Outcrop Silver & Gold (OCG) Q4 2025 earnings summary

Executive summary

• Completed acquisition of Zacapa Resources Ltd., expanding US project portfolio and resulting in asset integration and subsequent divestiture of South Bullfrog property.

• Transitioned to the Toronto Stock Exchange from TSX Venture Exchange in November 2025.

• Remains in exploration stage with no producing assets; focus on Colombia and US mineral properties.

Financial highlights

• Net loss for the year ended August 31, 2025 was $17.7 million, compared to $10.3 million in 2024.

• Cash balance increased to $5.1 million as of August 31, 2025, up from $1.1 million a year earlier.

• Shareholders’ equity rose to $17.2 million from $13.8 million year-over-year.

• Exploration expenses nearly doubled to $9.8 million from $4.9 million year-over-year.

• Impairment charges on mineral properties totaled $1.2 million in 2025, including South Bullfrog and Antares.

Outlook and guidance

• Management estimates current working capital is sufficient for the next twelve months but additional financing will be required for future operations.

• No producing assets; continued focus on exploration and advancing principal projects in Colombia and the US.