Golden Horse Minerals Maintains Strong Cash Position to Advance Exploration
Golden Horse Minerals Limited (ASX: GHM) has reported a solid financial position for the quarter ended 30 June 2026, maintaining a cash balance of AU$30.6 million to support the continued advancement of its exploration portfolio. During the quarter, the Company invested AU$7.8 million in exploration and evaluation activities, reflecting its ongoing commitment to progressing key mineral assets, while a further AU$43,000 was directed towards tenement acquisitions and AU$19,000 towards property, plant and equipment. Net operating cash outflows totalled AU$857,000, with administration and corporate costs of AU$941,000 and staff costs of AU$351,000, partially offset by AU$435,000 in interest income. Based on current expenditure levels, Golden Horse Minerals estimates available funding for approximately 3.5 quarters, highlighting a well-funded balance sheet capable of supporting near-term exploration programs and corporate activities without the immediate need for additional financing.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Golden Horse Minerals Maintains Strong Cash Position to Advance Exploration
Golden Horse Minerals Limited (ASX: GHM) has reported a solid financial position for the quarter ended 30 June 2026, maintaining a cash balance of AU$30.6 million to support the continued advancement of its exploration portfolio. During the quarter, the Company invested AU$7.8 million in exploration and evaluation activities, reflecting its ongoing commitment to progressing key mineral assets, while a further AU$43,000 was directed towards tenement acquisitions and AU$19,000 towards property, plant and equipment. Net operating cash outflows totalled AU$857,000, with administration and corporate costs of AU$941,000 and staff costs of AU$351,000, partially offset by AU$435,000 in interest income. Based on current expenditure levels, Golden Horse Minerals estimates available funding for approximately 3.5 quarters, highlighting a well-funded balance sheet capable of supporting near-term exploration programs and corporate activities without the immediate need for additional financing.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au