GoldMining FY26 Q2 net loss widens to C$8.77 million
GOLD•Quarterly results and balance sheet changes
GoldMining posted a net loss of CAD 8.77 million for the three months ended May 31, widening from CAD 1.81 million a year earlier.
- Operating loss widened to CAD 7.88 million from CAD 4.32 million, while exploration expenses climbed to CAD 3.15 million from CAD 1.04 million.
- Cash and cash equivalents fell to CAD 21.44 million at May 31 from CAD 24.94 million at Nov. 30.
- Short-term investments jumped to CAD 60.16 million from CAD 1.38 million, while long-term investments dropped to CAD 96.55 million from CAD 148.3 million.
- U.S. GoldMining warrant-related derivative liabilities fell to none from CAD 1.6 million, following warrant exercises and fair-value changes.
