Gold Springs Resource Corp. Files Q3 2025 Financial Statements and MD&A

Core Viewpoint - Gold Springs Resource Corp. has released its unaudited consolidated financial statements for the three and nine months ended September 30, 2025, indicating a focus on exploration and resource expansion in the gold and silver sectors [1]. Financial Performance - For the nine months ended September 30, 2025, general and administrative expenses decreased to $0.41 million from $0.42 million in the same period of 2024 [2]. - In the three months ended September 30, 2025, general and administrative expenses rose to $0.14 million compared to $0.11 million in the same quarter of 2024 [2]. - Exploration spending increased to $0.77 million during the nine months ended September 30, 2025, up from $0.45 million in the prior year, primarily due to drilling activities [2]. - The company reported a net loss of $0.48 million for the nine months ended September 30, 2025, compared to a net loss of $0.52 million in the same period of 2024 [2]. - For the three months ended September 30, 2025, the net loss remained stable at $0.18 million, the same as the previous year [2]. - As of September 30, 2025, the company had cash reserves of $0.01 million [2]. Company Overview - Gold Springs Resource Corp. is focused on the exploration and expansion of gold and silver resources at its Gold Springs project, located on the border of Nevada and Utah, USA [3]. - The Gold Springs project is situated in the Great Basin, recognized as one of the best mining jurisdictions globally [3].