Liberty Gold (LGD) Q2 2026 earnings summary

Executive summary

• Advanced Black Pine Gold Project with resource growth, feasibility study progress, and key permitting milestones.

• Completed significant corporate transactions, including the sale of Goldstrike and Gage projects for staged cash and equity consideration.

• Expanded 2026 drill program at Black Pine to 50,000 meters, focusing on resource upgrade, exploration, and permitting support.

Financial highlights

• Net income from continuing operations was $43.0 million for Q2 2026, compared to a loss of $4.3 million in Q2 2025.

• Basic income per share from continuing operations was $0.08 for Q2 2026, up from a loss of $0.01 per share in Q2 2025.

• Cash and cash equivalents stood at $36.5 million as of June 30, 2026, up from $28.1 million at December 31, 2025.

• Working capital increased to $43.5 million as of June 30, 2026, from $26.0 million at year-end 2025.

Outlook and guidance

• Ongoing feasibility and permitting activities at Black Pine, with continued focus on resource conversion and mine plan optimization.

• Anticipated staged payments from Goldstrike and Gage transactions to support future operations and development.