Record-Breaking Financial Performance
Both gross profit and EBITDA exceeded $1 billion, with gross profit increasing by 160% and operating profit by 266% compared to last year.
Strong Cash Flow and Dividend
Generated significant free cash flow of over $1 billion, allowing for a strong dividend payout of over $150 million.
Improvement in Safety and Environmental Initiatives
Achieved 86.6% renewable energy consumption, surpassing the 75% target. Opened the Proaño water potabilization plant to benefit 32,000 residents.
Operational Excellence in Herradura
Gold production increased by 39% year-on-year, with cash costs at $1,150, showing significant cost control and productivity improvements.
Positive Relations with New Administration
Constructive dialogue with the new administration in Mexico, obtaining important permits for operations.