Lappland Guldprospektering (LGOLD) Q1 2026 earnings summary

Executive summary

• Main project Stortjärnhobben holds an inferred mineral resource of 4.6 tons of gold, with ongoing efforts to upgrade resource classification and advance toward production.

• Q1 2026 focused on progressing permitting, resource clarification, and financing through a directed share issue raising 30 MSEK.

• Active exploration at Löparen and Gilleberget, with expanded drilling programs and analysis results expected before summer 2026.

• Recruitment of a new project manager to strengthen project execution and local engagement.

Financial highlights

• Q1 2026 revenue was 0 TSEK (0), net result after tax was -2,286 TSEK (-814), and result per share was -1.8 SEK (-0.7) year-over-year.

• Cash and cash equivalents at period end were 29,634 TSEK (17,736), and total assets reached 43,779 TSEK (22,251).

• Equity at quarter end was 42,890 TSEK (22,222), with a solid equity ratio of 98%.

• Directed share issue in Q1 raised 29.9 MSEK net, increasing share capital and supporting ongoing exploration.

Outlook and guidance

• Resource update for Stortjärnhobben planned for summer 2026, aiming to upgrade part of the resource to indicated status.

• Ambition to start trial mining in autumn 2026, pending environmental permit decision.

• Continued active drilling and exploration at multiple sites, with results expected before summer.