Kantra’s shares were unchanged after the update, in line with a broadly neutral market verdict. The quarter showed higher production and cash, with 2026 production and cost guidance reaffirmed; the update also highlighted ongoing investment in growth projects rather than a change to the outlook.
- Copper production was 3,419 tonnes, the fifth consecutive quarter of production growth; copper-equivalent production was 4,154 tonnes.
- Operating mine cash flow was $32.1 million, with a 44% margin and $18.7 million of net mine cash flow after capital and rehabilitation expenditures. Group cash rose 37% to $44.1 million.
- AISC was $5.44 per pound of payable copper sold for the quarter and $5.78 year to date. Kantra said it remains on track for 2026 production guidance and expects full-year AISC at the lower end of its guidance range.
- The Board approved Emily Star as a third underground mining front, with development funded from operating cash flow and stoping planned to begin in the second half of 2027.
- Coburn’s pre-feasibility work reported copper recoveries above 90% and gold recoveries above 50%; Phase 1 is on track to finish before Christmas.
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