Increase in Gold Production
Second quarter production totaled 137,000 ounces, up 10% from the first quarter, with stronger performances from all three operations.
Reduction in All-In Sustaining Costs
All-in sustaining costs decreased by 18% compared to the first quarter, with further declines expected in the second half of the year.
Record Revenues and Cash Flow
The company realized record revenues of $438 million and strong free cash flow of $85 million, funding growth projects and exploration programs.
Strong Performance in Island Gold District
The Island Gold District delivered a strong quarter with production of 64,400 ounces, a 9% increase over the first quarter.
Successful Expansion and Exploration
Expansion study underway for the Island Gold District with potential for larger and more profitable operations, alongside successful exploration results.