Liberty Gold (LGD) Q1 2026 earnings summary

Executive summary

• Advanced Black Pine Gold Project with resource growth, feasibility study progress, and key permitting milestones in Q1 2026.

• Completed sale of Goldstrike Project for $72.5 million in staged payments and shares; closed Gage Project transaction for $2 million in shares and a royalty.

• Centerra Gold exercised its top-up right, maintaining a 9.9% equity stake via a $2.4 million share issuance.

Financial highlights

• Reported loss from continuing operations of $6.0 million for Q1 2026, compared to $2.7 million in Q1 2025.

• Basic and diluted loss per share from continuing operations remained at $0.01 year-over-year.

• Cash and short-term investments totaled $23.9 million as of March 31, 2026, down from $28.1 million at year-end 2025.

• Working capital stood at $31.6 million at quarter-end, up from $26.0 million at December 31, 2025.

Outlook and guidance

• Advancing Black Pine through feasibility and permitting, with expectations for further resource conversion and project de-risking.

• Anticipates staged payments from Goldstrike sale and royalty income from Gage Project.