Goldsky Resources (GSKR) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked the first full quarter after acquiring Mawson Finland Limited, expanding the Nordic portfolio in Sweden and Finland.

• Exploration and development activities advanced across new and existing assets, with a focus on resource expansion and stakeholder engagement.

Financial highlights

• Cash balance rose to C$86.1 million as of March 31, 2026, up from C$84.4 million at year-end 2025.

• Total assets increased to C$180.0 million from C$178.0 million at December 31, 2025.

• Net loss for Q1 2026 was C$28.4 million (Q1 2025: C$6.1 million), mainly due to C$23.7 million in non-cash share-based compensation.

• Excluding non-cash items, cash used in operating activities was C$5.9 million (Q1 2025: C$4.7 million).

• Received C$7.6 million from the exercise of stock options, compensatory options, and warrants.

Outlook and guidance

• Progressing toward acquiring the remaining 55% interest in the Barsele Gold Project, with closing expected by June 30, 2026.