Elysee Announces Results for Three and Six Months Ended June 30, 2026
Elysee Development reported a Q2 2026 net loss of $665,865 ($0.02 per share), swinging from a profit of $1.02M a year earlier, though six-month earnings remained positive at $1.26M. NAV per share increased modestly to $0.78 from $0.76 at year-end 2025, while cash on hand stood at $4.77M as of June 30. Management noted that while the mining sector faced significant declines, the portfolio outperformed benchmarks after the firm raised cash in Q1 to nearly 30% of assets. The company has since deployed capital into new positions, including Probe Metals and Greyridge Exploration, and exited stakes in Arizona Sonoran Copper and Lithium South.
Key figures
- Guidance
- Believes gold and silver prices bottomed in July 2026 and have rebounded; increased copper exposure.
- Cash position
- 4774853
- Nav per share
- $0.78
- Net earnings 6m
- 1264376
- Shares outstanding
- 28194189
- Investment gain realized 6m
- 3971104
AI analysis
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