Torq Resources says six-month results to June 30, 2026 reflect loss on Margarita subsidiary disposal

Reuters2026/08/27 01:59

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For the six months ended June 30, 2026, results were shaped by portfolio actions, led by the disposal of Minera Margarita.
The Margarita sale generated CAD 139,411 proceeds, offset by a CAD 458,866 loss on disposal tied to derecognized net liabilities and accumulated losses.
Cash fell to CAD 599,720 from CAD 2,377,325, including CAD 599,720 restricted for Santa Cecilia exploration and settling CAD 261,508 payables.
Exploration focus remained on Santa Cecilia, with a planned 2026 drill program budgeted at about USD 11 million, fully funded by Gold Fields.
Liquidity planning centered on a proposed CAD 1.25 million unit financing, linked to extending a CAD 2.8 million loan facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Torq Resources Inc. published the original content used to generate this news brief on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Torq Resources says six-month results to June 30, 2026 reflect loss on Margarita subsidiary disposal

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