Tue, Apr 29, 10:04 AM (14 days ago)
**Star Gold Corp. (SRGZ) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $8,931K (up from $5,168K in Q1 2024). - **Total Assets:** $700,888K (up from $686,541K in Q1 2024). - **Total Liabilities:** $961,879K (up from $743,910K in Q1 2024). - **Stockholders' Equity:** $(260,991)K (down from $(57,369)K in Q1 2024). - **Working Capital Deficit:** $(332,058)K (up from $(249,436)K in Q1 2024). **Performance Metrics:** - **Revenue:** $0K (no revenue generated). - **Operating Expenses:** $40,654K (up from $36,351K in Q1 2024). - **Net Loss:** $(54,724)K (up from $(48,302)K in Q1 2024). - **Loss per Share:** $Nil (no change). **Cash Flow:** - **Operating Activities:** $(117,237)K (improved from $(150,386)K in Q1 2024). - **Investing Activities:** $(12,000)K (no change). - **Financing Activities:** $133,000K (down from $140,000K in Q1 2024). - **Net Increase in Cash:** $3,763K (improved from $(22,386)K in Q1 2024). **Earnings Changes:** - **Q1 2025 vs. Q1 2024:** Net loss increased by $6,422K. - **9M 2025 vs. 9M 2024:** Net loss increased by $5,042K. **Quarterly Performance Discussion:** - **Expenses:** Increase in legal and professional fees, management and administrative expenses. - **Exploration:** Increased mineral exploration expenses by $4,970K. - **Pre-development:** Decrease in pre-development expenses by $7,835K. **Trends:** - **Increasing Expenses:** Legal, professional, and exploration costs are rising. - **Cash Flow:** Improved cash flow from operating activities. - **Liabilities:** Significant increase in liabilities, particularly related-party promissory notes. **Uncertainties:** - **Financing:** Dependence on external financing for operations. - **Market Risks:** No derivative instruments or hedging activities. - **Operational Risks:** Material weaknesses in disclosure controls and procedures. **Future Operations Impact:** - **Plans:** Focus on permitting activities at the Longstreet Property. - **Financing:** Potential mergers, joint ventures, or debt instruments. - **Goals:** Achieve profitability and positive cash flows. **Conclusion:** Star Gold Corp. faces significant financial challenges, including increasing liabilities and operational expenses. The company's ability to continue as a going concern depends on securing additional financing and achieving profitability. The focus remains on exploration and permitting activities at the Longstreet Property.