Golconda Gold Ltd. Releases Financial and Operating Results for Q2 2025

Core Viewpoint - Golconda Gold Ltd. reported strong financial and operational results for Q2 2025, highlighting increased ore mined and gold production, alongside significant cash flow generation and debt repayment [4][8]. Financial Performance - Generated $7.7 million in revenue from the sale of 2,452 payable ounces of gold at a price of $3,254 per ounce, compared to $6.6 million in Q1 2025 [8]. - Operating cash flow reached $3.3 million for Q2 2025, an increase from $2.4 million in Q1 2025 [4][8]. - Operating cash cost per payable ounce was $1,436, up from $1,369 in Q1 2025 [8]. Operational Highlights - Mined 31,481 tonnes of ore at an average grade of 3.67 g/t, a 15% increase from 27,371 tonnes at 3.47 g/t in Q1 2025 [8]. - Produced 2,480 tonnes of concentrate containing 3,030 ounces of gold, a 3% increase from 2,947 ounces in Q1 2025 [8]. - Established stoping at a new mining area, Princeton Top, delivering 2,828 tonnes of ore to the processing plant during the second half of the quarter [8]. Debt Management - Repaid $850,000 of short-term loans during the quarter, with the Ocean Partners prepayment facility fully repaid post quarter-end, aiding in balance sheet deleveraging [4][8]. Future Plans - Targeting a restart of the Summit Mine in New Mexico in Q2 2026, with various workstreams already commenced [5]. - Plans to hoist the first ore from the lower levels of Galaxy in early Q4 2025 [10].