Company Reports Q1 Revenue of $14.48M, Up 98.5% Year-over-Year
Reports Q1 revenue $14.48M vs. $7.28M last year. Reports ounces produced up 11.52% year-over-year to 3,234 from 2,900 last year. CEO John Swallow stated, "Our goal for the year was to build on a strong 2025 - and as evidenced in our record first quarter results, the team has met these expectations. From increased production to expanded exploration and drilling programs, our business plan is working as designed. In addition to the two drills dedicated to resource conversion and exploration drilling at the Golden Chest, permitting is in place for drill programs this year at two projects in the Murray Gold Belt and at two of our REE prospects near Salmon. We are one of the few junior mining companies that put a mine into production when our industry was out of favor so that we could take advantage of opportunities when the tailwinds arrived. To that end, we followed up our acquisition of Hecla's Toboggan landholdings in Q3 2025 with the execution of a long-term lease agreement on the nearby Niagara project during Q1 2026, adding potentially significant copper-silver exposure to the company. Both of these additions were essential to consolidating the Murray Gold Belt District and provide the company with high-quality exploration targets that will last many years into the future."
