Highlights

  • Cora Gold is advancing the Sanankoro Gold Project while expanding exploration across Mali and Senegal.
  • The company reported an 11.3% YoY rise in H1 FY25 overhead costs due to increased exploration activity.
  • Loss before tax increased 47.8% YoY as operating expenses climbed in H1 FY25.
  • Cash and cash equivalents declined 20.8% YoY following a recent GBP 1.55 million fundraise.
  • New drill results from Madina Foulbé confirmed high-grade gold potential across multiple target zones.

Cora Gold Ltd (LSE:CORA) is a United Kingdom–based mining royalty company listed on the FTSE AIM All-Share Index. The company is advancing the Sanankoro Gold Project in southern Mali while continuing regional exploration programs across Mali and Senegal.

Cora Gold’s overhead costs in the first half of the financial year 2025 (H1 FY25) were USD 0.69 million compared with USD 0.62 million in H1 FY24, an increase of 11.3% YoY. Overhead costs rose due to increased exploration activities and board expansion efforts in the reporting period.

The loss before income tax in H1 FY25 was USD 0.68 million versus USD 0.46 million in H1 FY24, a 47.8% YoY, primarily driven by higher overhead costs.

Cash and cash equivalents declined to USD 1.64 million in H1 FY25 from USD 2.07 million in H1 FY24, a decrease of 20.8%, driven by a recent fundraise of GBP 1.55 million (USD 2.0 million).

Recent Business Update

On 15-Sep-25, Cora Gold released its 2025 Madina Foulbé exploration update. Cora Gold’s exploration at Madina Foulbé in Senegal confirms significant gold potential across four large targets, with drill results, including 10 meters at 4.41 g/t Au, revealing a major, untested system within a proven gold belt and offering substantial upside.

Company Outlook

The company’s outlook is focused on securing the Sanankoro mining permit and finalizing the updated DFS in Q3 2025 to advance toward construction. Concurrently, exploration at Madina Foulbé reveals significant upside potential, aiming to expand the resource base and enhance long-term shareholder value in a favourable gold price environment.

Top 10 Shareholders

The top ten shareholders collectively account for roughly 65.80% of the company’s issued share capital. Brookstone Business Inc. holds the largest individual stake at about 31.11%, followed by Lord Michael Stahel Farmer, who owns approximately 19.29%.

Stock Information

CORA closed at GBX 6.12 on 9 December 2025.  The share price increased 21.29% over one month but declined 36.86% over three months. It remains 150% higher year-to-date. The stock traded between a 52-week high of GBX 10.50 and a 52-week low of GBX 2.10.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 09 December 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.