Palamina Balance Sheet Health

Financial Health criteria checks 6/6

Palamina has a total shareholder equity of CA$1.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.3M and CA$509.9K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$1.62m
Equity	CA$1.82m
Total liabilities	CA$509.91k
Total assets	CA$2.33m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PA's short term assets (CA$1.9M) exceed its short term liabilities (CA$509.9K).

Long Term Liabilities: PA has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: PA is debt free.

Reducing Debt: PA had no debt 5 years ago.

Debt Coverage: PA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PA has no debt, therefore coverage of interest payments is not a concern.

Palamina Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Palamina Corp. Partners in Two Separate Drilling Programs in the Puno Orogenic Gold Belt

Palamina Corp. (TSXV:PA) completed the acquisition of Sociedad Minera Vicus Exploraciones S.A.C from Aurania Resources Ltd. (TSXV:ARU).

Palamina Corp. (TSXV:PA) signed a share purchase agreement to acquire Sociedad Minera Vicus Exploraciones S.A.C for PEN 0.16 million.

Palamina Corp., Annual General Meeting, Jul 09, 2024

New major risk - Financial position

New minor risk - Shareholder dilution

Palamina Corp. announced that it has received CAD 0.75 million in funding

Palamina Corp. announced that it expects to receive CAD 0.75 million in funding

Palamina Corp. Completes Its Second Field Program in the Sol de Oro Zone At the Usicayos Gold Project in December 2022

Palamina Corp. Announces Executive Changes

Palamina Corp. Sol De Oro Zone Returns 0.9 Metres of 200 G/T Gold At the Usicayos Gold Project

Palamina Corp. Reports Exploration Results & Land Consolidation At Its Galena Silver Copper Project

Palamina Corp. Intersects More Gold At the Usicayos Gold Project

Palamina Corp. Resumes Drilling at the Usicayos Gold Project

Palamina Corp., Annual General Meeting, Jun 29, 2022

Palamina Corp. Resumes Exploration at the Lagos Silver Copper Project

Palamina Releases Drill Results from its Maiden Drill Program At the Usicayos Gold Project

Palamina Corp. announced that it has received CAD 5 million in funding from 2176423 Ontario Ltd.

Palamina Corp. announced that it expects to receive CAD 3 million in funding

Palamina Corp. Channel Sampling Returns 14.2 GPT Gold over 1.5 Metres At the Coasa Gold Project

Helio Resource Corp. (TSXV:HRC) completed the acquisition of Gaban gold project and Tinka Iron Oxide Copper Gold project in Peru from Palamina Corp. (TSXV:PA).

Palamina Corp. Resumes Exploration at its 100% Owned Coasa Gold Project in South Eastern Peru

New 90-day high - CA$0.24

New 90-day high - CA$0.22

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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