The following tables present consolidated selected financial and operating results of the Company for the three months ended March 31, 2026, and 2025:
| · · · · · · |
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| · · Three months ended March 31, |
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| | | 2026 | | 2025 |
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| · · (in thousands, except per share) |
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| Revenue from gold and silver sales (1) | | $74,049 | | $35,696 |
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| Production costs applicable to sales (1) | | $(35,644) | | $(19,605) |
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| Gross profit (1) | | $31,495 | | $10,070 |
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| Net income (loss) | | $33,379 | | $(6,270) |
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| Net income (loss) per share | | $0.56 | | $(0.12) |
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| Adjusted EBITDA (2) | | $44,819 | | $8,709 |
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| Adjusted EBITDA per share (2) | | $0.76 | | $0.16 |
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| Cash from (used) in operating activities | | $12,103 | | $(1,932) |
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| Additions to mineral property interests and plant and equipment | | $16,885 | | $14,534 |
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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 41. |
| · · · · · · |
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| · · |
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| | | March 31, 2026 | | December 31, 2025 |
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| · · (in thousands, unless otherwise indicated) |
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| Cash and cash equivalents | | $56,535 | | $51,015 |
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| Current assets | | $109,819 | | $107,886 |
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| Current liabilities | | $96,667 | | $63,809 |
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| Long-term debt | | $123,367 | | $126,168 |
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| | | | | | | |
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| · · Three months ended March 31, |
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| · · 2026 · · 2025 |
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| · · |
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| GEOs produced (1) | | | 30,471 | | | 24,132 |
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| 100% owned operations | | | 15,889 | | | 13,208 |
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| San José mine (49% attributable) | | | 14,582 | | | 10,924 |
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| GEOs sold (1) | | | 31,889 | | | 23,804 |
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| 100% owned operations | | | 15,752 | | | 13,036 |
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| San José mine (49% attributable) | | | 16,137 | | | 10,769 |
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| Average realized price ($/GEO) (2)(3) | | | $4,792 | | | $2,803 |
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| P.M. Fix Gold ($/oz) | | | $4,873 | | | $2,860 |
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| Cash costs per ounce ($/GEO sold) (2) | | | | | | |
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| 100% owned operations | | | $2,421 | | | $1,504 |
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| San José mine (49% attributable) | | | $2,365 | | | $2,575 |
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| AISC per ounce ($/GEO sold) (2) | | | | | | |
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| 100% owned operations | | | $2,887 | | | $2,318 |
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| San José mine (49% attributable) | | | $2,704 | | | $3,047 |
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| Gold : Silver ratio (1) | | | 58:1 | | | 90 : 1 |
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| (1) | Silver production is presented as a gold equivalent with a gold : silver ratio of 58 : 1 for Q1/26 and 90 : 1 for Q1/25. |
| (2) | This is a Non-GAAP financial performance measure. See “Non-GAAP Financial Performance Measures” beginning on page 41. |
| (3) | On sales from 100% owned operations only, excluding sales from our streaming arrangement at the Fox Complex. |
