Canada's Liberty Gold Q2 net income turns positive on asset sale

Liberty Gold

12/08/2026 23:30

Overview
Canada gold explorer's Q2 net income from continuing ops turned positive yr/yr
Q2 diluted EPS from continuing ops rose to $0.07 from a loss yr/yr
Company closed Goldstrike Project sale for up to $72.5 mln in staged payments

Outlook
Company did not provide specific financial or operational guidance for future periods

Result Drivers
ASSET SALES - Q2 results included proceeds from the sale of the Goldstrike Project and the Gage Project, with staged payments and share consideration received
EQUITY FINANCINGS - Additional cash was raised through the exercise of warrants and Centerra Gold's equity investments to maintain its 9.9% stake

Company press release: ID:nGNX3vt2fY

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS from Conts Ops
 
$0.07
 
Q2 Net Income from Conts Ops
 
$43.03 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Liberty Gold Corp is C$3.00, about 64.8% above its August 11 closing price of C$1.82

Reuters Recommended Reads
Aug 11 - Canada's Integra Resources Q2 revenue rises on higher gold prices
Aug 12 - Canada's Pan American Silver Q2 adjusted EPS misses estimates on lower gold output
Aug 10 - Canada's Barrick Mining Q2 profit misses estimates, plans North American IPO by end-2026

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)