Q2 2024 Trigon Metals Inc Earnings Call Transcript

Dec 3, 2024 / 04:00 PM GMT

Release Date Price: €0.412 (-21.52%)

Transcript

Key Points

Positve

Trigon Metals Inc (PNTZF) achieved an average of 980 tons per day from underground operations, 13 months ahead of schedule.
The company processed 77,300 tons with a copper recovery rate of 92.1%, indicating efficient operations.
Plans to expand mill capacity to 60,000 tons per month, aiming to double throughput and reduce costs.
Strategic focus on high-grade underground ore is improving overall copper grade and profitability.
The decision to sell the Combat mine includes the stream and existing liabilities, potentially bringing in $30 to $50 million.

Negative

Trigon Metals Inc (PNTZF) faced challenges with lower grades, higher lead content, and pump failures impacting performance.
The company reported a negative adjusted EBITDA of $1.4 million and a net loss of $6.2 million for the quarter.
Cash cost of copper production was $3.46 per pound, which is relatively high.
The share price is trading significantly below the estimated value per share from the asset sale.
There is uncertainty and a wide range in the expected capital raise from the asset sale, between $30 to $50 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TM.V - Trigon Metals Inc
Q2 2024 Trigon Metals Inc Earnings Call
Dec 03, 2024 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, Trigon shareholders and welcome to the Trigon Metals conference call Trigon reports. Second quarter operating and financial results. This call is being recorded live on Tuesday, December 3rd, 2024. All lines are currently set to listen-only mode following the conference call. We will conduct a brief question and answer session. If you require immediate assistance at any time during this call, please press star zero for the operator.

I will now turn the conference over to President and COO Rdy Merkel. Please go ahead.

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Unidentified_2 [2]
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