Goldsky Resources (GSKR) Q4 2025 earnings summary

Executive summary

• Completed transformative acquisitions of Gold Line Resources Ltd. and Mawson Finland Limited, consolidating a leading gold exploration portfolio in Sweden and Finland.

• Changed name to Goldsky Resources Corp. and consolidated share capital on a 4:1 basis.

• Raised $97.9 million in financing, significantly strengthening the balance sheet and enabling expanded exploration programs.

• Announced agreement to acquire the remaining 55% of the Barsele Gold Project, moving to 100% ownership.

Financial highlights

• Net loss for 2025 was $28.2 million, up from $10.9 million in 2024, driven by increased exploration and corporate activity.

• Operating costs rose to $28.2 million (2024: $10.0 million), with exploration expenditures of $9.5 million (2024: $2.1 million).

• Cash position increased to $84.4 million at year-end 2025 (2024: $9.6 million), reflecting successful financings.

• Total assets: $178.0 million at December 31, 2025 (2024: $26.5 million), mainly due to acquisitions.

• Exploration and evaluation assets grew to $91.5 million from $15.4 million, mainly due to Rajapalot project.

Outlook and guidance

• Sufficient capital raised to fund obligations and exploration for at least the next twelve months.

• Focus on advancing Barsele, Gold Line, Oijärvi, and Rajapalot projects, with ongoing and planned drilling campaigns.

• Plans to advance Barsele Gold Project toward a Preliminary Economic Assessment in 2026.

• Ongoing exploration and drilling programs at Rajapalot and other Nordic assets to continue in 2026.

• Anticipates further resource growth and operational milestones across the expanded Nordic portfolio.