The following tables present selected financial and operating results of the Company for the three and six months ended June 30, 2024 and 2023:
| · · · · · · · · · · · · |
|---|
| · · Three months ended June 30, · · Six months ended June 30, |
|---|
| · · 2024 · 2023 · 2024 · 2023 |
|---|
| · · (in thousands, except per share) |
|---|
| Revenue from gold and silver sales (1) | | $47,476 | | $34,395 | | $88,704 | | $69,147 |
|---|
| Production costs applicable to sales (1) | | $(32,066) | | $(29,570) | | $(57,176) | | $(52,983) |
|---|
| Gross profit (loss) (1) | | $10,758 | | $(3,468) | | $16,769 | | $975 |
|---|
| Adjusted EBITDA (2) | | $7,227 | | $(5,845) | | $(48,583) | | $(17,455) |
|---|
| Adjusted EBITDA per share (2) | | $0.15 | | $(0.12) | | $(0.98) | | $(0.37) |
|---|
| Net loss | | $(12,995) | | $(21,627) | | $(33,378) | | $(64,703) |
|---|
| Net loss per share | | $(0.26) | | $(0.46) | | $(0.67) | | $(1.36) |
|---|
| Cash from (used) in operating activities | | $2,507 | | $(25,154) | | $7,487 | | $(53,762) |
|---|
| Additions to mineral property interests and plant and equipment | | $6,684 | | $4,008 | | $11,206 | | $8,958 |
|---|
| (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 31. |
| · · · · · · |
|---|
| · · |
|---|
| | | June 30, 2024 | | December 31, 2023 |
|---|
| · · (in thousands, unless otherwise indicated) |
|---|
| Cash and cash equivalents | | $40,685 | | $23,020 |
|---|
| Working capital | | $29,137 | | $22,658 |
|---|
| | | | | | | | | | | | | |
|---|
| · · Three months ended June 30, · · Six months ended June 30, |
|---|
| · · 2024 · 2023 · 2024 · 2023 |
|---|
| · · (in thousands, except per ounce) |
|---|
| GEOs produced (1) | | | 35.3 | | | 35.7 | | | 68.3 | | | 66.0 |
|---|
| 100% owned operations | | | 20.6 | | | 18.3 | | | 40.7 | | | 37.4 |
|---|
| San José mine (49% attributable) | | | 14.7 | | | 17.4 | | | 27.6 | | | 28.6 |
|---|
| GEOs sold (1) | | | 35.2 | | | 35.1 | | | 69.6 | | | 65.5 |
|---|
| 100% owned operations | | | 20.6 | | | 18.2 | | | 40.4 | | | 37.4 |
|---|
| San José mine (49% attributable) | | | 14.6 | | | 16.9 | | | 29.2 | | | 28.1 |
|---|
| Average realized price ($/GEO) (2)(3) | | | $2,355 | | | $1,951 | | | $2,246 | | | $1,877 |
|---|
| P.M. Fix Gold ($/oz) | | | $2,338 | | | $1,975 | | | $2,203 | | | $1,931 |
|---|
| Cash costs per ounce ($/GEO sold) (2) | | | | | | | | | | | | |
|---|
| 100% owned operations | | | $1,554 | | | $1,627 | | | $1,414 | | | $1,418 |
|---|
| San José mine (49% attributable) | | | $1,624 | | | $1,362 | | | $1,615 | | | $1,537 |
|---|
| AISC per ounce ($/GEO sold) (2) | | | | | | | | | | | | |
|---|
| 100% owned operations | | | $1,728 | | | $1,912 | | | $1,592 | | | $1,665 |
|---|
| San José mine (49% attributable) | | | $2,032 | | | $1,811 | | | $1,978 | | | $1,980 |
|---|
| Gold : Silver ratio (1) | | | 81 : 1 | | | 83 : 1 | | | 85 : 1 | | | 84 : 1 |
|---|
| (1) | Silver production is presented as a gold equivalent with a gold : silver ratio of 81 : 1 for Q2/24 and 83 : 1 for Q2/23. |
| (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 31. |
| (3) | On sales from 100% owned operations only, excluding sales from our streaming arrangement at the Fox Complex. |
