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L1 Gold Fund posts $71 million loss amid gold price slump, plans $160 million capital raise
8:09am on Monday 24th of August, 2026 AEST
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Financial Services
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L1 Gold Fund posts $71 million loss amid gold price slump, plans $160 million capital raise
8:09am on Monday 24th of August, 2026 AEST
Key Points
Inaugural FY26 loss of $71.1 million after tax
Portfolio return of -10.9% from April to June 2026
Gold price fell ~17% amid geopolitical tensions
Announced $160 million placement and entitlement offer
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L1 Gold Fund (ASX:LGF)
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