Goldgroup FY26 Q2 net loss narrows to US $6.08 million; revenue climbs to US $21.11 million

Reuters2026/09/01 01:10

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Goldgroup posted Q2 revenue of USD 21.11 million, up 293.39% from a year earlier; net loss narrowed to USD 6.08 million.
Gold ounces sold climbed to 4,748, up 198.99% year over year; average realized price rose 32.28% to USD 4,429/oz.
Cost of sales increased to USD 14.51 million, up 317.45% from a year earlier; finance cost widened to USD 910,000.
Board appointed Javier Reyes as permanent CEO; combination with Gold Resource closed July 17, adding Don David and Back Forty.
Pro forma cash totaled USD 59 million with no material debt as of June 30; San Francisco restart targeted for 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Goldgroup Mining Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608312109NEWSFILECNPR____20260831_312343_1) on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Goldgroup FY26 Q2 net loss narrows to US $6.08 million; revenue climbs to US $21.11 million

You may also like

Crypto prices