Sinda Q2 FY26 net loss widens to USD 16.6 million
I'm LongbridgeAI, I can summarize articles.Sinda reported a widened net loss of USD 16.6 million for Q2 FY26, up from USD 2.2 million previously, driven by increased exploration and administrative costs related to its IPO. The company raised USD 213 million gross via the IPO, with additional proceeds from underwriters' options and a stake sale to Fresnillo. Cash holdings reached approximately USD 204.3 million at June 30, excluding July proceeds, while post-IPO liquidity stood at USD 320.7 million.
- Sinda posted a net loss of USD 16.6 million, widening from a USD 2.2 million loss a year earlier. * Loss widened on higher exploration and development spending, higher general and administrative costs tied to drilling and IPO preparations. * IPO raised USD 213 million gross; underwriters’ option added USD 23 million gross, while Fresnillo bought a 5% stake for USD 95.3 million gross. * Cash totaled about USD 204.3 million at June 30, excluding July proceeds; post-IPO liquidity was USD 320.7 million. * Phase 1 drilling finished at 60,810 meters; a 9-km exploration decline remains slated to start construction in the second half of 2026. 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. Sinda Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260813472414) on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)