Perpetua Resources Q2 net loss widens on higher pre-development spending

Perpetua Resources

17/08/2026 11:43

Overview
U.S. mining company's Q2 net loss widened on higher pre-development spending
Company ended Q2 with $574.2 mln in unrestricted cash and $60.9 mln in restricted cash
U.S. EXIM Bank approved $2.9 bln loan to support Stibnite Gold Project construction

Outlook
Company anticipates a final investment and construction decision in H2 2026
Perpetua expects to close the $2.9 bln EXIM loan facility later in 2026
Company is advancing project financing, engineering, procurement, and early works activities

Result Drivers
HIGHER PRE-DEVELOPMENT SPENDING - Net loss widened due to increased exploration and pre-development costs ahead of investment decision
PROJECT ADVANCEMENT - Co cited progress on critical path construction, infrastructure upgrades, and worker housing facilities
EXPLORATION RESULTS - Ongoing exploration delivered new high-grade gold and antimony discoveries and identification of a new gold-tungsten zone

Company press release: ID:nPn3Cfv6Ca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$97.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Perpetua Resources Corp. is $37.00, about 46.6% above its August 14 closing price of $25.24

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)