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BALCAO · METAL MINING · SMALL CAP

Thunder Mountain Gold Inc. THMG

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$-2.8M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Company's wholly owned subsidiary SMMI is the sole manager of the South Mountain Project in its entirety through a separate Mining Lease with Option to Purchase ("Lease Option") with the Company's majority-owned subsidiary OGT. On January 27, 2025, the Company announced a strategic partnership with Swiss-based MFD Investment Holdings SA ("MFD"). The letter agreement signed outlines that MFD will provide additional funding, contributing $1,000,000 in project-related expenditures as well as providing technical support for project development. This partnership adds additional financial strength in advancing South Mountain's technical and economic studies. During 2025, the Company continued advancing exploration and development activities at the South Mountain Project. The Company's efforts were focused on refining drill targets through updated geophysical modeling and geochemical interpretation. The Company also continued evaluating exploration opportunities at its Trout Creek Project in Lander County, Nevada. The Company employs two full-time officers, three part-time officers and one administrative staff. It is anticipated that the employees will continue their work with the Company.

Written from the business description in Thunder Mountain Gold, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2022 · Revenue 0.3 · Net income -1.2
1M2M-1M-2M
201020132016201920222025
Compound annual growth
−46.5%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2022 · Operating -148.8% · Net -414.6%
200%400%-200%-400%
201020172025
ROE
FY2022 · ROE -156.9%
50%-50%-100%-150%
201020172025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks

Total assetsUSD 3.3M
EquityUSD 1.4M
CashUSD 2.6M
Gross debtUSD 167,900.00
Net debtUSD -2.4M
Current ratio1.86×

The company holds more cash than debt.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
THMG, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B◌◌◌0.00.00.00.00.0◌◌◌◌0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0◌◌◌◌◌◌◌◌
EBITDA $B◌−0.0−0.0−0.00.0−0.0−0.0−0.0◌◌◌◌◌◌◌◌
Income tax $B0.00.00.00.00.00.00.00.0◌◌0.00.00.0◌◌◌
Net income $B−0.0−0.0−0.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.00.00.0−0.0−0.0
EPS, diluted $−0.03−0.01−0.01−0.02−0.010.020.02−0.01−0.01−0.02−0.02−0.010.000.01−0.01−0.08
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————————————
ROE %———−156.9−36.098.8—————−99.547.9———
Shares out B0.090.070.060.060.060.060.060.060.060.050.040.040.030.030.030.03

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. 13 checks were skipped: the share count is not tagged before 2020. Six checks were skipped: the balance sheet is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMetal Mining
Listed onOTC market
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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