revenue $59.2M, net income $9.6M. Revenue +27% on higher gold prices; production guidance cut at Gold Bar on model issues

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Gold Bar downgraded full-year production guidance to 30,000–33,000 GEOs (from 40,000–45,000) and raised unit cost guidance to $2,650–$2,950 cash costs after encountering higher-than-expected carbonaceous material that did not reconcile with mine models; additional studies underway in Q3.

  MD&A: Gold Bar production and guidance verify on EDGAR →
• high

  Material weakness in internal controls over income taxes remediated; disclosure controls now effective as of June 30, 2026, versus ineffective as of June 30, 2025.

  Controls and Procedures verify on EDGAR →
• high

  Received $58.3 million in dividends from MSC joint venture in H1/26 (versus $2.2 million in H1/25), including a single $49.4 million payment in May 2026.

  MD&A: MSC dividend; Notes: Cash flows verify on EDGAR →