Earnings ·
Austin Gold Corp. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss of…
AUSTAustin Gold Corp.
Austin Gold Corp. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss of $1,698,819 compared to $795,010 in the prior year period. The increased loss was primarily driven by a $769,936 write-off of exploration and evaluation assets following the termination of the Kelly Creek Project option agreement on June 1, 2026. Total assets decreased to $6,698,563 from $8,399,262 at year-end 2025, largely due to reduced liquidity from administrative expenses and project expenditures. Cash and cash equivalents stood at $373,080 as of June 30, 2026. The company also filed a NI 43-101 Technical Report for its Stockade Mountain Project with an effective date of March 2, 2026. Austin Gold Corp. is a gold exploration company focused on acquiring and evaluating mineral properties in the western United States.