Xali Gold posts year loss of $1.35 million, citing $950,482 FX swing in FY ended March 31, 2026 MD&A
Reuters2026/07/29 23:23- For the year ended March 31, 2026, net loss was USD 1.35 million, swinging from USD 1.27 million net income a year earlier.
- Performance was driven mainly by a USD 950,482 foreign-exchange swing, partly offset by a USD 589,904 drop in exploration expense.
- General and administrative costs rose USD 173,056, reflecting higher activity tied to the Pico Machay project in Peru.
- Cash ended at USD 395,344, while working capital deficit widened to USD 4.73 million with current liabilities of USD 5.15 million.
- Focus shifted to Pico Machay following the acquisition closing; deferred acquisition payments total USD 14.5 million through 2030, excluding a USD 2.5 million milestone.
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