earnings
confidence medium
sentiment negative
materiality 0.60
GoldMining parent posts wider Q1 net loss of C$4.9M; U.S. GoldMining draws C$176k from ATM
U.S. GoldMining Inc.
2025-Q1 EPS reported
-$0.10
- GoldMining Inc. net loss C$4.9M for Q1 Feb 28, 2025 vs C$2.8M a year ago; no option payment gains.
- Operating loss widened to C$5.6M from C$2.4M on higher G&A and professional fees; share-based comp C$1.1M.
- U.S. GoldMining raised net cash C$176k via at-the-market offering; parent raised C$1.25M from its own ATM.
- Parent company cash decreased to C$9.2M from C$11.9M at Nov 30, 2024; working capital remains adequate.
- Long-term investments (marketable securities) stood at C$42.4M, up C$3.4M from unrealized gains.