Goldgroup management says Q2 2026 earnings pressured by warrant liability loss despite higher gold sales and prices
Reuters2026/09/01 13:35- Goldgroup management commentary for Q2 ended June 30, 2026 cited higher Cerro Prieto sales volumes, lifting revenue to USD 21.11 million.
- Gold sold rose to 4,748 oz from 1,588 oz; average realized price increased to USD 4,429/oz from USD 3,348/oz.
- Gold production climbed to 3,843 oz from 1,446 oz, driven by more ore stacked and recovery improving to 66% from 48%.
- Net loss narrowed to USD 6.08 million from USD 35.13 million, helped by the absence of a prior-year impairment charge.
- Results were pressured by a USD 4.78 million unrealized warrant-liability loss, higher merger-related professional fees, finance costs, and FX losses.
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