Nevada Canyon Gold Q2 FY26 net loss widens 50.84% to $550,735; revenue remains no revenue - NGLD News | RalliesNevada Canyon Gold Q2 FY26 net loss widens 50.84% to $550,735; revenue remains no revenue
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NGLD• Q2 loss widens as expenses rise and revenue remains absent
- Nevada Canyon Gold posted a Q2 net loss of USD 550,735, widening from USD 365,117 a year earlier.
- Operating expenses rose 31% to USD 562,624, driven by exploration spending of USD 349,439, up from USD 103,956.
- No revenue was reported, while other income fell to USD 11,889 from USD 63,548 on a USD 25,544 fair-value loss.
- Cash totaled USD 4.92 million at June 30, with operating cash outflow of USD 532,454 in the first half.
- Total Lapon Canyon exploration spending reached USD 2.03 million under a three-year USD 5 million earn-in toward a 50% project stake.
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