Strong Financial Performance
Fourth consecutive quarter of positive EPS, positive free cash flow, and net income of $33 million. Revenue of $360 million and adjusted EBITDA of $149 million with a margin increase to 41%.
Debt Reduction
Eliminated nearly $130 million of debt and metal prepaid facilities; revolving credit facility reduced to $110 million drawn, with expectations to repay the remainder by Q3 2025.
Production Growth
Total gold production of nearly 90,000 ounces and 4 million ounces of silver sold during the quarter.
Las Chispas Integration
Smooth integration of Las Chispas with strong high-grade production, adding 74,000 ounces of silver and over 7,000 ounces of gold to the portfolio.
Exploration Success
Significant discovery of a new vein 'Augusta' at Las Chispas and other high-grade results in the Gap zone.
Cost Management
Maintained cost per ounce essentially flat year-over-year despite significant price increases in gold (41%) and silver (36%).