Record Revenue and Cash Flow
Achieved record revenues of $438 million and strong free cash flow of $85 million. Production totaled 137,000 ounces, up 10% from the first quarter.
All-In Sustaining Costs Reduction
All-in sustaining costs reduced by 18% from the first quarter, with further declines expected in the second half of the year.
Island Gold District Expansion
The Island Gold District is expected to become one of the largest, lowest cost, and most profitable gold mines in Canada. A base case life of mine plan outlines average annual production of 411,000 ounces at mine site all-in sustaining costs of $915 per ounce.
Strong Free Cash Flow Projection
Ongoing free cash flow projected to exceed $1 billion annually with current gold prices, driven by Phase 3+ expansion and other projects.
Successful Exploration Results
Exploration programs continue to yield high-grade results, particularly in the Island Gold District and the Mulatos District, indicating significant potential for growth.