Ophir Metals management commentary says FY2026 net loss narrows to CAD 715,999 on lower asset impairments, operating costs

Reuters2026/09/01 09:54

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Ophir Metals management commentary reported a net loss of CAD 715,999 for the year ended May 31, 2026, narrowing from CAD 2.3 million.
Lower loss mainly reflected reduced impairment charges on exploration and evaluation assets, alongside lower operating costs versus the prior year.
Operating expenses fell to CAD 494,803 from CAD 671,999, led by declines in consulting fees, general and administrative costs, investor relations, promotion.
Results included a CAD 150,000 write-down in marketable securities tied to management’s view of negligible recoverable value for its Ubique position.
Working capital ended at CAD 405,602, including cash of CAD 496,920, down from CAD 1.29 million and CAD 1.13 million, respectively.

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. Ophir Metals Corp. published the original content used to generate this news brief 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.

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Ophir Metals management commentary says FY2026 net loss narrows to CAD 715,999 on lower asset impairments, operating costs

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