Gold Road International (GOLDR) Q1 2026 earnings summary

Executive summary

• Report covers Q1 2026, with continued ramp-up of commercial production at the Gold Road Mine in Arizona.

• Net loss for the quarter was $1,594,799, reflecting early-stage operational and financing activities.

• Significant capital raising, share issuances, and a major silver royalty transaction were completed.

• The company is redomiciling to Malta and pursuing a listing on Euronext Growth Oslo.

Financial highlights

• Metal sales totaled $1,451,834; cost of sales was $2,374,685, resulting in a gross loss of $922,851 for Q1 2026.

• Operating loss was $1,572,574; net loss for the period was $1,594,799.

• Cash used in operating activities was $3,379,790; cash used in investing activities was $1,954,564.

• Cash and cash equivalents increased to $2,420,682 at March 31, 2026, from $1,513,866 at year-end 2025.

• Total assets rose to $20,918,350 from $14,337,467 at December 31, 2025.

Outlook and guidance

• Management forecasts sufficient liquidity through December 2027, assuming improved mine production.

• Cash flow forecasts are sensitive to gold and silver prices and operational risks.