Amapá Minerals (AMAP) Q3 2026 earnings summary

Executive summary

• Q3 marked transition from historical-stockpile start-up to integrated mine-to-mill operations; commercial production had not been declared at Sept. 30, 2026.

• September throughput and gold production each exceeded twice July levels; no fatalities or lost-time injuries were recorded, with ~1.05 million hours worked YTD.

Financial highlights

• Q3 revenue was US$13.990M, gross profit US$2.236M and net loss US$9.650M; G&A expenses were US$14.074M.

• 9M revenue was US$15.169M, gross profit US$2.418M and net loss US$17.060M; G&A expenses were US$23.020M.

Outlook and guidance

• Q4 priorities are improving plant availability, throughput and recovery as ramp-up continues.

• Urucum North underground feasibility study is expected in 1H 2027; sustainable growth and phased ramp-up remain objectives.