July 2026 Financial and Management Reports

Key points

• Net loss for Q1 FY2026 was CAD $28.1 million
• Cash and cash equivalents decreased by CAD $28.2 million
• The company continues to focus on exploration and evaluation activities

Full summary

Benz Mining Corp. has released its unaudited condensed interim consolidated financial statements for the three-month periods ended July 31, 2026, and 2025. The company reported a net loss of CAD $28.1 million for Q1 FY2026, compared to a loss of CAD $3.7 million in the same period of the previous year. The company's cash and cash equivalents decreased from CAD $81.2 million to CAD $53.0 million. Exploration and evaluation expenditures significantly increased to CAD $27.0 million. The company continues to focus on exploration activities, particularly in its projects in Canada and Australia.