Dome Gold Mines (DME) Q1 2026 TU earnings summary

Executive summary

• Progress continued on the Sigatoka Feasibility Study, with geotechnical drilling completed and samples sent for analysis, advancing toward final engineering design and mine planning.

• The government’s Emergency Desilting Program at Sigatoka remains delayed due to local objections, but strong community support and ongoing negotiations are expected to resolve the issue.

• A meeting with the Minister of Lands and Resources clarified that a full EIA is not required at the exploration stage, streamlining regulatory requirements.

• Exploration at Nadrau copper-gold project is pending funding, while no exploration occurred at Ono Island during the quarter.

Financial highlights

• $297K was spent on exploration and related activities, with $294K allocated to the Sigatoka Feasibility Study program.

• No expenditure was incurred on mining production or development activities during the quarter.

• Cash and cash equivalents at quarter end totaled $314K.

• Net cash used in operating activities was $(447)K; net cash used in investing activities was $(297)K; net cash from financing activities was $488K.

Outlook and guidance

• The company is ready to commence desilting at Sigatoka once community negotiations are resolved.

• Anticipates completion of the Sigatoka Feasibility Study following laboratory analysis and final engineering design.

• Plans to conduct airborne geophysical surveys at Nadrau pending funding.