Successful Financing and Reduced Liabilities
The company closed an oversubscribed $50 million subscription receipt financing and reduced liabilities by approximately $43 million.
Galena Complex Developments
Consolidated ownership of the Galena Complex, ordered new equipment, and implemented productivity improvements with a target to ramp up mining to 1,200 tonnes per day.
Cosalá Operations Performance
Cosalá delivered production of 2.4 million silver equivalent ounces at a cash cost of $11 per ounce. Production is expected to increase in 2025.
Revenue Growth
Revenue increased to $100.2 million, up 5% from the previous year, due to higher realized metal prices.
Institutional Ownership and Market Performance
Institutionalized over 50% of the shareholder register and shares have outperformed the silver group with an 85% return.