Mining Americas Q2 2026 net loss widens as gold loan repayment and hedge settlement costs offset Pan mine earnings
Reuters2026/08/17 10:31- For Q2 2026, revenue rose to USD 32.65 million on 8,329 ounces sold, reflecting Pan mine output versus limited Santana sales.
- Earnings from mine operations were USD 13.19 million, supported by a USD 3,920/oz realized price and Pan cash costs of USD 1,831/oz.
- Net loss widened to USD 15.72 million, driven by USD 17.69 million finance expense tied to gold loan repayment and call option settlement.
- Adjusted net income was USD 6.45 million, excluding non-recurring items including a USD 4.5 million Cerro de Oro royalty repurchase.
- Liquidity held roughly flat at USD 43.45 million cash; a USD 45 million RCF draw funded debt repayment and reduced current liabilities.
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