Goldgroup FY26 Q2 net loss narrows to US $6.08 million; revenue climbs to US $21.11 million
Reuters2026/09/01 01:10- Goldgroup posted Q2 revenue of USD 21.11 million, up 293.39% from a year earlier; net loss narrowed to USD 6.08 million.
- Gold ounces sold climbed to 4,748, up 198.99% year over year; average realized price rose 32.28% to USD 4,429/oz.
- Cost of sales increased to USD 14.51 million, up 317.45% from a year earlier; finance cost widened to USD 910,000.
- Board appointed Javier Reyes as permanent CEO; combination with Gold Resource closed July 17, adding Don David and Back Forty.
- Pro forma cash totaled USD 59 million with no material debt as of June 30; San Francisco restart targeted for 2027.
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.
You may also like
Solana fees hit record as validators double pace of inflation cuts
Global bond market sell-off intensifies! Australian bond yields hit a fifteen-year high as traders bet on Reserve Bank of Australia resuming rate hikes soon
Due to intensified global sovereign bond sell-offs and domestic inflation and consumption data continuously exceeding expectations, Australia’s benchmark government bond yield has risen to its highest level since 2011.
Japan’s MOF official says expects BoJ to steer policy aligned with economy, not influenced by US
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
