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An update from Borealis Mining Company Limited ( (TSE:BOGO) ) is now available.
Borealis Mining reported unaudited first-quarter fiscal 2026 results showing revenue of US$1.54 million and gross profit of US$0.89 million from initial gold and silver production at its Borealis Mine, supported by a strengthened balance sheet with US$8.18 million in cash, US$11.87 million in working capital and a narrowed net loss of US$0.88 million. Operationally, the company achieved its first gold pour from historic stockpiles, maintained stable ADR plant performance after upgrades, advanced key permitting milestones including U.S. Forest Service approval of a mine plan modification, and moved ahead with engineering and workforce preparations for a planned restart of open-pit mining and blasting in early 2026, a decision made without a feasibility study and therefore carrying higher economic and technical risk for stakeholders.
The most recent analyst rating on (TSE:BOGO) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Borealis Mining Company Limited stock, see the TSE:BOGO Stock Forecast page.
More about Borealis Mining Company Limited
Borealis Mining Company Limited is a Vancouver-based precious metals miner focused on gold and silver production from its Borealis Mine in Nevada. The company is transitioning from exploration and development into initial production, processing historic oxide stockpiles while preparing to restart open-pit mining and blasting to expand output and advance its position as an emerging U.S. gold producer.
Average Trading Volume: 570,581
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$177.9M
Learn more about BOGO stock on TipRanks’ Stock Analysis page.