Gorilla Gold Mines (GG8) H2 2026 earnings summary

Executive summary

• FY26 accelerated WA gold exploration, with >110,000m drilled and resource growth across Comet Vale and Mulwarrie; year-end cash was $19.8m.

• Consolidated Mineral Resources rose 109% to 2.0Moz at 4.0g/t Au; no Ore Reserves were reported as at 30 June 2026.

• Operations remain pre-revenue and exploration-led; FY27 priorities are further resource growth and advancing WA projects toward development.

Financial highlights

• FY26 loss after tax was $2.764m versus $3.179m in FY25; total comprehensive loss was $2.773m versus $3.172m.

• Revenue from ordinary activities was nil; other income, principally interest, was $1.111m versus $0.578m in FY25.

• Administration and other costs were $1.675m; share-based payment expense was $1.266m and employee benefits expense was $0.910m.

• Cash and cash equivalents were $19.762m versus $25.113m; working capital surplus was $14.4m versus $22m.

• Operating cash outflow was $1.241m; net cash used in investing activities was $34.024m, including $32.883m for exploration and evaluation.

Outlook and guidance

• FY27 plans prioritize continued aggressive drilling, high-grade resource growth and progress toward development across WA projects.

• Management expects additional funding through capital raisings, asset sales or other financing arrangements to sustain exploration at the current forecast level.

• Vivien underground dewatering provides optionality for future access, drilling, mapping and redevelopment assessment.