5 Worst Performing Commodity Stocks So Far in 2026

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1. U.S. Gold Corp. (NASDAQ:USAU)

U.S. Gold Corp. (NASDAQ:USAU) is one of the worst-performing commodity stocks so far in 2026.

On March 17, U.S. Gold filed its quarterly report for the period ended January 31, 2026, showing that the company remains in the development stage, with no revenue, as it continues to advance the CK Gold Project in Wyoming. Net loss for the quarter narrowed to about $5.3 million from $6.4 million a year earlier, while the loss for the first nine months of fiscal 2026 was about $11.8 million. The bigger financial change was on the balance sheet. Cash, cash equivalents, and restricted cash rose to roughly $36.1 million at January 31, up from about $7.8 million at April 30, 2025, following the $31.2 million private placement completed in December 2025.

U.S. Gold said that cash should be enough for near-term corporate overhead and planned permitting, licensing, engineering, metallurgical, baseline, and pre-construction work, though it also said additional capital will likely be needed to carry the CK Gold Project into construction and production. The filing keeps the focus squarely on funding and project advancement rather than operating results, since the company is still pre-revenue.

U.S. Gold Corp. (NASDAQ:USAU) is a U.S.-focused gold and copper exploration and development company with the CK Gold Project in Wyoming, the Keystone Project in Nevada, and the Challis Gold Project in Idaho.

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