Chilean iron ore producer Grupo CAP reported a net loss of $43.4 million in the second quarter of 2026, compared with a loss of $42.7 million in the second quarter of 2025.
In comparison, net sales increased by 1.6% to $394.3 million, gross profit increased by 21% to $38.6 million, while EBITDA decreased by 13.2% to $53.3 million.
In physical terms, iron ore production at the Compañia Minera del Pacífico (CMP) subsidiary increased by 5.4% to 3.555 million tons, while iron ore sales decreased by 0.3% to 3.155 million tons.
In the second quarter of 2026, the average selling price of iron ore at CMP reached $93.1 per metric ton of crude ore, which is 8.3 percent more than in the second quarter of 2025, while unit cash costs decreased by 3.4 to $55.4 per ton.
Grupo CAP and Aceros Aza signed a memorandum of understanding to combine several assets for the production of environmentally friendly steel at the Ouachipato steel mill, which was shut down for commercial use reasons in 2024.
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