Question · Q3 2025
Orris Walchedal of Scotiabank requested clarification on the $171 million in idle facility costs and recovery expenses reported in Q3, asking if a similar amount would be excluded from cash costs in Q4 and what the expected amount would be for 2026.
Answer
Kathleen Quirk, President and CEO, explained that approximately $450 million in idle facility costs and recovery expenses would be charged directly to expense in Q4, similar to the Q3 run rate (which only covered September). She noted this amount would ramp down in 2026 as operations restart, clarifying it's an accounting treatment for existing costs, not new expenses, and is included in disclosed operating cash flows.