Highlights 

  • Exploration expenditure for the first nine months of 2025 rose to USD 0.77M. 
  • General and administrative costs totaled USD 0.41M for the nine-month period. 
  • Net loss reported at USD 0.48M for the nine months ended September 30, 2025. 

Gold Springs Resource Corp. (TSX:GRC) announced the filing of its unaudited consolidated financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2025.  

For the nine months ended September 30, 2025, general and administrative expenses, excluding non-cash share-based compensation, amounted to USD 0.41 million, compared with USD 0.42 million during the same period in 2024. For the quarter ended September 30, 2025, such expenses were USD 0.14 million, up slightly from USD 0.11 million recorded in the corresponding quarter of the previous year. 

Exploration expenditures for the first nine months of 2025 increased to USD 0.77 million from USD 0.45 million in the comparable period of 2024. The increase primarily reflects higher drilling activity undertaken during the year. 

Earnings and Cash Position 

For the nine months ended September 30, 2025, the company posted a net loss of USD 0.48 million, versus a net loss of USD 0.52 million in the same period last year. 

For the three-month period ended September 30, 2025, Gold Springs Resource Corp. reported a net loss of USD 0.18 million, unchanged from the USD 0.18 million loss recorded in the third quarter of 2024. 

As of September 30, 2025, the company reported cash holdings of USD 0.01 million. 

Corporate Overview 

Gold Springs Resource Corp. (TSX:GRC) is focused on the exploration and development of its gold and silverassetswithin the Gold Springs Project, located along the Nevada–Utah border in the United States. The project lies within the Great Basin, a well-established mining jurisdiction in western North America.