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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Golden Horse Minerals
Golden Horse Minerals (GHM) investor relations material
Golden Horse Minerals H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary26 Mar, 2026
Executive summary
Completed acquisition of the Sorrel Copper Project in the Northern Territory, Australia, for $3.0 million, treated as an asset acquisition rather than a business combination.
Changed presentation currency from CAD to AUD to better reflect operations and comparability.
Listed on the ASX on December 16, 2024, with a focus on mineral exploration in Australia.
Financial highlights
Cash and cash equivalents increased to $43.7 million as of December 31, 2025, from $15.0 million in 2024.
Net loss for 2025 was $5.9 million, an improvement from a $7.0 million loss in 2024.
Total assets rose to $84.8 million at year-end 2025, up from $39.4 million in 2024.
Shareholders' equity increased to $79.7 million from $33.5 million year-over-year.
Deferred exploration and evaluation costs reached $39.9 million, up from $24.3 million in 2024.
Outlook and guidance
The company remains focused on exploration and development of its Australian mineral assets, with ongoing capital allocation to exploration programs.
No significant subsequent events or changes in operations reported after year-end.
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Latest events from Golden Horse Minerals
- 125 km of drilling in 2026 targets high-grade gold across a fully funded, consolidated belt.GHM
RIU Explorers Conference 202617 Feb 2026 - Gold sales reached $4.06M, but funding needs create material going concern uncertainty.GHMH2 202329 Jan 2026
- High-grade gold results and major land consolidation drive growth in a top-tier mining region.GHMInvestor presentation29 Jan 2026
- ASX listing raised A$18M, enabling major gold exploration at Southern Cross with A$15M cash.GHMQ4 2024 TU29 Jan 2026
- Raised A$18M in IPO, expanded assets, and ended with $13.4M cash despite a $6.3M net loss.GHMH2 202429 Jan 2026
- High-grade gold intercepts and expanded tenure drive strong exploration momentum.GHMQ1 2025 TU29 Jan 2026
- Rapidly advancing high-grade gold projects with strong results and strategic copper exposure.GHMInvestor presentation29 Jan 2026
- Net loss narrowed, equity and assets grew, and major acquisitions advanced exploration portfolio.GHMH1 202529 Jan 2026
- High-grade gold intercepts and a major copper project acquisition drive exploration momentum.GHMQ3 2025 TU29 Jan 2026
Golden Horse Minerals
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