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Midas Minerals
Midas Minerals (MM1) investor relations material
Midas Minerals H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary9 Sep, 2026
Executive summary
Continued focus on exploration at the Otavi Copper-Silver-Gold Project in Namibia, with significant drilling and resource definition at T-13, Spaatzu, and Deblin deposits.
Sale of the Newington Project in WA completed, allowing strategic focus on Namibian assets.
Raised $28 million via share placement to fund ongoing exploration and drilling activities.
Financial highlights
Cash and cash equivalents at 30 June 2026: $29.15 million (up from $8.78 million at 31 Dec 2025).
Net loss after tax for the half-year: $3.45 million (vs. $0.97 million loss in prior year period).
Major expenses: $912k impairment on Newington, $1.41 million share-based payments, $304k consulting fees, $292k employee benefits.
Net assets at 30 June 2026: $45.08 million (vs. $20.54 million at 31 Dec 2025).
Outlook and guidance
Updated Mineral Resource Estimate (MRE) for T-13 expected by end of 2026; initial MREs for Deblin and Spaatzu targeted for Q1 2027.
Seven rigs active at Otavi, with strong flow of drilling results anticipated in 2H 2026.
No immediate need for additional capital; cash forecast supports operations through September 2027.
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Latest events from Midas Minerals
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Midas Minerals
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