Amapá Minerals (AMAP) Q2 2026 earnings summary

Executive summary

• Achieved first gold pour in May 2026, marking transition to operational ramp-up.

• Completed Phase 1 of restart strategy, including plant restart and dewatering of open pit.

• Published updated NI 43-101 Technical Report outlining 10-year open-pit life-of-mine plan.

Financial highlights

• Produced 500 oz of gold and sold 291 oz, generating US$1.2 million in revenue for Q2 2026.

• Cash and cash equivalents stood at US$2.8 million as of June 30, 2026.

• Positive net working capital of US$13.7 million and total equity of US$135.5 million.

• Financial and debt-like obligations totaled US$66.0 million, mainly long-term and in Brazilian reais.

Outlook and guidance

• Focus on disciplined execution and safe, efficient ramp-up following IPO.

• Ongoing commissioning of the ball mill and operational ramp-up expected to continue.

• 10-year open-pit life-of-mine plan supported by updated technical report.