Almonty Industries Reports Second Quarter 2026 Financial Results
Almonty reported Q2 2026 revenue of $43.0 million, up 498% year-over-year, driven by record tungsten pricing and the ramp-up of the Sangdong Mine. The company closed an oversubscribed US$800 million convertible senior notes offering, boosting its cash position to C$1.2 billion to fund parallel expansion projects including Phase II at Sangdong.
Key figures
- Eps
- 0.62
- Revenue
- 42989000
- Revenue Yoy
- 498%
- Deal Value Usd
- 800000000
- Net income
- 181797000
- Gross margin
- 60.7%
- Cash position
- 1200000000
- Adjusted ebitda
- 17564000
- Income from mining operations
- 26103000
AI analysis
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