Minaurum Silver FY2026 loss widens as company cites higher Alamos drilling and resource work costs
Reuters2026/08/25 03:35- Minaurum posted a fiscal 2026 comprehensive loss of CAD 17.48 million, widened from CAD 5.72 million a year earlier.
- Spending surged on drilling and resource-estimate work at Alamos (Quintera), lifting exploration costs to CAD 14.25 million from CAD 3.46 million.
- General and administrative expenses rose to CAD 2.31 million from CAD 1.13 million, reflecting higher marketing, professional fees, share-based payments.
- Working capital totaled CAD 19.02 million at April 30, 2026, supported by financings of CAD 9.2 million in July 2025, CAD 25 million in December 2025.
- Cash was CAD 19.59 million at year-end; total assets increased to CAD 26.32 million from CAD 7.66 million.
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