)

Foran Mining (FOM) investor relations material
Foran Mining Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Advanced construction at the Mcllvenna Bay Project reached 42% completion by June 30, 2025, with commercial production targeted for mid-2026 despite a temporary wildfire evacuation.
Raised $350 million in May 2025 through a two-tranche private placement, with major institutional investors and insiders participating.
Phase 1 capital budget revised to $1,082 million, up from $886 million, due to cost pressures and expanded project scope.
Established a $50 million at-the-market equity program in July 2025 to support working capital and project ramp-up.
Financial highlights
Net income of $10.4 million for the six months ended June 30, 2025, compared to $0.2 million for the same period in 2024.
Cash and cash equivalents increased to $396.8 million as of June 30, 2025, from $363.6 million at December 31, 2024.
Total assets rose to $1,625.4 million from $1,156.2 million at year-end 2024, driven by capital raises and project investment.
Total liabilities increased to $520.3 million from $360.6 million, mainly due to credit facility drawdowns and project payables.
No revenues generated as the company remains in the development stage.
Outlook and guidance
Commercial production at Mcllvenna Bay remains on track for mid-2026, with construction and underground development progressing as scheduled.
Remaining Phase 1 capital cost to completion is $560.9 million as of June 30, 2025.
ATM equity program proceeds will be used for working capital and general corporate purposes as construction advances.
Exploration focus for the remainder of 2025 is on infill and expansion drilling at the Tesla Zone.
Next Foran Mining earnings date

Next Foran Mining earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage