Thesis Gold & Silver posts Q1 net loss of CAD 3.26 million, citing higher bonuses and share-based compensation
Reuters2026/07/29 22:37- Thesis Gold & Silver posted a net loss of CAD 3.26 million for the three months ended May 31, 2026, versus CAD 880,129 a year earlier.
- Higher corporate costs drove the wider loss, led by management and consulting expense of CAD 1.5 million, reflecting officer bonuses.
- Share-based compensation rose to CAD 1.36 million; office and administration expense increased to 306,318; professional fees climbed to 913,932.
- Interest income increased to 460,185; flow-through share premium liability settlement income rose to 665,523, partly offsetting expense growth.
- Cash fell to CAD 71.16 million from CAD 76.11 million; operating cash outflow increased to CAD 4.03 million from CAD 2.79 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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