Trekor Metals Sees Strong Copper Market, Ramps Up Operations
Trekor Metals is benefiting from a strong copper market and the company's operations are ramping up, with Florence Copper expected to become a lower-cost, high-margin asset as production rises in 2027. The company reported one of its strongest periods on record in Q2 2026, with CAD 330 million in revenue and CAD 125 million in adjusted EBITDA.
Gibraltar mine is the company's larger operation, with 19 years of mine life left and production guidance of 110 million to 115 million pounds for 2026. Florence Copper uses in-situ recovery, a method that avoids conventional mining and earthmoving, and is expected to produce 80 million to 85 million pounds of copper a year at cash costs of about CAD 1.10 a pound.
Trekor sees a long-term copper shortage driven by electrification, urban growth, data centers, and AI infrastructure. The company has several longer-term projects in the pipeline, including Yellowhead, New Prosperity, and Aley, which could add production or optionality over time.