NGEx Minerals (TSX:NGEX) just released its second quarter and half-year results, and the numbers caught investors’ eyes. The company reported a jump in net loss to CA$21.39 million for Q2, almost three times last year’s figure. With losses deepening faster than many anticipated, those watching NGEx are left sifting through the new data to judge what has really changed about its future.
The market’s reaction has been anything but dull. Even with expanding losses, NGEx Minerals’ share price has climbed nearly 9% over the past month and has risen more than 40% in the past three months. The one-year total return now approaches 99%, and anyone holding since 2020 has seen the kind of long-term momentum that few mining companies can match. While the past week brought only a slight uptick, the longer-term rally appears to have survived this latest earnings headline, at least for now.
After the big run this year despite deeper…
