Goldsky Resources (GSKR) Q2 2025 earnings summary

Executive summary

• Completed acquisition of Gold Line Resources, consolidating a major Scandinavian gold exploration portfolio with projects in Sweden and Finland.

• Barsele Project JV with Agnico Eagle remains a core asset, with significant ongoing exploration and resource expansion.

• Oijärvi Gold Project in Finland acquired, including the Kylmäkangas deposit, with Agnico Eagle as a major shareholder.

• No revenues reported; company remains in exploration stage.

Financial highlights

• Net loss for Q2 2025 was $7.54M (Q2 2024: $3.20M); six-month loss was $13.68M (2024: $3.73M).

• Operating expenses for six months rose to $13.68M, driven by exploration ($5.87M), consulting, and share-based payments.

• Cash balance at June 30, 2025: $2.65M, down from $9.57M at year-end 2024.

• Raised $3.71M from financing activities in H1 2025; significant capital raises in late 2024 and July 2025.

Outlook and guidance

• Sufficient capital to meet obligations for the next twelve months; ongoing focus on exploration and advancing key projects.

• Additional $15.4M raised in July 2025 to support continued exploration and development.

• Integration of EMX Nordic business unit expected to enhance technical capabilities and regional presence.