Gunnison Copper Corp. reported US$79.850 million in revenue for the nine months ended September 30, 2026, versus US$3.545 million a year earlier, and net income of US$27.506 million versus a US$46.782 million loss. Revenue included copper sales and deferred mining and processing demonstration service revenue. Results included a US$15.191 million non-cash gain on the Nuton Stage 2 payable and a US$20.122 million non-cash loss on the copper stream derivative.
Johnson Camp Mine achieved commercial production in Q3 2026, producing 3,423,948 pounds of cathode; it sold 3,307,301 pounds at US$6.41 per pound. Nuton agreed to a revised Stage 2 plan adding approximately 3 million tons; Gunnison received Nuton’s US$8 million payment on October 15, 2026.
Cash was US$23.508 million and working capital was negative US$2,000 as of September 30, 2026; management expects sufficient capital for at least 12 months based on its forecast and Nuton funding. The Gunnison Project pre-feasibility study is expected to cost up to US$40.0 million and take approximately 24 months, and the company says additional financing is needed. A material weakness in review controls over complex estimates, including warrant valuations and inventory costing, remained unremediated.
Gunnison Copper Corp. reported Q3 2026 revenue of US$36.1 million, up 53% from Q2, and net income of US$12.7 million, or US$0.03 per share. In Q3 2025, revenue was US$2.9 million and net loss was US$22.9 million, or US$0.06 per share.
Johnson Camp reached commercial production in September 2026, producing approximately 3.42 million pounds of copper cathode, up 71% from Q2, and selling approximately 3.31 million pounds at US$6.41 per pound. SX/EW costs were US$0.56 per pound produced, versus US$0.76 in Q2. Cash and cash equivalents were US$23.5 million as of September 30, 2026; the remaining Triple Flag convertible debenture converted that day.
An expanded Stage 2 mine plan with Nuton adds approximately 3 million tons expected to be mined in 2027–2029; Gunnison received Nuton's additional US$8 million payment on October 15, 2026. The company targets Johnson Camp nameplate production of 25 million pounds annually by year-end 2026. MLRP amendment approval is targeted before year-end 2026, and the final Technical Report in the second half of 2028.
Gunnison Copper Corp. reported initial assay results from its 2026–2027 drilling program at Strong & Harris and the Gunnison Project. At Strong & Harris, hole SHM-2 returned a 311-foot downhole interval grading 1.39% copper, 2.29% zinc and 6.41 g/t silver, including a 40-foot downhole interval (34.6 feet estimated true thickness) grading 5.15% copper, 11.99% zinc and 16.38 g/t silver. The company said the results confirm high-grade mineralization represented in its existing resource model.
At the Gunnison Project, holes NSM-18 and NSM-22 intersected 790.3 feet grading 0.46% copper and 738.3 feet grading 0.43% copper, respectively. The program has completed 27,953 feet across 25 holes, approximately 20% of the planned 138,000-foot, 120-hole program. Metallurgical testing across seven laboratories evaluates heap leaching, sulfide leaching, material sorting, flotation and solvent extraction. Flotation testing at FLSmidth assesses a potential concentrator route for sulfide mineralization. The company cautions that assay grades do not establish metallurgical recoveries, concentrate quality, byproduct payability or suitability for heap leaching; further testing and technical and economic evaluation are required to assess a concentrator’s potential role.
Gunnison Copper Corp. launched its GUNN 25 Challenge, a US$25,000 cash sweepstakes celebrating its October 26, 2026, NYSE American trading debut. Participants can submit a video showing 25 repetitions of an activity on Instagram, TikTok or X, or enter through an online form; both methods provide equal odds. The sweepstakes opened November 4, 2026, at 12:00 p.m. ET, is scheduled to close December 13, 2026, and one eligible winner will be selected by random drawing on or about December 16, 2026.
Gunnison says its Johnson Camp Mine in southern Arizona is in production, producing finished copper cathode, with capacity of up to 25 million pounds annually; Nuton LLC, a Rio Tinto venture, fully funds the asset. The separate Gunnison Copper Project’s March 2026 preliminary economic assessment estimates approximately 175 million pounds of annual copper production over a 21-year mine life, NPV8% of $2 billion, IRR of 22.5%, and a 3.9-year payback period. The assessment is preliminary and includes Inferred Mineral Resources, and there is no certainty that its conclusions will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Gunnison Copper Corp. (GUNN) intends to award restricted share units to 115 eligible permanent employees to mark its October 26, 2026 debut on NYSE American. The awards are planned to vest over 12 months from the initial listing date and will be granted after required regulatory processes and filings are completed.
The March 2026 preliminary economic assessment for the Gunnison Project reported a $2 billion NPV8%, 22.5% IRR and 3.9-year payback period. Gunnison says the assessment is preliminary and includes Inferred Mineral Resources; it cautions that Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Gunnison Copper Corp. began trading its Level II ADRs on NYSE American under GUNN on October 26, 2026. Each ADR represents 30 common shares. The listing is not a new securities offering: no additional common shares are being issued and no capital is being raised. Eligible U.S. shareholders may convert existing common shares through a broker or custodian, subject to applicable requirements; ADR issuance fees are waived through January 23, 2027.
The March 2026 preliminary economic assessment for the Gunnison Copper Project estimates ~175 million pounds of average annual copper production over a 21-year mine life, more than 3.2 billion pounds over the mine life, US$2.0 billion after-tax NPV at 8%, a 22.5% IRR and 3.9-year payback, based on US$4.60/lb copper. The assessment includes Inferred Mineral Resources, is preliminary, and says there is no certainty its conclusions will be realized; Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Johnson Camp is in production, with capacity of up to 25 million pounds of finished copper cathode annually.
Gunnison Copper Corp. expects Level II ADRs to begin trading on NYSE American on or about October 26, 2026, under GUNN, subject to effectiveness of its SEC registration statement and final exchange approvals; each ADR represents 30 common shares. The listing is not an equity financing: no additional common shares are being issued and no capital is being raised. U.S. shareholders may convert common shares through BNY starting October 23, subject to fees and deposit-agreement terms; conversion is optional.
Gunnison announced a planned one-time equity award targeted at US$2,500 per eligible permanent employee, expected as restricted share units vesting after 12 months of continued employment, subject to program terms. It also plans a voluntary Employee Share Purchase Plan through payroll deductions at a 15% discount to market value; the US$2,500 annual cap per employee applies to the value of the discount benefit. Johnson Camp is producing finished copper cathode with capacity of up to 25 million pounds annually. The March 2026 preliminary economic assessment for the Gunnison Copper Project estimated NPV of approximately US$2 billion at an 8% discount rate and IRR of 23%; it includes Inferred Mineral Resources, and its conclusions are not certain to be realized.