Record Gross Profit and Net Attributable Profit
Achieved a record gross profit of nearly $77 million, up 86% from 2023. Net attributable profit was just under $19 million compared to a loss of $4 million in the previous year.
Strong Operating Cash Flow
Operating cash flow was nearly $42 million compared to less than $15 million in the previous year.
Production and Revenue Growth
Production was within guidance, with an average realized gold price of $2,600, supporting an increase in revenue and gross profit.
Safety and Production Improvements
Achieved 88 out of 100 accident-free days in Q4 and a production of 19,841 ounces in Q4, up from 18,992 ounces in Q3.
Dividend Declaration
Declared a dividend of $0.14 for the quarter, totaling $0.56 for the year.
Exploration Success
Good exploration results at Motapa with potential for more work, showing widespread mineralization over a 9 km strike length.