U.S. Gold net loss more than doubled to $4.6 million in Q1 FY27; revenue remains no revenue - USAU News | RalliesU.S. Gold net loss more than doubled to $4.6 million in Q1 FY27; revenue remains no revenue
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USAU• CK Gold project remains the main focus
- CK Gold financing remained the key focus.
- The feasibility study pegged initial capital at about $394 million.
- The industrial siting permit has been extended through December 2027.
Quarterly loss widened as expenses rose
- U.S. Gold posted a net loss of $4.6 million for the quarter ended July 31, 2026, widening from $2.08 million a year earlier.
- Operating loss widened to $4.76 million from $3.64 million as operating expenses rose 30.81% to $4.76 million.
- Other income fell to $158,000 from $1.56 million, reflecting the absence of a prior-year $1.5 million warrant-liability gain.
- No revenue was recorded.
Cash position and operating use of funds
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