NeXGold Mining Corp. reports a wider quarterly loss and reduced cash position despite proceeds from warrant exercises.
NeXGold Mining Corp. reported a first-quarter net loss of $11.4 million, or $0.05 per share, widening from a $9.4 million loss, or $0.07 per share, in the prior period.
Cash and short-term investments fell to $104.5 million at March 31, 2026, from $107.7 million at December 31, 2025. The decline reflects $8.6 million used in operating activities, partially offset by $5.5 million from warrant and stock option exercises.