Lappland Guldprospektering (LGOLD) Q4 2024 earnings summary

Executive summary

• Initiated first drilling program at Graninge in January 2025, targeting gold mineralization; all five core holes intersected a mineralized zone, with results pending analysis.

• Discovered a high-grade, mineralized gold zone at Stortjärnhobben (9 meters averaging 8.5 g/t Au), indicating potential extension of previous finds.

• Approved for listing on Spotlight Stock Market, with first trading day on October 15, 2024.

• Appointed Fredrik Johansson as new CEO effective March 1, 2025; current CEO transitions to vice chairman with responsibility for exploration and permitting.

Financial highlights

• Q4 2024 revenue was 0 TSEK (0); net loss after tax was -952 TSEK (-365); EPS was -1.3 SEK (-5.8).

• Full-year 2024 revenue was 2,300 TSEK (0); net loss after tax was -148 TSEK (-1,221); EPS was 1.2 SEK (-13.5).

• Cash and cash equivalents at year-end were 19,372 TSEK (3,586).

• Total assets at year-end were 23,225 TSEK (5,396); equity was 23,036 TSEK (1,981).

• No dividend proposed for 2024.

Outlook and guidance

• Ongoing permitting process for trial mining at Stortjärnhobben, including updated environmental impact assessment and stakeholder consultations.

• Initial results from Graninge drilling expected within months; further exploration and project development planned.

• Management expresses confidence in the potential to become Sweden's largest gold company.