Goldsky Resources (GSKR) Q4 2024 earnings summary

Executive summary

• Closed an oversubscribed private placement for C$11.5 million in late Q4 2024.

• Cash balance at December 31, 2024 was C$9.6M; current assets totaled $11.1 million.

• Promoted Adam Cegielski to President and added experienced mining executives to leadership and board in Q1 2025.

• Commenced trading on Nasdaq First North in March 2025 and received TSX Venture 50 designation for 2024 performance.

Financial highlights

• Closed C$11.5 million private placement in Q4 2024 and C$1.4 million placement in Q1 2025.

• C$1.61 million of warrants and options exercised in the past two quarters, including C$1.22 million in Q1 2025.

• Cash balance at year-end 2024 was C$9.6M.

Outlook and guidance

• Four new multi-kilometric gold pathfinder anomalies discovered at Storjuktan; BoT drilling planned for 2025.

• Two-phase 10,000m diamond drill program underway at Aida target, Paubäcken project.