Lappland Guldprospektering (LGOLD) Q2 2026 earnings summary

Executive summary

• Focused on gold exploration in northern Sweden, with Stortjärnhobben as the main project holding an inferred mineral resource of 4.6 tons of gold as of December 2025.

• Significant drilling activity at four sites, with visible gold found at Nya Gilleberget and two anomalies identified at Löparen.

• Updated mineral resource estimate for Stortjärnhobben delayed to Q3 2026 due to extended drilling and analysis times.

• Ongoing processes for environmental permits and land allocation, with key decisions expected in the second half of 2026.

Financial highlights

• Net loss after tax for Q2 2026 was -3,244 TSEK, compared to -1,431 TSEK in Q2 2025.

• Cash and cash equivalents at June 30, 2026, were 20,339 TSEK, up from 15,388 TSEK a year earlier.

• Total assets increased to 40,262 TSEK from 21,140 TSEK year-over-year.

• Cash flow for the period was -9,295 TSEK, compared to -2,348 TSEK in Q2 2025.

• No revenue generated; costs driven by increased exploration and evaluation activities.

Outlook and guidance

• Results from remaining drill holes at Nya Gilleberget expected in August 2026, guiding next exploration steps.

• Updated mineral resource and preliminary economic assessment for Stortjärnhobben anticipated in Q3 2026.

• Environmental permit decision for trial mining and land allocation ruling expected in autumn 2026.

• Follow-up drilling at Löparen planned for winter 2026/2027.