Gorilla Gold Mines (GG8) H1 2026 earnings summary

Executive summary

• Achieved significant growth in gold resources, with a 900% increase in Comet Vale MRE to 0.86Moz and a 340% increase in Mulwarrie MRE, now totaling 2.0Moz across all projects.

• Completed a successful $31.7 million capital raising, resulting in a strong cash position of $37.2 million at period end.

• Added experienced board members and management to support aggressive exploration and development strategy.

Financial highlights

• Reported a net loss of $1.5 million for the half-year, an improvement from a $1.9 million loss in the prior year.

• Net assets increased by $29.2 million to $120.3 million, and working capital rose to $34.7 million.

• Other income rose to $511,035 from $97,244 year-over-year.

• Cash and cash equivalents at period end were $37.2 million, up from $25.1 million at June 2025.

Outlook and guidance

• Focus remains on accelerating high-grade gold assets toward production and expanding resource base through drilling.

• Ongoing studies and permitting at Mulwarrie and Vivien projects to support future development.