Trekor Announces $164 Million of Adjusted EBITDA in Third Quarter

(TSX:TKO, LSE:TKO) Trekor Metals Limited reported third quarter 2026 Adjusted EBITDA of $164 million and cash flow from operations of $122 million. Revenues for the third quarter were $342 million, generated from consolidated sales of 37.4 million pounds of copper and 358 thousand pounds of molybdenum. Net income for the quarter was $34 million ($0.09 per share), while Adjusted net income was $55 million ($0.15 per share). Gibraltar mine produced 34 million pounds of copper in the third quarter, a 12% increase over the prior quarter, with copper sales of 30.5 million pounds. Through the first three quarters, Gibraltar produced 94 million pounds of copper, and full-year guidance was increased to 115 to 120 million pounds from the previous 110 to 115 million pounds. Gibraltar's total site costs were $144.5 million in the third quarter, including capitalized stripping of $10.2 million. Diesel costs increased by $9.6 million and explosives costs by $3.9 million compared to the third quarter of 2025. The average realized copper price for Gibraltar sales was US$6.40 per pound, and the total operating cost (C1) was US$2.72 per pound of copper produced. Molybdenum production at Gibraltar was 380 thousand pounds, with an average price of US$32.98 per pound, providing a by-product credit of US$0.35 per pound of copper produced. Florence Copper produced 7.0 million pounds of copper cathode in the third quarter, a 35% increase over the previous period, and brought 32 new operating wells online. Florence's average flow rate was 4,454 gpm and average PLS grade was 1.5 g/L. Florence Copper's total production for 2026 is expected to be 25 to 28 million pounds of copper, with production targeted to reach capacity run rates in early 2027. At September 30, 2026, Trekor had a cash balance of $214 million. The Yellowhead project advanced through the environmental assessment process, with a Detailed Project Description submitted to the BC Environmental Assessment Office in July 2026 and a Notice of Decision issued on July 30, 2026, allowing the project to proceed to assessment. The company has offtake agreements covering Gibraltar’s copper concentrate production for the remainder of 2026, with low or negative treatment and refining charges, and has tendered most of its 2027 tonnage to obtain favorable terms. Trekor has copper put options with a strike price of US$4.75 per pound for 27 million pounds covering Q4 2026, and US$5.00 per pound for 45 million pounds covering the first half of 2027. Gibraltar's site operating cost per ton milled in Q3 2026 was $17.79. Florence Copper's site operating cost per pound produced was $2.89, with total operating cost (C1) of $3.54 per pound. The company continues to focus on wellfield expansion at Florence and expects to complete 100 wells in 2026. Stuart McDonald is President & CEO of Trekor Metals Limited.

Trekor Announces 41 Million Pounds of Copper Production from Gibraltar and Florence Copper in the Third Quarter

(TSX:TKO, LSE:TKO) Trekor Metals Limited announced third quarter total production of 41 million pounds of copper from its 100%-owned Gibraltar mine and Florence Copper production facility. Gibraltar produced 34 million pounds of copper and 380 thousand pounds of molybdenum in the quarter. The Connector Pit at Gibraltar delivered strong grades, and increased mill throughput and improved SX/EW plant performance led to a 12% increase in quarterly copper production. Copper sales from Gibraltar totaled 31 million pounds during the period. Florence Copper achieved total copper cathode production of seven million pounds in the third quarter, representing a 36% increase over the prior period, with sales for the quarter also at seven million pounds. Stuart McDonald, President & CEO of Trekor, stated that the Florence Copper ramp-up continued with no significant wellfield performance issues, initial flow rates exceeding expectations, and the SX/EW plant operating at design capacity for several days. However, wellfield expansion at Florence Copper is about three months behind the original plan, with 2026 copper production now expected to be 25 to 28 million pounds. Wells recently brought online and those expected to come online soon are anticipated to support a significant increase in cathode production, with full production capacity ramp-up targeted for early 2027. At Gibraltar, higher grade ore was mined from the bottom of the Connector Pit, but the transition back into more complex ore began later in the third quarter, impacting recoveries as expected. In the fourth quarter, lower grades and recoveries are expected as mining transitions back to the upper benches of the Connector Pit. Based on production through three quarters, Gibraltar is now expected to produce 115 to 120 million pounds of copper in 2026, an increase over the original guidance of 110 to 115 million pounds. On October 6, Florence Copper hosted an event in Arizona to mark the onset of commercial production at the world’s first greenfield commercial-scale in-situ copper operation, attended by U.S. EPA Administrator Lee Zeldin and other representatives. Administrator Zeldin highlighted the significance of the Florence Copper Mine opening, noting it will produce tens of millions of pounds of copper per year and create hundreds of jobs. Trekor is hosting an analyst and investor site tour at Florence Copper on October 8, with a presentation available on the company’s website.

