The following tables present select financial and operating results of our company for the years ended March 31, 2024, and 2023:
| · · · · · · |
|---|
| · · Three months ended March 31, |
|---|
| · · 2024 · 2023 |
|---|
| · · (in thousands, except per share) |
|---|
| Revenue from gold and silver sales(1) | | $41,228 | | $34,752 |
|---|
| Production costs applicable to sales(1) | | $(25,110) | | $(23,413) |
|---|
| Gross profit (loss)(1) | | $6,011 | | $4,443 |
|---|
| Adjusted EBITDA (2) | | $6,322 | | $(2,854) |
|---|
| Adjusted EBITDA per share (2) | | $0.13 | | $(0.06) |
|---|
| Net loss | | $(20,383) | | $(43,076) |
|---|
| Net loss per share | | $(0.41) | | $(0.91) |
|---|
| Cash from (used) in operating activities | | $3,881 | | $(28,608) |
|---|
| Cash additions to mineral property interests and plant and equipment | | $(4,522) | | $(4,950) |
|---|
| (1) | Excludes results from the San José mine, which is accounted for under the equity method. |
| (2) | As used here and elsewhere in this report, this is a Non-GAAP financial performance measure. See “Non-GAAP Financial Performance Measures” beginning on page 30. |
| · · · · · · |
|---|
| · · |
|---|
| | | March 31, 2024 | | December 31, 2023 |
|---|
| · · (in thousands, unless otherwise indicated) |
|---|
| Cash and cash equivalents | | $21,989 | | $23,020 |
|---|
| Working capital | | $14,112 | | $22,658 |
|---|
| | | | | | | |
|---|
| · · Three months ended March 31, |
|---|
| · · 2024 · 2023 |
|---|
| · · (in thousands, except per ounce) |
|---|
| GEOs produced(1) | | | 33.0 | | | 30.4 |
|---|
| 100% owned operations | | | 20.1 | | | 19.2 |
|---|
| San José mine (49% attributable) | | | 12.9 | | | 11.2 |
|---|
| GEOs sold(1) | | | 34.4 | | | 30.4 |
|---|
| 100% owned operations | | | 19.8 | | | 19.2 |
|---|
| San José mine (49% attributable) | | | 14.6 | | | 11.2 |
|---|
| Average realized price ($/GEO)(2)(3) | | | $2,131 | | | $1,856 |
|---|
| P.M. Fix Gold ($/oz) | | | $2,070 | | | $1,890 |
|---|
| Cash cost per ounce ($/GEO sold):(2) | | | | | | |
|---|
| 100% owned operations | | | $1,268 | | | $1,220 |
|---|
| San José mine (49% attributable) | | | $1,607 | | | $1,800 |
|---|
| AISC per ounce ($/GEO sold):(2) | | | | | | |
|---|
| 100% owned operations | | | $1,481 | | | $1,446 |
|---|
| San José mine (49% attributable) | | | $1,947 | | | $2,234 |
|---|
| Gold : Silver ratio(1) | | | 89 : 1 | | | 84 : 1 |
|---|
| (1) | Silver production is presented as a gold equivalent with a gold : silver ratio of 89 : 1 for Q1/24 and 84 : 1 for Q1/23. |
| (2) | As used here and elsewhere in this report, this is a Non-GAAP financial performance measure. See “Non-GAAP Financial Performance Measures” beginning on page 30. |
| (3) | On sales from 100% owned operations only, excluding sales from our stream. |
