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Ivanhoe Electric IE Santa Cruz Copper Project — Exploration expenses

Other segment segments

Critical Metals
$10.87M+25.6%
Data Processing
$0
Energy Storage
$0

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Other financials

Income statement

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Revenue$724.0K-32.2%
Gross profit$368.0K-52.5%
Operating income-$21.5M+16.2%
Net income-$24.7M-3.4%
EPS (diluted)$0.16-11.1%

Balance sheet

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Cash & equivalents$258.4M+189%
Total debt$36.6M+38.9%
Total equity$525.8M+79.3%
Total assets$584.8M+46.0%

Cash flow

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Operating cash flow-$20.0M+0.2%
CapEx$227.0K-81.9%
Free cash flow-$20.2M+5.0%

Valuation

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Market cap$1.69B+32.5%
Enterprise value$1.46B+21.0%
P/S557.7×+223×

Profitability

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Gross margin58.7%-6.8pp
Operating margin474.5%+253pp
Net margin-1,138.7%
FCF margin-3,532.1%+663pp

Returns & leverage

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Return on equity-8.4%
Debt / equity0.1×0.0×
Current ratio+1.2×

Where this comes from

Reported directly by Ivanhoe Electric in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The source filing: Ivanhoe Electric’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 8:38 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001879016-26-000017
Line itemSanta Cruz Copper ProjectCritical MetalsData ProcessingEnergy StorageTotal
Revenue$724$724
Exploration Expenses10,53710,87121,408
General and administrative expenses7,5781545348,266
Other segment items1(8,003)415118(7,470)
Total segment operating expenses10,53710,44656965222,204
Loss (income) from operations10,53710,446(155)65221,480
Depreciation and amortization4444712459
Segment assets208,981319,6462,65653,537584,820

Item 1. Condensed Interim Consolidated Financial Statements

FAQ

What is Ivanhoe Electric's santa cruz copper project — exploration expenses?
Ivanhoe Electric (IE) reported santa cruz copper project — exploration expenses of $10.54M in Q2 2026.
What does santa cruz copper project — exploration expenses mean?
Captures the costs incurred for geological surveying, drilling, and feasibility studies at the Santa Cruz copper project site. These expenditures are essential for advancing the project from exploration to development and eventual production. Monitoring these costs helps investors assess the pace and efficiency of the company's resource discovery efforts.

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