Q2 FY2026 EarningsQ2 FY26 revenue of $24.3M significantly missed the $44.0M consensus (-44.7%), and Free Cash Flow (FCF) of -$71.1M was below the consensus low of -$64.0M. The top-line underperformance was driven by a decrease in gold sales (5,335 oz) due to third-party processing bottlenecks and geotechnical delays at Granite Creek high-grade headings. Despite the operational miss, the company maintains a robust liquidity position of $464.6M following a successful $787.5M recapitalization in Q1, supporting the Lone Tree Plant refurbishment which remains on schedule.