Goldsky Resources (GSKR) Mining Forum Europe 2026 summary

Corporate developments and transactions

• Completed merger of Mawson Finland and First Nordic, forming a new entity and electing a new board in December.

• Acquired the remaining 55% of the Barsele project from Agnico Eagle, now holding 100% ownership.

• Agnico Eagle received a 32.5% equity stake in the company as part of the transaction, their largest ever in a mining company.

• Raised CAD 80 million, with $84 million currently in the bank, and a current market cap of approximately $680 million.

• Analyst coverage to be initiated by Canaccord, Desjardins, and Beacon Securities.

Asset portfolio and project status

• Now owns the largest undeveloped gold deposit in Sweden (Barsele) and a 1 million ounce deposit in Finland (Rajapalot) with a cobalt credit.

• Barsele project has seen 174,000 meters of drilling and significant historical investment, with a resource update expected in June.

• Rajapalot in Finland completed a drill program in March, with a resource update expected by July and a PEA update later in the year.

• Holds 85,000 hectares in Sweden's Gold Line Belt, consolidating a significant land package.

• Barsele area benefits from excellent infrastructure, including road, rail, and cheap hydro power.

Strategic plans and operational outlook

• Integration program with Agnico Eagle ongoing through year-end, including a technical committee for knowledge transfer.

• $20 million allocated to a 50,000-meter drill program, focusing on Barsele and regional targets.

• Maiden resource for Barsele expected in June, with drilling to commence around August.

• Study work and PEA for Barsele to begin, leveraging extensive prior work by Agnico.

• Project aims to become a leading Nordic gold developer with two high-quality assets.