Palamina posts 2025 loss as exploration spending drops to CAD 1.5 million
Reuters2026/08/25 17:31- For 2025, net loss narrowed to CAD 1.85 million from CAD 3.22 million, reflecting lower exploration and evaluation spending.
- Exploration and evaluation expenditures fell to CAD 1.5 million from CAD 2.5 million, driving most of the year-over-year improvement.
- Other income increased on CAD 177,295 gain from selling an investment in an associate, partly offset by CAD 81,404 share of associate losses.
- Cash ended the year at CAD 1.14 million versus CAD 87,913, supported by CAD 2.7 million private placement proceeds.
- Working capital swung to a CAD 568,418 surplus from a CAD 401,769 deficit, while accumulated deficit widened to CAD 12.33 million.
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