Giyani Metals management commentary says Q2 2026 net loss widens to CAD 7.7 million on Demo Plant depreciation, higher finance expense

Reuters2026/09/01 18:03

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Giyani Metals management commentary flagged a Q2 2026 net loss of CAD 7.7 million, driven mainly by Demo Plant depreciation.
Depreciation totaled CAD 3.7 million in the quarter, following the Demo Plant’s transition to the operating phase in Q4 2025.
Demo Plant operating and maintenance costs added CAD 0.2 million, contributing to the quarterly loss.
Cash fell to CAD 506,113 at June 30, 2026 from CAD 3.27 million at Dec. 31, 2025 on DFS completion spending.
Working capital deficit widened to CAD 17.2 million, reflecting a higher current portion of the IDC convertible loan and lower cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Giyani Metals Corp. published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Giyani Metals management commentary says Q2 2026 net loss widens to CAD 7.7 million on Demo Plant depreciation, higher finance expense

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