Safety Improvements
The company reported a reduction in significant safety incidents with no lost time injuries and no total recordable incidents during the quarter. Lost time injury and total recordable injury frequency rates improved to 0.42 and 0.97, respectively, per million hours worked.
Increase in Gold Production
Gold production increased to over 30,000 ounces in Q2, a 46% increase from Q1, bringing year-to-date production to over 51,000 ounces.
Financial Performance and Cash Flow
The company generated $36 million in cash flow from operating activities, ending the period with $115 million in cash and no debt. Revenues were $97.3 million, and net income was $21.6 million.
Exploration Success at Abore
Positive results from deep step-out drilling at the Abore deposit with mineralization intercepted in all 4 holes, including a strong intercept of 36 meters at 2.5 grams per tonne.
Completion of Secondary Crusher
Commissioning of the secondary crusher commenced slightly ahead of schedule, expected to enhance throughput and processing capabilities.