(TSX:TKO, LSE:TKO) Trekor Metals Limited reported third quarter total production of 41 million pounds of copper from its 100%-owned Gibraltar mine and Florence Copper production facility. Gibraltar produced 34 million pounds of copper and 380 thousand pounds of molybdenum in the quarter. The Connector Pit at Gibraltar delivered strong grades, and increased mill throughput and improved SX/EW plant performance led to a 12% increase in quarterly production. Copper sales from Gibraltar totaled 31 million pounds during the period. Florence Copper ramp-up continued with steady monthly production growth, producing seven million pounds of copper cathode in the quarter, a 36% increase over the prior period, with sales also totaling seven million pounds. Stuart McDonald, President & CEO, stated that Florence Copper's ramp-up continued with no significant wellfield performance issues, initial flow rates exceeding expectations, and the SX/EW plant operating at design capacity for several days. However, wellfield expansion is about three months behind the original plan, and 2026 copper production at Florence is now expected to be 25 to 28 million pounds. Wells recently brought online and those expected to come online shortly are anticipated to support a significant increase in cathode production, completing the ramp-up to full production capacity in early 2027. At Gibraltar, higher grade ore was mined from the bottom of the Connector Pit, but the transition back into more complex ore began later in the third quarter, impacting recoveries as expected. In the fourth quarter, lower grades and recoveries are expected as mining transitions back to the upper benches of the Connector Pit. Based on production through three quarters, Gibraltar is now expected to produce 115 to 120 million pounds of copper in 2026, an increase over the original guidance of 110 to 115 million pounds. On October 6, Florence Copper hosted an event in Arizona to mark the onset of commercial production at the world’s first greenfield commercial-scale in-situ copper operation, attended by U.S. EPA Administrator Lee Zeldin and other representatives. Administrator Zeldin highlighted the significance of the Florence Copper Mine opening, noting it will produce tens of millions of pounds of copper per year and create hundreds of jobs. Trekor is hosting an analyst and investor site tour at Florence Copper on October 8, with a presentation available on the company’s website.

Trekor Announces $125 Million of Adjusted EBITDA in Second Quarter

(TSX: TKO, LSE: TKO) Trekor Metals Limited reported second quarter 2026 Adjusted EBITDA of $125 million and earnings from mining operations before depletion, amortization and non-recurring items of $154 million. Revenues in the second quarter were $331 million from consolidated sales of 37.5 million pounds of copper and 575 thousand pounds of molybdenum. Net income for the quarter was $22 million ($0.06 per share) and Adjusted net income was $40 million ($0.11 per share). Operating cash flow was $183 million, and the company had a cash balance of $186 million and total available liquidity of $342 million at June 30, 2026. Gibraltar produced 30.3 million pounds of copper at a total operating cost (C1) of US$2.41 per pound, while Florence Copper produced 5.2 million pounds of copper cathode with a site operating cost of $4.02 per pound. The company submitted a Detailed Project Description for the Yellowhead project to the BC Environmental Assessment Office, and on July 30, 2026, the BC EAO issued a Notice of Decision for Yellowhead to proceed to an environmental assessment. The company projects annual Gibraltar copper production guidance for 2026 remains unchanged at 110 to 115 million pounds and Florence Copper at 30 to 35 million pounds.

Trekor Announces 36 Million Pounds of Copper Production from Gibraltar and Florence Copper in the Second Quarter

(TSX: TKO, LSE: TKO) Trekor Metals Limited announced second quarter production results for its 100%-owned Gibraltar mine and Florence Copper production facility. Gibraltar produced 30.3 million pounds of copper and 559 thousand pounds of molybdenum in the second quarter, with copper sales totaling 32.2 million pounds. Florence Copper produced 5.2 million pounds of copper cathode in the second quarter, and sales for the quarter were 5.3 million pounds of copper. At the end of the quarter, there were 110 production wells operating at Florence Copper, feeding the SX/EW plant with flow rates of approximately 3,400 gallons per minute and PLS grades of 1.8 grams per liter. Annual copper production guidance for 2026 remains unchanged for Gibraltar at 110 to 115 million pounds and for Florence Copper at 30 to 35 million pounds. The company projects bringing an additional 26 wells online in August with regular monthly additions of new wells for the remainder of the year. Operating costs at Gibraltar continue to be impacted by higher diesel and explosive costs.

Taseko Announces Continued Strong Operational and Financial Results in the First Quarter 2026

Taseko Mines Limited (TSX: TKO; LSE: TKO) reported strong first quarter 2026 results, with Adjusted EBITDA of $93 million and earnings from mining operations before depletion and amortization of $115 million, representing 172% and 195% increases over Q1 2025, respectively. Revenues were $237 million from the sale of 27 million pounds of copper and 708 thousand pounds of molybdenum. Net income for the quarter was $17 million ($0.05 per share), and Adjusted net income was $28 million ($0.08 per share). Gibraltar produced 30 million pounds of copper and 717 thousand pounds of molybdenum at a total operating cost (C1) of US$2.63 per pound. Florence Copper commenced SX/EW plant operations in February, producing 1.5 million pounds of copper cathode in Q1, with expected 2026 copper cathode production in the range of 30 to 35 million pounds.

Update regarding Company Shareholdings

Somero Enterprises, Inc. announced an update regarding the shareholdings of its significant shareholders as of 31 March 2026, in accordance with AIM Rule 17. The company is incorporated in the USA and may not be notified by shareholders of relevant changes to their shareholdings. The shareholdings are based on share register analysis, except for Mr Brian Kelly's and VN Capital's, which were previously notified and announced. Notable shareholdings include Regent Gas Holdings Limited at 12.31%, VN Capital Management at 11.25%, and Unicorn Asset Management at 5.72%. Changes in holdings are also reported for several shareholders compared to 31 December 2025.

Celsius Resources Limited