NGEx Minerals
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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.
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Q1 2026 earnings summary8 May, 2026

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.

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Q2 20266 Aug, 2026
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