Bougainville Copper Limited
BOC.ASXMaterials
Mining and production of concentrates containing copper, gold and silver.
Market Data
$0.635
-0.1%$268.7M
-100000.0x
$-0.012
0.00%
-0.6%
Latest Earnings
Preliminary Final Report
3 March 2026
Bougainville Copper Limited reported a net loss of K16.0 million for FY2025, compared to K13.4 million in FY2024, as the exploration-stage company continues to incur administrative costs while advancing Panguna mine redevelopment. The company secured landowner agreements and completed identification studies in 2025, progressing toward pre-feasibility work; however, a significant governance issue emerged when the ABG (now controlling 72.9% of shares) rejected the Board's recommended partner (CMOC) in favour of Lloyds Metals and Energy Limited, creating strategic uncertainty. No dividend was declared, and the company remains debt-free with K1.7 million in cash and K77.4 million in total investments, though accumulated losses now stand at K370.1 million. Key points: Secured five-year exploration licence extension (EL01) granted January 2024, providing tenure certainty for Panguna mine redevelopment; Completed critical Land Access and Compensation Agreement (LACA) with customary landowners in November 2024 and finalised Landowner Identification Study (LIS); Strong investment portfolio with K77.4 million in total investments (fair value increase of K0.7 million in 2025) and no debt, providing financial flexibility
Recent Announcements
Preliminary Final Report
Bougainville Copper Limited reported a net loss of K16.0 million for FY2025, compared to K13.4 million in FY2024, as the exploration-stage company continues to incur administrative costs while advancing Panguna mine redevelopment. The company secured landowner agreements and completed identification studies in 2025, progressing toward pre-feasibility work; however, a significant governance issue emerged when the ABG (now controlling 72.9% of shares) rejected the Board's recommended partner (CMOC) in favour of Lloyds Metals and Energy Limited, creating strategic uncertainty. No dividend was declared, and the company remains debt-free with K1.7 million in cash and K77.4 million in total investments, though accumulated losses now stand at K370.1 million. Key points: Secured five-year exploration licence extension (EL01) granted January 2024, providing tenure certainty for Panguna mine redevelopment; Completed critical Land Access and Compensation Agreement (LACA) with customary landowners in November 2024 and finalised Landowner Identification Study (LIS); Strong investment portfolio with K77.4 million in total investments (fair value increase of K0.7 million in 2025) and no debt, providing financial flexibility
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