Debt ReductionThe outstanding balance on the revolving credit facility was reduced by $10M owing to the recent strength in gold prices, with plans to eliminate the remaining balance.
Financial PerformanceThe balance sheet improved significantly, with cash and equivalents increasing to $41.37M and the working capital deficit decreasing.
Operational EfficiencyGrade overperformance at the Eagle River mine (15.5g/t versus FY24 guidance of 12.2-13.4g/t) offset lower throughput to yield 24.9Koz.