The following tables present consolidated selected financial and operating results of the Company for the three and nine months ended September 30, 2025, and 2024:
| · · · · · · · · · · · · · |
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| · · Three months ended September 30, · · Nine months ended September 30, · |
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| · · 2025 · 2024 · 2025 · 2024 |
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| · · (in thousands, except per share) · |
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| Revenue from gold and silver sales (1) | | $50,534 | | $52,250 | | $132,930 | | $140,954 | |
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| Production costs applicable to sales (1) | | $(35,233) | | $(29,682) | | $(82,571) | | $(86,858) | |
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| Gross profit (1) | | $7,816 | | $13,803 | | $30,167 | | $30,572 | |
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| Adjusted EBITDA (2) | | $11,815 | | $10,489 | | $38,007 | | $24,039 | |
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| Adjusted EBITDA per share (2) | | $0.22 | | $0.20 | | $0.71 | | $0.48 | |
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| Net loss | | $(462) | | $(2,081) | | $(3,692) | | $(35,459) | |
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| Net loss per share | | $(0.01) | | $(0.04) | | $(0.07) | | $(0.70) | |
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| Cash from operating activities | | $5,215 | | $23,161 | | $3,761 | | $30,666 | |
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| Additions to mineral property interests and plant and equipment | | $25,363 | | $19,140 | | $35,012 | | $30,346 | |
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| (1) | Excludes results from the San José mine, which is accounted for under the equity method. |
| (2) | This is a Non-GAAP financial performance measure. See “Non-GAAP Financial Performance Measures” beginning on page 40. |
| · · · · · · |
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| · · |
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| | | September 30, 2025 | | December 31, 2024 |
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| · · (in thousands, unless otherwise indicated) |
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| Cash and cash equivalents | | $51,249 | | $13,692 |
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| Current assets | | $119,374 | | $41,192 |
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| Current liabilities | | $56,774 | | $47,693 |
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| Long-term debt | | $125,968 | | $40,000 |
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| | | | | | | | | | | | | | |
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| · · Three months ended September 30, · · Nine months ended September 30, · |
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| · · 2025 · 2024 · 2025 · 2024 |
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| · · · |
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| GEOs produced (1) | | | 29,662 | | | 35,180 | | | 81,346 | | | 103,445 | |
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| 100% owned operations | | | 14,676 | | | 21,495 | | | 41,718 | | | 62,155 | |
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| San José mine (49% attributable) | | | 14,986 | | | 13,684 | | | 39,628 | | | 41,290 | |
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| GEOs sold (1) | | | 26,134 | | | 34,435 | | | 77,988 | | | 104,025 | |
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| 100% owned operations | | | 14,968 | | | 21,350 | | | 42,563 | | | 61,783 | |
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| San José mine (49% attributable) | | | 11,166 | | | 13,086 | | | 35,425 | | | 42,241 | |
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| Average realized price ($/GEO) (2)(3) | | | $3,477 | | | $2,499 | | | $3,218 | | | $2,342 | |
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| P.M. Fix Gold ($/oz) | | | $3,457 | | | $2,474 | | | $3,201 | | | $2,296 | |
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| Cash costs per ounce ($/GEO sold) (2) | | | | | | | | | | | | | |
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| 100% owned operations | | | $2,366 | | | $1,390 | | | $1,943 | | | $1,406 | |
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| San José mine (49% attributable) | | | $2,196 | | | $2,173 | | | $2,355 | | | $1,788 | |
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| AISC per ounce ($/GEO sold) (2) | | | | | | | | | | | | | |
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| 100% owned operations | | | $2,639 | | | $1,895 | | | $2,364 | | | $1,695 | |
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| San José mine (49% attributable) | | | $2,771 | | | $2,675 | | | $2,881 | | | $2,194 | |
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| Gold : Silver ratio (1) | | | 88 : 1 | | | 85 : 1 | | | 92 : 1 | | | 85 : 1 | |
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| (1) | Silver production is presented as a gold equivalent with a gold : silver ratio of 88 : 1 for Q3/25 and 92 : 1 for Q3/24. |
| (2) | This is a Non-GAAP financial performance measure. See “Non-GAAP Financial Performance Measures” beginning on page 40. |
| (3) | On sales from 100% owned operations only, excluding sales from our streaming arrangement at the Fox Complex. |
