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Trigon Metals Inc (TSE:TM)
:TM
Holding TSE:TM?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2020
|% Change Since: -51.19%
|Next Earnings Date:Aug 22, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted significant operational achievements and strategic shifts with the potential sale of the Kombat Mine to focus on other projects. However, financial challenges and market misunderstandings about the asset sale terms tempered these positives.Company Guidance
In the Q2 2025 earnings call for Trigon Metals (TM.V), the company provided guidance on several key metrics. They reported processing 77,300 tonnes with a copper recovery rate of 92.1%, achieving an average of 980 tonnes per day from their underground operation, a milestone achieved 13 months ahead of schedule. Despite this progress, they faced challenges including lower grades and pump failures, resulting in a production of 2.14 million pounds of copper at a C1 cash cost of $3.46 per pound. The financial results reflected a negative adjusted EBITDA of $1.4 million and a net loss of $6.2 million, or $0.16 per share. Moving forward, Trigon plans to expand mill capacity to 60,000 tonnes per month to double throughput and reduce costs, with the aim to enhance profitability. Additionally, they announced a strategic decision to sell the Kombat Mine, which is expected to bring in USD 30 million to USD 50 million, with proceeds potentially used for development projects in Morocco and the Kalahari.Milestone Achievement in Underground Operations
Trigon Metals achieved an average of 980 tonnes per day from underground operation over 30 consecutive days, 13 months ahead of schedule, fulfilling a key agreement with Sprott and significantly derisking operations.
High Copper Recovery Rate
Processed 77,300 tonnes with a copper recovery of 92.1% during the quarter, indicating efficient extraction processes.
Strategic Focus on High-Grade Underground Ore
Shift from open pit mining to high-grade underground ore is yielding positive results by improving overall copper grade and enhancing profitability.
Potential Capital Injection from Asset Sale
Trigon Metals is planning to sell the Kombat Mine, which could raise between USD 30 million to USD 50 million, allowing the company to focus on opportunities in Morocco and the Kalahari project.
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TSE:TM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 02, 2024 | C$0.84 | C$0.76 | -9.52% |
| Aug 21, 2024 | C$0.84 | C$0.75 | -10.71% |
| Jul 30, 2024 | C$0.96 | C$0.98 | +2.08% |
| Feb 28, 2024 | C$0.92 | C$0.90 | -2.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trigon Metals Inc (TSE:TM) report earnings?
Trigon Metals Inc (TSE:TM) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Trigon Metals Inc (TSE:TM) earnings time?
Trigon Metals Inc (TSE:TM) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TM EPS forecast?
Currently, no data Available
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