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

Executive Summary

• Gold Springs Resource Corp. released its unaudited consolidated financial statements for the three‑ and nine‑month periods ended September 30, 2025, together with management’s discussion and analysis (MD&A).
• The company reported a net loss of $0.48 M for the nine months and $0.18 M for the most recent quarter, with cash on hand of $0.01 M as of September 30, 2025.
• Exploration spending increased to $0.77 M (nine months) driven primarily by drilling activity, while G&A expenses decreased slightly year‑over‑year.

Key Details

• Financial Statements: Unaudited consolidated statements for three‑ and nine‑month periods ended September 30, 2025 released.
• Net Losses:
• Nine months ended Sep 30 2025: loss of $0.48 M (nil loss per share).
• Three months ended Sep 30 2025: loss of $0.18 M (nil loss per share).
• Cash Position: Cash balance of $0.01 M as of September 30, 2025.
• General & Administrative Expenses (excl. non‑cash share‑based payments):
• Nine months: $0.41 M vs. $0.42 M in the prior year.
• Three months: $0.14 M vs. $0.11 M in the prior year.
• Exploration Spending: Increased to $0.77 M for nine months ended Sep 30 2025, up from $0.45 M in the same period of 2024, primarily due to drilling activities.
• Currency: All amounts expressed in U.S. dollars unless otherwise indicated.

Notable Quotes

(No executive quotes were included in the release.)