Sentinel Metals (SNM) H1 2026 earnings summary

Executive summary

• Focused on gold exploration in the USA, with flagship projects in Montana and a recent acquisition in Nevada.

• Commenced maiden diamond drilling at the Columbia Gold-Silver Project in June 2026.

• Expanded portfolio with the acquisition of the Big Springs Gold Project, Nevada, completed in August 2026.

Financial highlights

• Net loss after tax for the half-year ended 30 June 2026 was $1,318,783, compared to $464,480 for the same period in 2025.

• Total comprehensive loss for the period was $1,335,392, up from $612,463 year-over-year.

• Cash and cash equivalents at 30 June 2026 were $3,700,401, down from $6,978,306 at 31 December 2025.

• Exploration and evaluation expenditure capitalised increased to $7,489,172 from $5,346,905 at year-end.

• Basic and diluted loss per share was 1.27 cents, compared to 2.00 cents for the prior period.

Outlook and guidance

• Acquisition of Big Springs Gold Project adds a JORC Mineral Resource of 1.01Moz gold and is permitted for mining.

• Option to buy out a legacy royalty at Columbia Gold-Silver Project for a fixed price, providing future cost certainty.