Perpetua Resources Q2 loss widens to $97.5 million

• Perpetua Resources reported a Q2 2026 net loss of $97.5 million, versus $6 million a year earlier, as pre-development spending increased.
• Perpetua Resources shares were up about 2% at $25.24 in pre-market trading.
• The company is preparing for a final investment and construction decision in H2 2026, supported by a board-approved $2.9 billion EXIM loan.

Perpetua Resources (NASDAQ:PPTA) reported a Q2 2026 net loss of $97.5 million, versus $6 million a year earlier, as exploration and pre-development spending increased.

The first-half net loss reached $146.2 million, while Q2 exploration and pre-development expenses increased to $103.9 million from $11 million a year earlier.

Perpetua ended June with $574.2 million of unrestricted cash and $60.9 million of restricted cash as it prepared for a final investment and construction decision.

The U.S. Export-Import Bank board approved a $2.9 billion senior secured loan, with definitive documentation and closing targeted for the second half of 2026.

Perpetua said it continues advancing construction and financing toward full development.

Following the announcement, Perpetua Resources' share price was up 2% at $25.24 in pre-market trading.

Construction work includes the Burntlog Route and worker facilities, while Idaho regulators issued a modified Section 401 certification and a state court upheld the project's air permit.

Perpetua also advanced an antimony pilot with Idaho National Laboratory, reported new gold, antimony and tungsten discoveries, and spent $28.9 million on $3,000-per-ounce gold puts covering up to 158,016 ounces in 2031.