Trekor Metals Ltd
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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Sep 30, 2026 · Filed Nov 5, 2026
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Contents
EX-99.2 · Technical Information
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| (Cdn$ in thousands) | 2026 | 2025 | 2026 | 2025 |
| Earnings from mining operations | 125,759 | 39,242 | 324,934 | 55,106 |
| Add: | ||||
| Depletion and amortization | 44,877 | 27,876 | 113,288 | 75,511 |
| Other operating costs (income) | - | - | 952 | (4,008) |
| Earnings from mining operations before depletion, amortization and non-recurring items | 170,636 | 67,118 | 439,174 | 126,609 |
Gibraltar site operating costs per ton milled
The Company discloses this measure, which has been derived from the Company's financial statements and applied on a consistent basis, to assist in understanding the Company's Gibraltar site operations on a tons milled basis.
| Gibraltar(Cdn$ in thousands) | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| Gibraltar site operating costs (included in cost of sales) | 134,238 | 117,924 | 127,021 | 119,585 | 117,651 |
| Gibraltar tons milled (thousand tons) | 7,545 | 7,159 | 7,000 | 7,200 | 7,852 |
| Site operating costs per ton milled | $17.79 | $16.47 | $18.15 | $16.61 | $14.98 |
Technical Information
The technical information contained in this MD&A related to Florence Copper is based on the report titled "NI 43-101 Technical Report - Florence Copper Project, Pinal County, Arizona" issued on March 30, 2023 with an effective date of March 15, 2023 (the "Florence 2023 Technical Report"), which is available on SEDAR+. The Florence 2023 Technical Report was prepared under the supervision of Richard Tremblay, P. Eng., MBA, Richard Weymark, P. Eng., MBA, and Robert Rotzinger, P. Eng. Mr. Tremblay is employed by the Company as Chief Operating Officer, Mr. Weymark is employed by the Company as Vice President, Engineering, and Mr. Rotzinger is employed by the Company as Vice President, Capital Projects. All three are Qualified Persons as defined by NI 43-101.
The technical information contained in this MD&A related to Yellowhead is based on the report titled "Technical Report Update on the Yellowhead Copper Project, British Columbia, Canada" issued on July 10, 2025 with an effective date of June 15, 2025 (the "Yellowhead 2025 Technical Report"), which is available on SEDAR+. The Yellowhead 2025 Technical Report was prepared under the supervision of Richard Weymark, P. Eng., MBA, Jeremy Guichon, P. Eng., and Adil Cheema, P. Eng. Mr. Weymark is employed by the Company as Vice President, Engineering, Mr. Guichon is employed by the Company as Director, Mine Engineering, and Mr. Cheema is employed by the Company as Director, Process Engineering. All three are Qualified Persons as defined by NI 43-101.
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