Canada's Rupert Resources posts flat Q1 loss per share;  to be acquired by Agnico Eagle

Rupert Resources

13/05/2026 22:51

Overview

Canada gold explorer reported Q1 net loss per share unchanged from prior year

Company ended Q1 with C$89 mln in cash and cash equivalents

Agnico Eagle announced in current quarter, it will acquire Rupert in deal with share and contingent value right consideration

Outlook

Rupert targets EIA for Ikkari Project in Q4 2026, with FS completion expected in H1 2027

Company says timing of project milestones may change due to pending Agnico Eagle acquisition

Transaction with Agnico Eagle expected to close in June 2026, subject to approvals

Result Drivers

PROJECT ADVANCEMENT - Appointment of Ausenco to lead Ikkari Project Feasibility Study marked a key milestone, per CEO Graham Crew

INCREASED EXPLORATION SPENDING - Q1 exploration and equipment spending rose to C$7.6 mln from C$6.9 mln a year earlier

Company press release: ID:nBw30CyCTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-C$0.01


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Rupert Resources Ltd is C$13.50, about 21.1% above its May 13 closing price of C$11.15

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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.)