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Perpetua Resources Corp. PPTA Exploration Expense

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Other financials

Income statement

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Operating income-$56.6M-278%
Net income-$48.6M-493%
EPS (diluted)-$0.39-225%

Balance sheet

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Cash & equivalents$669.5M+3,398%
Total debt$3.6M+31,004%
Total equity$816.2M+696%
Total assets$854.7M+667%

Cash flow

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Operating cash flow-$27.0M-5.4%
CapEx$19.4M
Free cash flow-$46.4M

Valuation

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Market cap$3.11B+66.8%
Enterprise value$2.45B+69.9%

Returns & leverage

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Return on equity-30.7%+16.0pp
Debt / equity0.0×
Current ratio20.4×+14.5×

Where this comes from

Reported directly by Perpetua Resources Corp. in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The source filing: Perpetua Resources Corp.’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058253
Line itemFor the three months ended March 31, 2026For the three months ended March 31, 2025
EXPENSES
Exploration and pre-development$53,098$13,094
General and administration3,3511,835
Depreciation11531
OPERATING LOSS56,56414,960
OTHER EXPENSES (INCOME)
Grant income (Note 8)(997)(6,383)
Interest income(6,919)(378)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Perpetua Resources Corp.'s exploration expense?
Perpetua Resources Corp. (PPTA) reported exploration expense of $53.1M in Q1 2026.
How has Perpetua Resources Corp.'s exploration expense changed year-over-year?
Perpetua Resources Corp.'s exploration expense increased by 305.5% year-over-year, from $13.09M to $53.1M.
What is the long-term trend for Perpetua Resources Corp.'s exploration expense?
Over 4 years (2021 to 2025), Perpetua Resources Corp.'s exploration expense has grown at a 52.0% compound annual growth rate (CAGR), from $22.72M to $121.29M.
What does exploration expense mean?
This metric represents the total costs incurred by a company to identify, evaluate, and delineate mineral resources. It encompasses geological surveys, drilling, and feasibility studies necessary to determine the economic viability of a mining project. For investors, this reflects the company's commitment to expanding its asset base and future production potential.

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