Ivanhoe Electric Q2 FY26 net loss widens to $24.7 million; revenue falls to $0.7 million
IE•Q2 loss widens as revenue declines
Ivanhoe Electric posted a Q2 net loss attributable to common stockholders of USD 24.7 million, or USD 0.16 per share, versus USD 23.9 million, or USD 0.18 per share, a year earlier.
Revenue fell 36.36% to USD 0.7 million, with all revenue generated by CGI’s software licensing and data processing services.
Santa Cruz TBM purchase agreement signed
During the quarter, the group signed a TBM purchase agreement for the Santa Cruz Copper Project totaling USD 64.7 million, targeting commissioning by July 30, 2027.
Exploration spending rises at Santa Cruz and Gleeson
Exploration expenses climbed 51.99% to USD 21.41 million, driven by higher spending at Santa Cruz and Gleeson.
Share of loss of equity method investees widened to from , including from the joint venture.
