Ngex Minerals Ltd. ( (NGXXF) ) has released its Q2 earnings. Here is a breakdown of the information Ngex Minerals Ltd. presented to its investors.
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NGEx Minerals Ltd. is a Canadian exploration company focused on copper and gold projects, notably the Lunahuasi and Los Helados projects in the Vicuña District of South America.
In its latest earnings report for Q2 2025, NGEx Minerals announced significant progress in its exploration efforts, including two major discoveries at the Lunahuasi project and plans to spin out royalties to shareholders. These developments underscore the company’s strategic focus on enhancing shareholder value through exploration and corporate restructuring.
The company reported a successful Phase 3 drill program at Lunahuasi, resulting in the discovery of a new copper-gold porphyry system and high-grade gold quartz veins. These findings suggest substantial potential for increased value at Lunahuasi. Additionally, NGEx plans to spin out NSR royalties on its flagship projects to a new entity, RoyaltyCo, providing shareholders with additional long-term value.
Financially, NGEx reported a net loss of $21.4 million for Q2 2025, driven by increased exploration and administrative expenses. The company’s cash and working capital decreased due to operational expenditures, but it remains well-positioned with significant cash reserves.
Looking ahead, NGEx Minerals is focused on further exploration at Lunahuasi and completing the spin-out of RoyaltyCo, aiming to unlock additional value for shareholders and capitalize on its recent discoveries.