Almonty Industries Q3 net income jumps 51% year over year to CAD 50.2 million; Q3 revenue rises year over year to CAD 41.9 million
Bitget2026/11/12 22:01- Almonty Industries' third-quarter 2026 net income rose 51% year-over-year to CAD 50.24 million, including CAD 47.9 million in net non-cash gains.
- Revenue climbed year-over-year to CAD 41.89 million, driven by higher tungsten APT prices.
- Cash reached CAD 1.15 billion at September 30, primarily reflecting proceeds from June's convertible senior notes offering.
- Sangdong produced its first tungsten concentrate in September, with more than 90% of Phase I production contracted.
- The Sangdong Phase II expansion targets completion in 2027, subject to operating performance and market conditions.
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