Gold Springs Resource Corp. Files Q2 2025 Financial Statements, MD&A and Provides Operations Update

Executive Summary

• Gold Springs released its unaudited consolidated financial statements for the three‑ and six‑month periods ended June 30, 2025, reporting a net loss of $0.30 M for the six months and $0.13 M for the quarter, with cash of $0.02 M as of June 30, 2025.
• General & administrative expenses declined year‑over‑year, while exploration spending increased modestly.
• The company announced progress on permitting a heap‑leach pilot plant and starter pit at South Jumbo (resource estimate 214,565 oz Au) and engaged Gardiner Brothers Drilling to drill a water well for future processing operations.

Key Details

• Financial Highlights – Six Months Ended June 30, 2025
• Net loss: $0.30 M (nil loss per share).
• Cash balance: $0.02 M.
• General & administrative expenses (excl. non‑cash share‑based payments): $0.27 M, down from $0.31 M in the prior year period.
• Financial Highlights – Three Months Ended June 30, 2025
• Net loss: $0.13 M (nil loss per share).
• General & administrative expenses (excl. non‑cash share‑based payments): $0.13 M, down from $0.16 M YoY.
• Exploration Spending – increased to $0.025 M for the six‑month period, up from $0.017 M in 2024.
• Operations Update
• Continued permit applications with ADT Environmental & Mineral Consultants and Global Resource Engineering for a heap‑leach processing pilot plant and starter pit at South Jumbo, Utah.
• Resource estimate for South Jumbo (NI 43‑101) – Measured: 114,558 oz Au; Indicated: 100,007 oz Au; M&I total: 214,565 oz Au (12.1 M tonnes @ 0.55 g/t).
• Engaged Gardiner Brothers Drilling Inc. to drill a water well near the proposed processing facility, intended to supply water for large‑scale operations.
• Qualified Person – Randall Moore, EVP Exploration, approved the technical information under NI 43‑101.

Notable Quotes

(No direct CEO quotes were included in the release.)