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BOISE, Idaho - On Monday, Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA) reported third quarter 2025 earnings that fell short of analyst expectations, with the company posting an adjusted EPS loss of -$0.24, missing the analyst estimate of -$0.04 by $0.20.
The stock was nearly unchanged following the announcement, dipping just 0.05% in pre-market trading after the results.
The company, which is developing the Stibnite Gold Project in Idaho, broke ground on the project on October 21, 2025, following receipt of a Conditional Notice to Proceed from the U.S. Forest Service in September. The project aims to provide the U.S. with a domestic source of antimony while developing one of the largest open pit gold mines in the Americas.
"Perpetua Resources broke ground on the Stibnite Gold Project on October 21, 2025, marking a historical milestone for our stakeholders, the state of Idaho and our nation," said Jon Cherry, President and CEO of Perpetua Resources. "We are proud to develop one of the most significant gold projects in the United States, which is expected to produce gold along with antimony for our military and industrial base."
The company has made significant progress on its financing plans, receiving a Preliminary Project Letter and Indicative Term Sheet from U.S. EXIM in September regarding a potential $2.0 billion debt financing application. Perpetua also completed several equity offerings, including a $49 million offering in July and a $255 million strategic investment from Agnico Eagle and JPMorgan in late October.
Perpetua Resources maintained a strong safety record with zero lost time incidents or reportable environmental spills during the quarter. The company anticipates a full sanction construction decision for the Stibnite Gold Project in Spring 2026.
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