Gold Reserve Q1 FY26 net loss widens to $10.63 million

Gold Reserve posted a net loss of USD 10.63 million, or USD 0.08 a share, for three months ended March 31, widening from USD 8.64 million, or USD 0.08 a share, a year earlier.
Interest income edged down to USD 802,459, while an unrealized gain on equity securities climbed to USD 543,717.
Corporate general and administrative expense jumped to USD 7.1 million, while contingent value rights expense was USD 2.8 million.
Cash and cash equivalents rose to USD 122.5 million, reflecting USD 75 million in private placement proceeds; term deposits increased to USD 14.88 million.
Company pegged the remaining unpaid amount due from Venezuela under the arbitral award at an estimated USD 1.24 billion, including interest, as of March 31.

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