Riverside Resources management cites investment markdowns, higher consulting costs as key drivers of Q3 ended June 30, 2026 loss
Reuters2026/08/28 21:33- Riverside Resources management commentary flagged a Q3 net loss of CAD 198,748 versus CAD 378,320 a year earlier.
- Results reflected CAD 260,846 of other income from E&E asset recoveries exceeding carrying values, mainly tied to La Union.
- Higher management and consulting fees of CAD 208,500, including a CAD 98,000 Ravena consulting charge, weighed on the quarter.
- An unrealized loss on short-term investments of CAD 226,715 also pressured earnings.
- Year-to-date net loss was CAD 1.85 million, driven by a CAD 600,646 receivables write-down linked to the Blue Jay settlement.
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