Gold Springs Resource Corp. Reports US$0.66M Net Loss, Raises Exploration Spend to US$0.97M
Gold Springs Resource Corp. filed audited 2025 financial statements, MD&A and AIF, revealing a net loss of US$0.66 million for the year ended December 31, 2025, versus US$0.68 million in 2024, reflecting the absence of a US$0.05 million equipment disposal charge and US$0.03 million in foreign-exchange losses. The company increased exploration spending to US$0.97 million from US$0.55 million, incurred US$0.59 million in G&A expenses and held US$0.05 million in cash at year-end.
1. Financial Filings Released
Gold Springs Resource Corp. filed its audited consolidated financial statements for the year ended December 31, 2025, along with the related management’s discussion and analysis and annual information form.
2. Expense and Loss Details
The company reported a net loss of US$0.66 million (US$0.00 per share) for 2025, improved from US$0.68 million the previous year, reflecting the absence of a US$0.05 million equipment disposal charge and US$0.03 million in foreign-exchange losses; general and administrative expenses totaled US$0.59 million excluding non-cash share-based payments.
3. Exploration and Cash Position
Exploration spending increased to US$0.97 million in 2025 from US$0.55 million in 2024 as the company focused on advancing its Gold Springs project, and the cash balance stood at US$0.05 million as of December 31, 2025.