Meridian Mining H1 operating loss widens 30.38% to USD 9.98 million; comprehensive loss climbs 90.55% to USD 12.71 million
Reuters2026/08/13 06:07- Meridian Mining posted a total comprehensive loss of USD 12.71 million, widening from USD 6.67 million a year earlier.
- Operating loss deepened to USD 9.98 million from USD 7.65 million, while net loss was USD 12.83 million versus USD 6.76 million.
- Cash and cash equivalents climbed to USD 95.98 million from USD 41.71 million, lifting net assets to USD 102.13 million from USD 42.93 million.
- Exploration and evaluation costs rose to USD 5.67 million from USD 3.81 million, driven by Cabaçal DFS work and Santa Helena licensing.
- Cabaçal feasibility study neared 50% completion for a Q4 2026 filing, with long-lead orders placed; CEO Gilbert Clark said the company is funded through FID.
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