Improved Financial Health
Treasury increased to $54 million from $14 million a year ago; working capital improved to $62 million from a negative $7 million at the end of last year; adjusted EBITDA more than doubled to $17.3 million from the previous year.
Exploration Success
Investment of $51 million in exploration over the past 2.5 years led to exciting drill results, including a high-grade discovery at Froome West zone.
Safety Achievements
No lost time accidents across all sites, with significant records in Mexico, Timmins, and Nevada.
Canadian Gold Corp Acquisition
Acquisition expected to enhance the organization's asset base with a high-grade operation in a mine-friendly jurisdiction.
Strong Performance of McEwen Copper
1.8 million work hours without a lost time incident; continued investment and progress towards a definitive feasibility study for Los Azules Project.