Star Gold Corp. reported a full-year 2026 net loss of $(824,850) and no operating revenue for the year as the company shifted spending toward pre-development and permitting activities at its Longstreet project.
Financial Highlights
- Revenue was $0 for FY 2026, unchanged from $0 in FY 2025.
- Net income (loss) was $(824,850) for FY 2026, compared with a net loss of $(257,386) in FY 2025; loss increased $567,464 (220.5% change in loss).
- Diluted earnings per share was $(0.01) for FY 2026 (basic and diluted); FY 2025 reported as Nil.
Business Highlights
- Permitting focus: The company shifted to pre-development and permitting for the Longstreet project, preparing an Environmental Impact Statement (EIS) and a Plan of Operations.
- Drilling & studies: Plans include 2–4 hydrology holes, geochemical/core drilling and water-monitor wells to support permitting requirements.
- Operational spend shift: Management reported a meaningful increase in pre-development, technical consulting and field expenses to advance mine planning and permit support.
- Public company readiness: Legal, audit and administrative costs rose as the company met SEC and public company requirements while advancing permitting work.
- Funding: Star Gold raised capital in February 2026 to fund permitting, drilling design and engineering for Longstreet.
Original SEC Filing:
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