Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Earnings Routine −

Conifex Announces First Quarter 2026 Results

Conifex’s Mackenzie Mill Halt Spotlights Deepening Cash Crunch as Softwood Duties Consume Liquidity

By The Northwire Desk — AI Analysis May 15, 2026 · 08:00 CFF · 0.115 CONIFEX TIMBER INC.
Executive Summary
  • The most recent release (May 15, 2026) reports Q1 2026 results: net loss of $9.4M ($0.23/share), negative EBITDA of $7.7M, total revenue $21.8M (down 51% YoY).
  • Lumber production fell to 21.7 MMfbm, shipments to 21.5 MMfbm; bioenergy revenue dropped due to a 30‑day unplanned plant outage.
  • A seven‑week sawmill curtailment at Mackenzie was formally announced, starting May 19, 2026, reducing supply by ~25 million board feet.
  • The company secured a $19M BDC term loan (Mar‑2026) to refinance bridge advances; total debt rose to $102.6M, with unrestricted cash at only $3.6M.
  • Going‑concern warning is repeated, citing trade uncertainties and cash‑flow pressure.
  • Earlier May 1 news had pre‑announced the curtailment and indicated efforts to broaden financing options.
Material Impact
  • The Q1 loss and curtailment largely confirm a distress trajectory already telegraphed by the May 1 operational update and earlier quarterly warnings.
  • The net loss narrowed slightly from Q4 2025 ($11.4M), but revenue and production continued to erode; no positive surprise is present.
  • The going‑concern language is unchanged from prior quarters, and the BDC loan had been disclosed in March.
  • Market reaction appears muted: the stock has been range‑bound at $0.11–$0.13 for most of 2026, signaling that these negatives are largely priced in.
  • Therefore, the May 15 earnings release does not introduce genuinely new, market‑moving negative information; it falls under Routine – Negative.
CFF · Price
Company Overview
  • Conifex Timber Inc. produces Western SPF lumber and bioenergy. Its flagship asset is the Mackenzie, British Columbia sawmill complex, which includes a power plant selling electricity to BC Hydro.
  • The Mackenzie Timber Supply Area has one of the largest sawlog surpluses in the B.C. Interior, offering a structural fiber cost advantage.
  • Operations have been severely disrupted by U.S. softwood lumber duties, weak lumber prices, and intermittent log supply constraints.
Read the original news release →

More from CONIFEX TIMBER INC.

May 01, 2026 · 20:33

Conifex Timber Cuts Production Amid Tariff Headwinds; Going Concern Risks Loom

Earnings May 01, 2026 · 18:00

Operational Update Confirms H1 Curtailment Plan

Production / Operations Mar 23, 2026 · 08:00

Conifex Announces 2025 Year-End and Fourth Quarter Results

Earnings Mar 04, 2026 · 19:39

Conifex receives $19M loan from BDC, restarts mill

Earnings Mar 04, 2026 · 19:30

Conifex Announces Secured Term Loan with BDC under the Softwood Lumber Guarantee Program

Earnings Nov 28, 2025 · 16:10

Conifex to curtail Mackenzie operations for four weeks

Production / Operations