Chilean iron ore producer Grupo CAP reported a net loss of $17.207 million for the first quarter of 2026, compared to a net loss of $15.055 million in the same period a year earlier.
Administrative expenses of $30.454 million and financial expenses of $35.882 million were the main factors in the negative result.
On the same comparative basis, net volume sales increased 14.2 percent to $493.458 million, production costs increased 14.2 percent to $442.918 million, gross profit rose 14 percent to $50.544 million, and operating profit decreased 6.5 percent to $9.498 million.
By volume, iron ore production by subsidiary Compañia Minera del Pacífico (CMP) increased 15 percent to 3.734 million tons, while product sales decreased 8 percent to 3.689 million tons
In the first quarter of 2026, the unit sales price achieved by CMP was $86 per green metric ton (wt), down 11 percent from the first quarter of 2025, and the unit cost of production down 13 percent to $49.1 per tonne.
Grupo CAP is committed to its Vision 2030 initiative to strengthen the company's leadership in providing materials to help decarbonize the steel industry, offering a portfolio of sustainable solutions for the mining, infrastructure and industrial sectors.
