Goldsky Resources (GSKR) Q2 2026 earnings summary

Executive summary

• Advanced exploration and development across expanded Nordic portfolio in Sweden and Finland, maintaining a strong treasury position.

• Completed acquisition of Barsele Gold Project, now holding 100% ownership, and integrated new assets from Mawson transaction.

• Progressed resource updates and metallurgical testing at key projects, including Rajapalot and Barsele.

Financial highlights

• Cash balance decreased to C$56.4 million as of June 30, 2026, from C$86.1 million at March 31, 2026, mainly due to C$28.5 million Barsele acquisition payment.

• Total assets rose to C$430.4 million from C$180.0 million sequentially, reflecting asset acquisitions.

• Exploration and evaluation assets increased to C$371.6 million after adding Barsele, Rajapalot, and Finnish assets.

• Net loss of C$5.5 million for Q2 2026, primarily from exploration expenditure and management fees.

• Received C$4.1 million from exercise of stock options, compensatory options, and warrants during Q2 2026.

Outlook and guidance

• Ongoing integration and project planning for Barsele and Mawson assets.

• Metallurgical test program underway at Barsele to support updated Preliminary Economic Assessment.

• MOU signed with Ocean Partners to explore cobalt recovery and commercial arrangements at Rajapalot.