Pasinex Resources Limited recorded revenue of C$223,650 and a consolidated net loss of C$745,023 for the three months ended June 30, 2026, marking its first full reporting period following the acquisition of 100% of Horzum A.Ş. and Aydın Teknik A.Ş.

The quarter reflects the integration of the Pinargozu high-grade zinc mine in Türkiye alongside the Sarikaya lead-zinc licence. Horzum mined 587 wet tonnes of zinc product, compared with 280 tonnes in the prior-year period. Cost of sales totalled C$0.2 million, generating a mine operating income of C$13,553. Pasinex attributed the net loss to higher general and administrative expenses following the full consolidation of its Turkish operations.

Cash stood at C$820,715 as of June 30, 2026, down from C$1,807,179 at March 31, 2026. Total liabilities decreased to C$4,948,841 from C$5,127,116, while shareholder loans stood at C$1,779,055. The company also completed a private placement for gross proceeds of C$2,014,880 and raised C$275,000 from the exercise of 6,875,000 stock options.

“The first quarter represents the beginning of a new operating phase for Pasinex following the completion of our acquisitions and the consolidation of our Turkish operations. We now directly manage production, mine development, exploration and commercial activities at Pinargozu while advancing Sarikaya as our second high-grade zinc asset in Türkiye.” — Dr. Larry Seeley, Executive Chairman

Subsequent to the quarter-end, underground development and exploration continued. As of August 28, 2026, diamond drilling at Sarikaya reached 976.4 metres across 12 completed holes. At Pinargozu, the +410 development project advanced to 85 metres, while the T1 exploration drift progressed to 72 metres.

“Our focus remains on developing additional working areas, increasing production over time and systematically exploring the potential of both properties.” — Dr. Larry Seeley, Executive Chairman

Pasinex acquired full control of Pinargozu via a share transfer agreement. The company noted that the production decision was implemented without a feasibility study of mineral reserves demonstrating economic and technical viability, carrying a higher degree of risk than operations backed by a formal NI 43-101 technical report.

Read the full announcement: Pasinex Announces First Quarter 2026 Financial Results