Gold Springs Resource Corp Stock Price, News & Analysis

Gold Springs Resource Corp. (GRCAF) has released its Q1 2025 financial results and operations update. The company reported a net loss of $0.17 million compared to $0.16 million in Q1 2024. General and administrative expenses decreased to $0.14 million from $0.15 million year-over-year, while exploration spending increased to $0.09 million from $0.07 million. The company's cash position stood at $0.02 million as of March 31, 2025. Operationally, Gold Springs has engaged consultants to apply for permits to construct a heap-leach processing pilot plant and starter pit at the South Jumbo area in Utah, where a resource estimate indicates 214,565 oz M&I Au. The company also plans to complete a water well near the processing facility to support large-scale operations.

Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) has released its audited financial statements, MD&A, and AIF for the year ended December 31, 2024. The company reported a net loss of $0.68 million ($0.00 per share) compared to $0.64 million loss in 2023.

Key financial highlights include:

• General and administrative expenses decreased to $0.58 million from $0.64 million in 2023
• Exploration spending increased to $0.55 million from $0.42 million in 2023
• Cash position of $0.04 million as of December 31, 2024
• Loss includes $0.05 million from equipment disposal and $0.02 million reduction in foreign exchange gains

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) (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+.