Trekor Metals Management Says Strong Copper Prices Drive Record Q3 2026 Earnings
Bitget2026/11/04 23:46- Trekor Metals management commentary attributed stronger third-quarter 2026 earnings to higher copper prices, increased Gibraltar sales volumes and Florence's ramp-up.
- Adjusted net income rose to CAD 54.59 million from CAD 5.58 million a year earlier.
- Adjusted EBITDA reached CAD 164.16 million; net income totaled CAD 33.61 million, with both measures surpassing previous quarterly records.
- Higher diesel and explosives costs partially offset earnings growth, while Gibraltar's copper recoveries were affected by more challenging ore.
- Florence's copper production increased 35% sequentially as solution flows rose; operating costs fell to USD 3.54 per pound from USD 4.72.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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