Focused Colombian Asset PortfolioA concentrated portfolio centered on the Angostura Colombian gold project provides strategic clarity and a focused development path. For an explorer/developer, a clear flagship asset supports project advancement, permitting targeted technical work and permit efforts that can translate to durable value creation over months.
Improving Cash OutflowsMeasured reduction in operating and free cash outflows versus prior years signals improving cost control and operational discipline. A declining cash burn rate extends runway, lowers near-term financing pressure, and materially improves the firm's ability to execute exploration and permitting over the next several months.
Declining Total Debt Versus 2024A meaningful reduction in total debt from 2024 to the trailing period reduces refinancing and solvency risk. Improved leverage metrics, even from a weak baseline, enhance financial flexibility and lower structural funding costs, supporting more sustainable project development over the medium term.