Trekor Metals
Produces copper through Gibraltar's open-pit mine and Florence's in-situ recovery system.
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Profile
Produces copper concentrate, molybdenum and copper cathode from Gibraltar in British Columbia and Florence Copper in Arizona, while advancing Yellowhead. Gibraltar was the sole revenue source before Florence began contributing sales; the newer in-situ recovery operation remains subject to permits, offtake, stream and royalty agreements.
Operates Gibraltar, a wholly owned open-pit copper-molybdenum mine in British Columbia, alongside Florence Copper, an in-situ recovery operation in Arizona. Gibraltar mills sulphide ore into copper concentrate and by-products, while its solvent-extraction/electrowinning plant also turns oxide stockpiles into copper cathode. Florence uses wells, solution extraction and electrowinning to make Grade A cathode without a conventional open pit.
Develops Yellowhead, a British Columbia copper-gold-silver project that remains in environmental assessment. Gibraltar concentrate is sold through offtake agreements and relies on CN rail and Port of Vancouver terminals; Florence sells cathode and has offtake, stream and royalty arrangements tied to its output. Copper-price exposure, wellfield ramp-up, permits, water, power, consumables and skilled labour shape operating results.
Company facts
Key statistics
Year to date +64.1% · Average volume (30d) 5.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Aug 20, 2026 | Jefferies | Initiate | Buy | |
| May 7, 2026 | Cantor Fitzgerald | Target | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.08 | $0.06 | −30.7% | $200.1M | $166.5M | −16.8% | +0.73% |
| May 6, 2026Q1 FY26 | $0.04 | $0.06 | +50.0% | $174.3M | $124.6M | −28.5% | −3.59% |
| Feb 18, 2026Q4 FY25 | $0.08 | $0.08 | 0.0% | $134.8M | $129.9M | −3.6% | −4.36% |
| Nov 12, 2025Q3 FY25 | $0.03 | $0.01 | −66.7% | $174.7M | $124.7M | −28.6% | −11.90% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $139.1M | $116.1M | $173.9M | $243.8M | $234.6M | $232.6M | |
| Gross profit | $16.4M | −$4.5M | $39.2M | $124.1M | $81.4M | $80.7M | |
| Operating income | $6.9M | −$9.7M | $28.9M | $111.9M | $66.8M | $73.3M | |
| Net income | −$28.6M | $21.9M | −$27.8M | $4.5M | $16.9M | $15.6M | |
| Diluted EPS | −$0.10 | $0.07 | −$0.09 | $0.01 | $0.05 | $0.04 | |
| Gross margin | 11.8% | -3.9% | 22.6% | 50.9% | 34.7% | 34.7% | |
| Operating margin | 4.9% | -8.3% | 16.6% | 45.9% | 28.5% | 31.5% |
Fiscal years (4-quarter sums)FY24 $608.1M · FY25 $672.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $131.8M · Total debt $532.6M · Total assets $1.88B · Shareholders' equity $602.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 365.63M · Float 359.02M · 98.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| L1 Capital PTY Ltd | 34.69M | 9.49% | 13F | Aug 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 17.41M | 4.76% | 13F | Aug 14, 2026 |
| Connor, Clark & Lunn Investment Management Ltd. | 13.10M | 3.58% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 11.24M | 3.08% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 10.42M | 2.85% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Teck
British Columbia copper and molybdenum concentrate rival.
- Freeport-McMoRan
Arizona cathode and copper-molybdenum supply at much larger scale.
- Hudbay Minerals
British Columbia open-pit copper supply and mine-input rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trekor Metals | $9.08 | −1.18% | $3.36B | 850.0 | 10.9 | 5.3 | +95.4% |
| Teck | $69.57 | +0.33% | $33.49B | 19.0 | 21.0 | 3.3 | +70.8% |
| Freeport-McMoRan | $76.29 | −0.20% | $109.92B | 37.5 | 21.6 | 4.2 | −7.3% |
| Hudbay Minerals | $29.00 | −1.01% | $13.01B | 17.3 | 16.2 | 5.2 | +17.7% |
| Median | 19.0 | 21.0 | 4.2 | +17.7% |






