American Pacific Mining (USGD) Q4 2025 earnings summary

Executive summary

• Achieved disciplined execution and advanced exploration opportunities across the portfolio for the year ended December 31, 2025.

• Strengthened financial position through the sale of Constantine Group and subsequent sale of the Tuscarora District.

• No long-term debt and prudent cost management position the company for future exploration and corporate initiatives.

Financial highlights

• Reported a loss and comprehensive loss of $16,830,287 for 2025, compared to income of $5,355,745 in 2024; prior year included a $13.7M gain on Constantine Mining LLC acquisition.

• Loss per share was $0.07 (basic and diluted) for 2025, compared to earnings per share of $0.02 in 2024.

• Working capital increased to $15,051,962 as of December 31, 2025, from $8,737,067 a year earlier.

• Cash and cash equivalents stood at $908,702 at year-end 2025.

• Completed a non-brokered private placement in February 2026 for gross proceeds of $9,750,000.

Outlook and guidance

• Plans to aggressively drill the Madison project beginning in Q2 2026.

• Intends to continue adding to the equity portfolio by marketing remaining Nevada assets.