Record Free Cash Flow and Debt Repayment
Free cash flow reached $146 million, leading to the repayment of the remaining balance on the revolving credit facility and funding for share repurchases.
Strong Production and Cost Performance
All five operations delivered strong production, cost, and financial performance with significant contributions from Rochester and Las Chispas.
Increased Production and Decreased Costs
Consolidated gold and silver production increased by 25% and 27%, respectively, while total adjusted CAS per ounce for gold and silver decreased by 5% and 6%.
Significant Exploration Success
Exciting exploration results were delivered, particularly at Las Chispas, with a reoriented drilling program and significant potential for expanded resources.
Balance Sheet Strengthening
The company achieved a net debt-to-EBITDA ratio nearing 0, with total debt reduced by nearly $250 million from the previous year.