Grupo CAP of Chile reports a larger consolidated net loss in Q1 2026

Wednesday, 13 May 2026 23:45:10 (GMT+3)   |   Sao Paulo

The Chilean iron ore producer Grupo CAP has posted a net loss of $17.207 million for Q1 2026, against a net loss of $15.055 million for the comparable period one year earlier.

Administration expenses of $30.454 million, and financial expenses of $35.882 million were the main factors behind the negative result.

On the same comparative basis, net sales increased by 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, while operational profit slipped 6.5 percent to $9.498 million.

By volume, iron ore production by subsidiary Compañia Minera del Pacífico (CMP) increased by 15 percent to 3.734 million mt, while sales of the product declined 8 percent to 3.689 million mt.

During Q1 2026 the unit sale price achieved by CMP was $86/wet metric ton (wmt), 11 percent less than in Q1 2025, while unit cash cost declined by 13 percent to $49.1/wmt.

Grupo CAP maintains its Strategy 2030 initiative to solidify the company's leadership in providing materials that support the decarbonization of the steel industry, offering a portfolio of sustainable solutions across mining, infrastructure, and industrial sectors.

LuizCompagnoni
Luiz Compagnoni
Editor
All Articles by the Author

I am a retired mechanical engineer, covering the steel industry in Latin America, from iron ore to finished products, over the last 20 years.

Marketplace Offers

DRI

Dimensions 9 - 16 mm
 
Tedarikçi SUEZ STEEL CO.
View Offer

Lumps

Dimensions 0 mm
 
Tedarikçi ATAY COMPANY
View Offer

Lumps

Dimensions 0 mm
 
Tedarikçi Wuchan zhongda international group
View Offer

Similar articles

Chile's Grupo CAP posts slightly wider consolidated net loss in Q2 2026

Profit’s sink 61 percent for CAP SA in Q2

Fourth Brazilian iron ore miner hit by Brazil-China freight rates and low ore prices

India's NMDC sees iron ore output rise 8% in Sept 2026, sales down 10%

Iron ore miner Cedro Mineração to grow pellet feed production in Brazil

Iron ore prices lowest since early August ahead of October holiday in China

Major steel and raw material futures prices in China - September 30, 2026

Third iron ore miner in Brazil reduces production amid higher Brazil-China freight rates

Brazilian high-grade iron ore prices decline week on week amid lower Chinese demand

Daily iron ore prices CFR China - September 29, 2026