NGEx Minerals
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NGEx Minerals (NGEX) investor relations material

NGEx Minerals Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary5 Nov, 2026

Executive summary

  • Q3 focused on analyzing Phase 4 results and preparing Phase 5 drilling at Lunahuasi; plans include up to 8 rigs and exploration beyond the existing drill pattern.

  • Initial Lunahuasi metallurgical tests produced clean copper concentrates with 17%–39% copper and 10–44 g/t gold, with strong copper and variable gold recoveries.

Financial highlights

  • Q3 2026 net loss was $17.8M versus $28.7M in Q3 2025; costs included $12.3M exploration and project investigation and $5.4M G&A, partly offset by $1.7M interest income.

  • 9M 2026 net loss was $81.9M versus $85.2M in 9M 2025; exploration and project investigation costs were $73.9M and G&A was $16.5M.

  • Basic and diluted loss per share was $0.07 in Q3 2026 versus $0.14 in Q3 2025, and $0.38 for 9M 2026 versus $0.41 for 9M 2025.

Outlook and guidance

  • Phase 5 drilling will use up to 8 rigs across resource-definition, step-out and exploration objectives, including tests of targets beyond the current drill pattern.

  • Exploration adit development is planned alongside Phase 5; underground work depends on weather, remaining permits and regulatory approvals.

  • Drilling aims to extend Mars, Saturn and Jupiter, test new zones and contribute toward a future Lunahuasi Mineral Resource Estimate.

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Frequently asked questions

NGEx Minerals Ltd. is a Canada-based exploration company primarily focused on the discovery and development of copper and gold deposits in South America. The company's portfolio includes the advanced Los Helados project, a significant copper-gold deposit situated in Chile's Region III, alongside other early-stage exploration projects in Argentina. NGEx Minerals is part of the Lundin Group, known for its extensive expertise in the mining sector. The company is headquartered in Vancouver, British Columbia, and its shares are listed on the TSX.