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Gold Springs Resource Corp (GRCAF) is a mining company focused on the exploration and expansion of gold and silver resources at its Gold Springs project in the USA. The company recently reported positive assay results confirming extensions of high-grade deposits in the North Jumbo and South Jumbo resource areas. With a strategic focus on the Charlie Ross Resource area, Gold Springs aims to expand its three parallel zones (Western, Central, and Eastern) to capitalize on significant gold mineralization opportunities. The company's recent financial statements show a prudent approach to cost management and exploration spending, positioning it for continued growth and success in the mining industry.
Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) has released its Q2 2024 financial statements and MD&A. Key points include:
- General and administrative expenses for H1 2024 decreased to $0.31 million from $0.33 million in H1 2023
- Exploration spending in H1 2024 decreased to $0.17 million from $0.67 million in H1 2023
- Net loss for H1 2024 was $0.34 million compared to $0.28 million in H1 2023
- Q2 2024 net loss was $0.18 million compared to $0.08 million in Q2 2023
- Cash position as of June 30, 2024: $0.01 million
The increased net loss was primarily due to higher non-cash share-based payments expense.
Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) announced the results of its 2024 Annual Shareholders Meeting held on June 17, 2024, in Vancouver, British Columbia. Shareholders approved all proposed resolutions, including setting the number of directors at five. The elected directors are Laurent Arnoux, Antonio Canton, Victor Dario, Philippe Jouard, and Tina Woodside-Shaw. The voting was conducted by ballot, with Arnoux, Dario, and Jouard receiving 99.92% of votes, Canton 90.92%, and Woodside-Shaw 97.95%. Philippe Jouard, Managing Partner of CELAH Capital, joins the board. Additionally, PricewaterhouseCoopers LLP was re-appointed as the auditors. Detailed voting results can be found on SEDAR+.
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