Record Quarterly Revenue
Achieved record quarterly revenues of $73.7 million, supported by stronger realized metal prices and steady performance at both operations.
Historic Adjusted EBITDA
Adjusted EBITDA rose to $28.9 million, the highest in the company's history, marking a 68% increase from Q2 last year.
Strong Net Income Growth
Net income essentially doubled year-over-year to $17.4 million or $0.12 per share.
Debt Repayment and Strong Cash Position
Fully repaid all outstanding amounts under the revolving credit facility, reducing total debt and ending the quarter with $87.3 million in liquid assets.
Operational Efficiency at San Bartolome
Improved margins with a gross margin ratio of 45.9%, up from 20% in Q2 last year. Increased full-year margin guidance due to strong cost control and favorable conditions.
Ongoing Exploration Success
Continued advancement in exploration drilling at Golden Queen, with potential to extend mine life through near-mine and regional targets.