Gold Road International (GOLDR) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements cover operations from April 24, 2025 to December 31, 2025, following the acquisition of Z79 Resources and the recommencement of mining at the Gold Road Mine in Arizona.

• The company’s principal activity is gold and associated metal production and sales, with all output sold to a single refining customer.

• Operations are highly sensitive to gold and silver prices, and the company is advancing toward sustained commercial production.

Financial highlights

• Metal sales for the period were $1,557,333, with a gross loss of $1,760,911 and a net loss of $5,286,501.

• Cash and cash equivalents at year-end were $1,513,866; total assets were $14,337,467; total liabilities $6,698,020; and shareholders’ equity $7,639,447.

• Share capital raised during the period totaled $10,432,007, with 36,138,504 common shares outstanding at year-end.

• No deferred tax asset recognized due to uncertainty of future taxable profits; tax loss carryforwards available.

Outlook and guidance

• Management forecasts sufficient liquidity for at least twelve months from the reporting date, supported by recent loans and improved April 2026 revenues.

• The company is preparing for a planned listing on Euronext Growth Oslo and continues to optimize mining and processing operations.