Strong Financial Performance
Revenue increased by 27% from 2023, with EBITDA nearly doubling to $311 million for 2024. Operating cash flow was $250 million, marking a significant increase from $140 million in 2023.
Stable Operations and Growth Opportunities
Production of 336,000 ounces of gold was achieved, with stable operations generating significant cash flow. The company ended the year with $101 million in cash and bullion, providing a strong net cash position of $66 million.
Successful Exploration Efforts
Significant wins in exploration were noted, with a maiden resource in Guinea of over 340,000 ounces and a joint venture in Ivory Coast, showing potential for future growth.
Syama Sulphide Conversion Project on Track
The project remains on budget and on track, with no supply chain issues despite challenges in Mali. Key procurements and construction milestones were achieved in 2024.