Record-Breaking Revenue and Growth
Fiscal Q3 was the strongest quarter ever with record revenue of $84 million, up 43% from the previous year, and record operating cash flow of $45 million, up 90%.
Increased Production and Mill Expansion
Record silver production of 1.9 million ounces, up 16%, with the Ying Mine completing a mill expansion in December, increasing capacity from 2,500 tons to 4,000 tons per day.
Commodity Price Surge
Realized gold and silver prices rose by 35%, zinc by 49%, and lead by 8%, contributing to increased revenue and net income.
Strong Cash Position
Ended 2024 with a healthy cash balance of $355 million, including $143 million from convertible notes.
Operational Success and Future Outlook
Secured necessary permits for the Kuanping project, mobilized contractors at El Domo, and positioned for sustained production growth.