Mahvie Minerals (MAHVIE) Q3 2026 earnings summary

Executive summary

• Haveri advanced with a core-drilling program launched in September; a non-binding Dragon Mining processing LOI could reduce initial capex and permitting needs.

• Q3 revenue was zero and net loss widened YoY; post-period initial Åkerberg assays were modest, with most drill metres still awaiting results.

Financial highlights

• Q3 revenue was 0 TSEK; net loss was 3,338 TSEK vs 1,982 TSEK YoY.

• 9M revenue was 0 TSEK; net loss was 9,575 TSEK vs 4,827 TSEK YoY.

• Q3 operating loss was 3,338 TSEK vs 1,890 TSEK YoY; 9M operating loss was 9,571 TSEK vs 4,731 TSEK.

Outlook and guidance

• Haveri assay results are expected to inform a resource update; completion of assays will enable a geological model, initial mine planning and preparation for mining and environmental permits.

• Legal support for permitting processes is to be procured in Q4 2026; the Dragon Mining LOI targets a supply agreement and broader processing cooperation within two years.

• Åkerberg work will be reassessed after remaining assays; further studies may be difficult to justify if results show similar grades to the initial area.