Overview

* Trilogy Metals ( TMQ ) fiscal Q3 net loss widens to $1.7 mln from $1.6 mln

* Loss driven by Ambler Metals environmental and core re-boxing activities

* Co maintains strong cash position with $23.4 mln in cash and equivalents

Outlook

* Company expects cash to meet working capital needs for next 12 months

* Trilogy Metals ( TMQ ) may need to raise additional funds beyond next year

Result Drivers

* AMBLER METALS ACTIVITIES - Loss driven by environmental baseline work and core re-boxing program at Ambler Metals joint venture

* REGULATORY EXPENSES - Higher regulatory expenses and legal fees related to base shelf prospectus and ATM Program contributed to increased loss

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$1.75

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the diversified mining peer group is "buy."

* Wall Street's median 12-month price target for Trilogy Metals Inc ( TMQ ) is C$2.50, about 14.8% below its September 29 closing price of C$2.87

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)