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U.S. GoldMining Inc. USGO Exploration Expense

Exploration Expense at other companies

U.S. Gold Corp. logo
U.S. Gold Corp.USAU
$436.91K-41.4%
Solitario Resources logo
Solitario ResourcesXPL
$182K-23.8%
Trilogy Metals logo
Trilogy MetalsTMQ
$25K
Perpetua Resources Corp. logo
Perpetua Resources Corp.PPTA
$53.1M+306%
Ivanhoe Electric logo
Ivanhoe ElectricIE
$23.21M+47.0%
Contango Silver & Gold
 logo
Contango Silver & Gold CTGO
$3.83M+734%

Other financials

Income statement

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Operating income-$2.0M-50.4%
Net income-$1.9M-49.4%
EPS (diluted)-$0.14-40.0%

Balance sheet

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Cash & equivalents$4.8M+56.0%
Total debt$79.8K-22.8%
Total equity$6.2M+87.7%
Total assets$7.1M+69.6%

Cash flow

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Operating cash flow-$2.5M-176%
CapEx$236.8K
Free cash flow-$2.8M

Valuation

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Market cap$112.82M+10.8%
Enterprise value$108.15M+9.7%

Returns & leverage

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Return on equity-159.5%+70.7pp
Debt / equity0.0×
Current ratio10.1×+4.7×

Where this comes from

Reported directly by U.S. GoldMining Inc. in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The official record: U.S. GoldMining Inc.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is U.S. GoldMining Inc.'s exploration expense?
U.S. GoldMining Inc. (USGO) reported exploration expense of $531.84K in Q1 2026.
How has U.S. GoldMining Inc.'s exploration expense changed year-over-year?
U.S. GoldMining Inc.'s exploration expense increased by 138.3% year-over-year, from $223.23K to $531.84K.
What is the long-term trend for U.S. GoldMining Inc.'s exploration expense?
Over 3 years (2022 to 2025), U.S. GoldMining Inc.'s exploration expense has grown at a 77.7% compound annual growth rate (CAGR), from $543.32K to $3.05M.
What does exploration expense mean?
This metric represents the total costs incurred by a mineral exploration company to identify, evaluate, and delineate potential mineral deposits. It encompasses expenditures related to geological surveys, drilling programs, and technical studies necessary to advance a project toward feasibility. Investors use this figure to assess the company's commitment to asset development and the intensity of its capital deployment in exploration activities.