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Celsius Resources Ltd on Friday posted a widened full-year loss as increases in an array of expenses hampered the bottom line. The Philippines-focused gold and copper producer reported a pretax loss for continuing operations in 2025 of A$2.2 million, about $1.5 million, widened from A$1.3 million in 2024. The company reported no revenue, flat on-year, but saw other income rise to A$1,653 from A$77. The wider loss is therefore attributed to rising costs, as exploration expenditure multiplied to A$1.0 million from A$281,874. Directors’ and employee benefits expense grew 65% to A$260,154 from A$157,518, while travel and accommodation costs more than doubled to A$44,204 from A$17,568. However, legal and professional fees fell 32% to A$282,320 from A$417,046. Shares in the company fell 5.8% to 0.73 pence on Friday afternoon in London. Looking ahead, Celsius said Makilala Mining Company Inc, an affiliate based in the Philipinnes, is nearing completion of the front-end engineering design and definitive feasibility study to ‘support the development of its flagship Maalinao-Caigutan-Biyog Copper-Gold project in the Cordillera administrative region.’ ‘With more than 90 percent of deliverables finalized, major components-including mine design, process plant layout, and surface infrastructure planning-are already in place,’ said Celsius Resources. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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