Key points
- Net loss for the six months ended June 30, 2026 was $4,365,856
- Total revenue for the period was $0
- Cash on hand as at June 30, 2026 was $30.62 million
- Exploration activities focused on Southern Cross Project and Hopes Hill Project
Full summary
Golden Horse Minerals Ltd, a mineral exploration and development company, reported its financial results for the six months ended June 30, 2026. The company reported a net loss of $4,365,856, a decrease from the $5,904,126 loss in the same period last year. Total revenue for the period was $0. The company's cash on hand increased to $30.62 million as at June 30, 2026, up from $14.96 million as at June 30, 2025. The company's exploration activities were focused on its Southern Cross Project in Western Australia and the Hopes Hill Project in the Northern Territory. The Southern Cross Project saw 52,762.1m of drilling, including 14,463.1m of Diamond Drilling and 38,299m of Reverse Circulation. The Hopes Hill Project saw significant gold mineralization, with visible gold observed in drill hole 26HHDD001, located more than 200 meters below the historic Hopes Hill pit.
Guidance
Net loss for the six months ended June 30, 2026 was $4,365,856
Outlook
Golden Horse Minerals Ltd plans to continue exploration activities at its Southern Cross and Hopes Hill Projects, with a focus on expanding the mineralized system and understanding grade variability and gold distribution.