Quarterly ResultAug 6, 2026, 06:10 AM
Trekor Q2 Adjusted EBITDA $125M; Net Income $22M
AI Summary
Trekor Metals Limited reported strong second-quarter 2026 financial results, driven by record copper prices and robust production. The company achieved Adjusted EBITDA of $125 million and revenues of $331 million, with consolidated copper production increasing 80% year-over-year. Florence Copper successfully completed its first full quarter of operations, producing 5.2 million pounds of copper cathode, while the Yellowhead project advanced significantly in its permitting process. The company also updated its hedging strategy, moving to higher copper collar ceilings and put options for future quarters.
Key Highlights
- Reported Adjusted EBITDA of $125 million for Q2 2026.
- Achieved net income of $22 million ($0.06 per share) and Adjusted net income of $40 million ($0.11 per share).
- Generated revenues of $331 million from consolidated sales of 37.5 million pounds of copper.
- Consolidated copper production increased 80% year-over-year to 36 million pounds.
- Florence Copper produced 5.2 million pounds of copper cathode in its first full quarter of operations.
- Yellowhead project permitting advanced, receiving a positive Readiness Decision from the BC EAO.
- Copper collar contracts with a US$5.40 ceiling matured, with new Q3 collars set at US$7.50 and US$8.50 per pound.
- Maintained a cash balance of $186 million and total available liquidity of $342 million at quarter-end.
Price Impact
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