Gold Springs Resource Corp. Files Q3 2024 Financial Statements and MD&A
Gold Springs Resource Corp. (TSX: GRC) has released its Q3 2024 financial statements. The company reported reduced general and administrative expenses of $0.42 million for the nine months ended September 30, 2024, down from $0.45 million in the same period of 2023. Exploration spending decreased to $0.45 million from $0.53 million year-over-year. The company recorded a net loss of $0.52 million for the nine-month period, compared to a $0.44 million loss in 2023. Cash position stood at $0.04 million as of September 30, 2024.
Gold Springs Resource Corp. (TSX: GRC) ha pubblicato i suoi bilanci finanziari per il terzo trimestre del 2024. L'azienda ha riportato una riduzione delle spese generali e amministrative a 0,42 milioni di dollari per i nove mesi terminati il 30 settembre 2024, in calo rispetto ai 0,45 milioni di dollari nello stesso periodo del 2023. Le spese per esplorazione sono diminuite a 0,45 milioni di dollari rispetto ai 0,53 milioni dell'anno precedente. L'azienda ha registrato una perdita netta di 0,52 milioni di dollari per il periodo di nove mesi, rispetto a una perdita di 0,44 milioni di dollari nel 2023. La liquidità si attestava a 0,04 milioni di dollari al 30 settembre 2024.
Gold Springs Resource Corp. (TSX: GRC) ha publicado sus estados financieros del tercer trimestre de 2024. La compañía reportó una disminución en los gastos generales y administrativos de 0.42 millones de dólares por los nueve meses que terminaron el 30 de septiembre de 2024, en comparación con 0.45 millones de dólares en el mismo período de 2023. El gasto en exploración bajó a 0.45 millones de dólares desde 0.53 millones de dólares en el año anterior. La compañía registró una pérdida neta de 0.52 millones de dólares para el período de nueve meses, en comparación con una pérdida de 0.44 millones de dólares en 2023. La posición de efectivo se situó en 0.04 millones de dólares al 30 de septiembre de 2024.
Gold Springs Resource Corp. (TSX: GRC)는 2024년 3분기 재무제표를 발표했습니다. 회사는 2024년 9월 30일로 종료된 9개월 동안 일반 및 관리 비용이 42만 달러로 감소했으며, 이는 2023년 같은 기간의 45만 달러에서 줄어든 수치입니다. 탐사 비용은 전년도 53만 달러에서 45만 달러로 감소했습니다. 회사는 9개월 동안 52만 달러의 순손실을 기록했으며, 이는 2023년 44만 달러의 손실과 비교됩니다. 현금 잔고는 2024년 9월 30일 기준으로 4만 달러로 집계되었습니다.
Gold Springs Resource Corp. (TSX: GRC) a publié ses états financiers pour le troisième trimestre 2024. La société a signalé une réduction de ses frais généraux et administratifs s'élevant à 0,42 million de dollars pour les neuf mois se terminant le 30 septembre 2024, contre 0,45 million de dollars au cours de la même période en 2023. Les dépenses d'exploration ont diminué à 0,45 million de dollars depuis 0,53 million de dollars d'une année à l'autre. La société a enregistré une perte nette de 0,52 million de dollars pour la période de neuf mois, par rapport à une perte de 0,44 million de dollars en 2023. La position de trésorerie était de 0,04 million de dollars au 30 septembre 2024.
Gold Springs Resource Corp. (TSX: GRC) hat seine Finanzberichte für das dritte Quartal 2024 veröffentlicht. Das Unternehmen berichtete über reduzierte allgemeine und Verwaltungskosten von 0,42 Millionen Dollar für die neun Monate, die am 30. September 2024 endeten, im Vergleich zu 0,45 Millionen Dollar im gleichen Zeitraum 2023. Die Forschungsausgaben sanken von 0,53 Millionen Dollar auf 0,45 Millionen Dollar im Jahresvergleich. Das Unternehmen verzeichnete einen Nettverlust von 0,52 Millionen Dollar für den Neunmonatszeitraum, verglichen mit einem Verlust von 0,44 Millionen Dollar im Jahr 2023. Die Bargeldposition lag am 30. September 2024 bei 0,04 Millionen Dollar.
- Decreased general and administrative expenses from $0.45M to $0.42M in nine months
- Reduced quarterly G&A expenses from $0.12M to $0.11M
- Increased net loss from $0.44M to $0.52M in nine months
- Decreased exploration spending from $0.53M to $0.45M
- Low cash position of $0.04M as of September 30, 2024
- $0.05M non-cash loss on disposal of equipment
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) (the "Company"), reports the release of its unaudited consolidated financial statements for the three and nine months ended September 30, 2024 and the related management's discussion and analysis of financial position and results of operations ("MD&A"). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.
During the nine months ended September 30, 2024, general and administrative expenses, excluding non-cash share-based payments, decreased to
About Gold Springs Resource Corp.
Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) is focused on the exploration and expansion of the gold and silver resources of its large Gold Springs project located on the border of Nevada and Utah, USA. The project is situated in the prolific Great Basin of Western USA, one of the best mining jurisdictions in the world.
Gold Springs Resource Corp. Contact:
Antonio Canton, President and CEO
acanton@goldspringsresource.com
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking information" under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements herein may include words such as "creating", "believe", "would", "continue", "will", "promising", "should", and similar expressions and includes the statement relating to the significant potential of the Charlie Ross deposit. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations if known and unknown risks or uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters, including water requirements for operations, as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company's Annual Information Form and continuous disclosure documents, which are available on SEDAR+ at www.sedarplus.ca. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada and Utah; the availability of equipment and qualified personnel to advance the Gold Springs project; execution of the Company's existing plans and further exploration and development programs for Gold Springs, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Unless otherwise indicated, forward-looking statements in this press release describe the Company's expectations as of the date hereof.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229664
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