The following tables present consolidated selected financial and operating results of the Company for the three and six months ended June 30, 2026, and 2025:
| · · · · · · · · · · · · · |
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| · · Three months ended June 30, · · Six months ended June 30, · |
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| | | 2026 | | 2025 | | 2026 | | 2025 | |
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| · · (in thousands, except per share) · |
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| Revenue from gold and silver sales (1) | | $59,234 | | $46,700 | | $133,283 | | $82,396 | |
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| Production costs applicable to sales (1) | | $(31,145) | | $(27,733) | | $(66,789) | | $(47,338) | |
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| Gross profit (1) | | $20,080 | | $12,281 | | $51,575 | | $22,351 | |
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| Net income (loss) | | $9,606 | | $3,040 | | $42,985 | | $(3,230) | |
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| Net income (loss) per share | | $0.16 | | $0.06 | | $0.72 | | $(0.06) | |
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| Adjusted EBITDA (2) | | $22,225 | | $17,309 | | $22,279 | | $26,018 | |
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| Cash from (used in) operating activities | | $46,221 | | $478 | | $58,324 | | $(1,454) | |
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| Additions to mineral property interests and plant and equipment | | $22,964 | | $9,649 | | $39,849 | | $24,183 | |
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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 47. |
| · · · · · · |
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| · · |
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| | | June 30, 2026 | | December 31, 2025 |
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| · · (in thousands, unless otherwise indicated) |
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| Cash and cash equivalents | | $78,883 | | $51,015 |
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| Current assets | | $129,735 | | $107,886 |
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| Current liabilities | | $63,692 | | $63,809 |
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| Long-term debt | | $120,572 | | $126,168 |
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| | | | | | | | | | | | | | |
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| · · Three months ended June 30, · · Six months ended June 30, · |
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| · · 2026 · · 2025 · · 2026 · · 2025 · |
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| · · · |
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| GEOs produced (1) | | | 30,872 | | | 27,554 | | | 61,342 | | | 51,685 | |
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| 100% owned operations | | | 13,852 | | | 13,835 | | | 29,741 | | | 27,042 | |
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| San José mine (49% attributable) | | | 17,019 | | | 13,719 | | | 31,601 | | | 24,643 | |
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| GEOs sold (1) | | | 29,310 | | | 28,039 | | | 60,521 | | | 51,854 | |
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| 100% owned operations | | | 13,948 | | | 14,549 | | | 29,021 | | | 27,596 | |
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| San José mine (49% attributable) | | | 15,362 | | | 13,490 | | | 31,499 | | | 24,258 | |
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| Average realized price ($/GEO) (2)(3) | | | $4,454 | | | $3,298 | | | $4,749 | | | $3,062 | |
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| P.M. Fix Gold ($/oz) | | | $4,506 | | | $3,281 | | | $4,691 | | | $3,069 | |
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| Cash costs per ounce ($/GEO sold) (2) | | | | | | | | | | | | | |
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| 100% owned operations | | | $2,394 | | | $1,906 | | | $2,476 | | | $1,715 | |
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| San José mine (49% attributable) | | | $2,466 | | | $2,310 | | | $2,414 | | | $2,428 | |
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| AISC per ounce ($/GEO sold) (2) | | | | | | | | | | | | | |
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| 100% owned operations | | | $2,932 | | | $2,120 | | | $2,904 | | | $2,210 | |
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| San José mine (49% attributable) | | | $2,913 | | | $2,842 | | | $2,806 | | | $2,933 | |
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| Gold : Silver ratio (1) | | | 61 : 1 | | | 99 : 1 | | | 59 : 1 | | | 94 : 1 | |
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| (1) | Silver production is presented as a gold equivalent with a gold : silver ratio of 61 : 1 for Q2/26 and 99 : 1 for Q2/25. |
| (2) | This is a Non-GAAP financial performance measure. See “Non-GAAP Financial Performance Measures” beginning on page 47. |
| (3) | On sales from 100% owned operations only, excluding sales from our streaming arrangement at the Fox Complex. |
