Lappland Guldprospektering (LGOLD) Q3 2025 earnings summary

Executive summary

• Record gold grades reported at Stortjärnhobben, including 133 g Au/ton and 8 meters averaging 21.72 g Au/ton.

• Expanded drilling program initiated for 2025–2026, with 3,063 meters drilled in 19 holes, the largest in company history.

• Environmental permit application for a 10,000-ton trial mining operation is being prepared, with full-scale mining permit work to start in spring.

• Ongoing legal proceedings regarding land allocation with Vapsten Sameby; Supreme Environmental Court granted leave to appeal.

Financial highlights

• Q3 2025 revenue was 0 TSEK (0), net loss after tax -2,280 TSEK (873), EPS -2.0 SEK (-1.3).

• Nine-month revenue was 0 TSEK (2,300), net loss after tax -4,525 TSEK (804), EPS -4.1 SEK (1.2).

• Cash and cash equivalents at September 2025: 8,222 TSEK (18,779).

• Total assets at September 2025: 20,595 TSEK (22,504).

Outlook and guidance

• Drilling to continue through winter and spring, targeting deeper mineralization at Stortjärnhobben.

• Trial mining environmental application to be submitted by year-end; full-scale mining application preparations underway.

• Additional exploration planned at Löparen, Ytterberg, Graninge, and new Gilleberget license.