Cost Reduction and Efficiency Gains
The expanded plant has successfully reduced operating costs per tonne by over half, even with a lower grade profile in Q1 2025, demonstrating the scalability and low-cost nature of the operation.
Increased Throughput and Financial Metrics
The plant operated at full capacity with over 100% increase in throughput year-over-year, leading to higher adjusted EBITDA and cash flow from operations due to lower costs and higher gold prices, achieving $2,653 per ounce.
Strong Exploration Results
Record drill hole results at Stanford Bridge with high-grade discoveries, which are expected to be incorporated into future mine plans, indicating strong exploration potential.