Northwire Canada EditionFriday, July 10, 2026
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Earnings Routine +

Goldsky Resources Files Audited Annual Financial Statements for the Year Ended December 31, 2025

Goldsky Resources Secures Agnico Eagle Control, Solidifies Nordic Gold Portfolio with $84M Cash Reserve

Executive Summary

Goldsky Resources Corp. filed its audited consolidated financial statements and Management's Discussion and Analysis (MD&A) for the fiscal year ended December 31, 2025. The independent auditor, Davidson & Co., issued an unqualified audit opinion on the financial statements. Key resource estimates were updated in this filing: * Barsele Gold Project (Sweden): Indicated Mineral Resource of 7.88 Mt @ 1.27 g/t Au (containing 320,781 oz Au) and Inferred Mineral Resource of 28.75 Mt @ 1.98 g/t Au (containing 1.83 Moz Au). * Rajapalot Gold-Cobalt Project (Finland): Inferred Resource of 9,780kt containing 867 koz Au @ 2.8 g/t Au and 4.3 kt Co @ 441 ppm Co. This filing follows the April 9, 2026 shareholder approval for Agnico Eagle Mines Limited to become a Control Person, enabling Goldsky to acquire the remaining 55% of the Barsele Gold Project and achieve 100% ownership. The financials reflect the post-merger state following the December 2025 consolidation with Mawson Finland Ltd.

Material Impact

The filing is a standard compliance event confirming the financial health established by the $80 million financing in late 2025 and the merger completion. It validates the strong balance sheet reported in March 2026 ($84.4M cash) without revealing any negative surprises such as qualified audit opinions or hidden liabilities. The resource estimates are consistent with the strategic narrative of a consolidated Nordic portfolio, though tonnage increases slightly compared to pre-merger JV figures due to full ownership consolidation. While positive for investor confidence, this is not market-moving news in isolation; it confirms expectations set by the April 9 Control Person announcement and December merger filing. The unqualified audit opinion removes accounting risk, which is critical for a junior explorer with significant integration costs ($28.2M net loss in 2025).

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Company Overview

Goldsky Resources Corp. was formed via the merger of First Nordic Metals Corp. and Mawson Finland Ltd., creating a leading Nordic-focused gold development company. The portfolio spans Sweden and Finland with over 123,000 hectares. * Flagship Project: Barsele Gold Project (Sweden). Previously a JV, now moving to 100% ownership via Agnico Eagle transaction. Resource base is significant (~2.15 Moz Au total indicated/inferred). * Secondary Asset: Rajapalot Gold-Cobalt Project (Finland). High-grade gold with cobalt exposure, adding critical mineral diversification. * Exploration Targets: Aida target (Paubäcken) and Nippas zone show strong drilling results with multi-kilometric anomalies.

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