Net LossThe company reported a net loss of $101.9M for 2024, mainly due to a 20% drop in payable Silver Equivalent Ounces sold.
Production ChallengesLower-than-forecasted grades at San Dimas resulted in silver and gold production being well below estimates, offsetting Santa Elena's strong production beat.
Production DeclineThe company produced 21.7M silver equivalent ounces, representing a 14% decrease YoY, driven by a 21% YoY decrease in gold ounces and an 18% decrease in silver production.