15-year mine life; 2021 Feasibility Study reflects robust financial parameters based on a gold price of $1,600/oz and is highly sensitive to the gold price: Each increase in the gold price by USD 100/oz provides an approximate increase of USD 100 million in the after-tax net present value ("NPV") of the Project. The 2021 Feasibility Study will be updated in H1-2025 to reflect the full potential of the Project in this dynamic gold environment; Poised to be a low-cost gold producer, with all-in sustaining costs ("AISC") below USD 600/oz (net of by-product credits); Meaningful critical minerals exposure: Falco will be one of the producers of copper (247M lbs) and zinc (1,190M lbs) in Quebec; Significant high potential exploration upside with +67,000 ha owned around the Project. Real Infrastructure Advantage: Significant infrastructure in Rouyn-Noranda., including roads, railways, hydro-electric power distribution system and qualified mining labor expertise & supplier base; Adjacent to the Project is a copper smelting facility owned by Glencore Canada Corporation ("Glencore") Opportunity to leverage existing infrastructure, including the former Quemont shaft Strong Stakeholder Relationships; Strong partners and positive stakeholder relations; A silver stream agreement with Osisko Gold Royalties Ltd. to help fund Project capex (up to CAD 180 million with CAD 35 million drawn); OLIA with Glencore sets out the terms upon which Falco can utilize a portion of Glencore's lands to develop and operate the Project; Life of mine copper and zinc concentrate offtake agreements with Glencore.
お知らせ • Sep 30Falco Resources Ltd., Annual General Meeting, Dec 10, 2024Falco Resources Ltd., Annual General Meeting, Dec 10, 2024.
New Risk • Sep 20New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (€64.8m market cap, or US$72.3m).
お知らせ • Aug 26Falco Resources Ltd. Announces the Creation and Establishment of Technical and Strategic CommitteesFalco Resources Ltd. announced the creation and establishment of Technical and Strategic Committees (collectively the Committees), as contemplated by the terms of the Operating Licence and Indemnity Agreement (OLIA) concluded with Glencore Canada Corporation (Glencore) on January 23, 2024. The Technical Committee will focus among others, on determining ongoing operating parameters within which Falco can conduct operations of the Falco Horne 5 Project so as to (i) not interfere with the Horne Smelter, (ii) minimize and control risks to the Horne Smelter, (iii) determine and adopt mitigation measures as required, (iv) determine further monitoring, data collection and/or studies as required and (v) determine any other matters with respect to potential risks to the Horne Smelter from Falco's operations. The Technical Committee will be composed of four members as follows: Mr. Wouter Vanaarde, Engineering Manager - Glencore; Ms. Marie-Élise Viger, Environnemental Manager - Glencore; Mr. Luc Lessard, President and CEO - Falco; Ms. Hélène Cartier, Vice President, Environment, Sustainable Development and Community Relations - Falco. The Strategic Committee will be a forum for discussion and the exchange of information on matters of strategic importance to the interaction of the development, construction, operation and closure of the project with the Horne Smelter operations, the search for synergies, matters relating to community and regulatory agency engagement and stakeholder concerns and the sharing of information on the Falco Horne 5 Project and Horne Smelter. The Strategic Committee will be composed of three members as follows: Mr. Danny Tremblay, Manager for Commercial & Recycling Sites Operations - Glencore; Mr. Luc Lessard, President and CEO - Falco; Ms. Hélène Cartier, Vice President, Environment, Sustainable Development and Community Relations - Falco.
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (€42.7m market cap, or US$46.2m).
Board Change • Jul 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Independent Director Alex Dann was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Jun 28Falco Resources Ltd. Announces Resignation of Claude Dufresne as Board MemberFalco Resources Ltd. announced that Mr. Claude Dufresne has resigned as a member of the Board of Directors so that he may focus his efforts on other professional duties.
お知らせ • Jun 08Falco Resources Ltd. announced that it expects to receive CAD 5 million in fundingFalco Resources Ltd. announced a best effort basis private placement of 17,391,304 units at a price of CAD 0.23 per share for the gross proceeds of CAD 4,000,000 and 3,571,429 flow-through shares at a price of CAD 0.27999 per share for the gross proceeds of CAD 1,000,000 for the total gross proceeds of CAD 5,000,000 on June 7, 2024. Each unit will consist of one common share of the Corporation and one half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share at a price of CAD 0.35 at any time on or before that date which is 24 months after the closing date of the offering. The corporation has granted the Agents an option, on the same terms and conditions as the Offering, exercisable until the second business day prior to the closing date of the Offering, to sell up to an additional CAD 1,000,000 in Offered Securities including up to CAD 250,000 additional FT Shares. If the Agents’ Option is exercised in full, the aggregate gross proceeds of the Offering would be CAD 6.0 million. The transaction is expected to close on or about June 27, 2024. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV.
お知らせ • Nov 11Falco Resources Ltd., Annual General Meeting, Jan 24, 2024Falco Resources Ltd., Annual General Meeting, Jan 24, 2024.
Is New 90 Day High Low • Mar 06New 90-day low: €0.23The company is down 22% from its price of €0.29 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 49% over the same period.
Is New 90 Day High Low • Nov 11New 90-day low: €0.23The company is down 16% from its price of €0.27 on 13 August 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.