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Trigon Metals (TM) investor relations material
Trigon Metals Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Entered definitive agreement to sell Kombat Mine for $24M in cash, with additional royalty and production payments, shifting focus to exploration assets in Morocco and Namibia.
Operations at Kombat Mine paused in January 2025 due to pump failures and flooding; mine placed on care and maintenance.
Ongoing exploration at Silver Hill, Addana, and Kalahari Copperbelt projects, with new drilling and geophysical surveys underway.
Financial highlights
Net loss from continuing operations was $1.42M for Q1 2025, compared to $1.21M in Q1 2024.
Net loss from discontinued operations was $2.31M, up from $1.01M in the prior year.
Working capital deficit increased to $9.89M at June 30, 2025, from $6.16M at March 31, 2025.
Cash balance at June 30, 2025 was $1.33M.
Revenue from Kombat Mine (discontinued) dropped to $0.48M from $10.03M year-over-year due to operational pause.
Outlook and guidance
Completion of Kombat Mine sale expected to resolve liquidity issues and refocus on exploration assets.
Planned drilling at Addana and further exploration at Kalahari Copperbelt and Silver Hill.
Company expects to regain TSXV compliance post-transaction.
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