FURY GOLD MINES LTD (FURY) Form 6-K — Aug 13, 2026
Fury Gold Mines filed Q2 2026 interim financials showing a net loss of C$14.9 million (C$0.08 per share), up sharply from a C$2.0 million loss a year earlier, driven by a C$6.9 million mark-to-market loss on gold-related marketable securities and exploration spending that doubled to C$7.1 million. First-half 2026 results flipped to a modest C$0.2 million net income thanks to a C$19.2 million gain tied to the Dolly Varden/Contango share exchange, and working capital strengthened to C$56.2 million, including C$45.9 million of mostly Contango marketable securities against only C$8.7 million of cash.
Key figures
- Eps
- C$0.08 loss per share in Q2 2026 (vs C$0.01); C$0.00 per share for H1 2026
- Net Income
- Q2 2026: C$14.87M net loss (vs C$2.00M loss in Q2 2025); H1 2026: C$0.19M net income (vs C$4.99M loss in H1 2025)
- Cash Position
- C$8.708M cash at June 30, 2026 (down from C$21.197M at Dec 31, 2025), plus C$45.918M marketable securities
- Shares Outstanding
- 190132195
- Working capital
- C$56.188M at June 30, 2026 (vs C$29.162M at Dec 31, 2025)
- Total liabilities
- C$7.164M (no debt; mainly payables and site reclamation provision)
- Phase2 drill program
- 15,000-25,000 m planned at Eau Claire through summer/fall 2026
- Warrants outstanding
- 13,029,435 at C$1.00 weighted average exercise price
- Gain on associates h1
- C$19.241M (Dolly Varden/Contango-related)
- Benz milestone payment
- C$1.10M ($850K cash + $250K Benz shares) for Eastmain Mine/Ruby Hill earn-in
- Exploration expense h1
- C$11.892M vs C$5.194M in H1 2025
- Exploration expense q2
- C$7.114M vs C$3.033M in Q2 2025
- Sakami inferred resource
- 23.9Mt at 1.07 g/t gold for 825,000 oz (La Pointe Extension, Dec 2025)
- Eau claire pea production
- 702koz underground at 5.22 g/t plus 132koz open pit at 2.50 g/t
- Cash used in operations h1
- C$14.661M vs C$7.061M in H1 2025
- Committee bay 2026 program
- ~5,000 m drilling plus till sampling concluding mid-September 2026
- Qpm mineral interests value
- C$5.436M in April 2025 acquisition
- Oct 2025 flow through financing
- C$18.0M gross via 15,918,000 flow-through shares; C$8.163M still committed to be spent by Dec 31, 2026
- Options outstanding aug 13 2026
- 6,427,274 at C$0.93 weighted average exercise price
- Net loss on marketable securities q2
- C$6.852M (decline in gold-price-related securities)
AI analysis
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