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.