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NGEx Minerals (NGEX) investor relations material
NGEx Minerals Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed Phase 4 drill program at Lunahuasi, drilling 27,318 metres in 32 holes, achieving campaign objectives and expanding high-grade zones, notably in Mars and Saturn.
Environmental approval received for an exploration adit at Lunahuasi, enabling future underground development and year-round operations.
Board and management changes include the appointment of Peter J. O'Callaghan to the Board and Alex Tong as incoming CFO, succeeding Jeff Yip.
Financial highlights
Net loss of $44.1 million for Q1 2026, compared to $35.1 million in Q1 2025, driven by $42.1 million in exploration and $5.7 million in G&A expenses.
Cash and cash equivalents at $106.3 million, with total working capital of $632.2 million as of March 31, 2026.
Investment in LunR Royalties Corp. increased to $406.6 million due to share price appreciation.
Outlook and guidance
Final Phase 4 assay results expected through Q3 2026; planning underway for Phase 5 drilling to start in Q4 2026.
Preparatory work for the exploration adit is ongoing, with underground development targeted for Q4 2026, pending permits.
- Phase 3 drilling at Lunahuasi advances with robust funding after a major private placement.NGEX
Q3 202421 Apr 2026 - Lunahuasi Phase 3 drilling expanded high-grade mineralization and increased exploration spending.NGEX
Q1 202521 Apr 2026 - Lunahuasi hosts high-grade Cu-Au-Ag veins and porphyry, with major resource growth potential.NGEX
Corporate presentation24 Mar 2026 - Lunahuasi is a major high-grade copper-gold-silver discovery with exceptional growth potential.NGEX
Corporate presentation24 Mar 2026 - Aggressive exploration and strategic asset management drive value in a premier copper-gold district.NGEX
Corporate presentation24 Mar 2026 - Lunahuasi drilling advances, treasury strengthened by $175M placement and LunR spin-out.NGEX
Q4 202519 Mar 2026 - Lunahuasi Phase 4 drilling advances after major financing and LunR Royalties spin-out.NGEX
Q3 202517 Nov 2025 - High-grade discovery, major drill expansion, and royalty spin-out drive long-term growth.NGEX
Investor Day 202516 Oct 2025 - Lunahuasi drilling delivers world-class copper-gold-silver grades with major expansion potential.NGEX
Lunahuasi Geology Presentation14 Sep 2025
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