The following tables present consolidated selected financial and operating results of the Company for the three and nine months ended September 30, 2024 and 2023:
| · · · · · · · · · · · · |
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| · · Three months ended September 30, · · Nine months ended September 30, |
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| · · 2024 · 2023 · 2024 · 2023 |
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| · · (in thousands, except per share) |
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| Revenue from gold and silver sales (1) | | $52,250 | | $38,404 | | $140,954 | | $107,551 |
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| Production costs applicable to sales (1) | | $(29,682) | | $(26,468) | | $(86,858) | | $(80,043) |
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| Gross profit (1) | | $13,803 | | $3,755 | | $30,572 | | $4,138 |
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| Adjusted EBITDA (2) | | $10,489 | | $1,528 | | $24,039 | | $(6,730) |
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| Adjusted EBITDA per share (2) | | $0.20 | | $0.03 | | $0.48 | | $(0.14) |
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| Net loss | | $(2,081) | | $(18,451) | | $(35,459) | | $(83,154) |
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| Net loss per share | | $(0.04) | | $(0.39) | | $(0.70) | | $(1.75) |
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| Cash from (used) in operating activities | | $23,161 | | $(2,280) | | $30,666 | | $(56,042) |
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| Additions to mineral property interests and plant and equipment | | $19,140 | | $9,319 | | $30,346 | | $18,277 |
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| (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 33. |
| · · · · · · |
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| · · |
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| | | September 30, 2024 | | December 31, 2023 |
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| · · (in thousands, unless otherwise indicated) |
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| Cash and cash equivalents | | $29,226 | | $23,020 |
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| Current assets | | $59,572 | | $52,661 |
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| Current liabilities | | $50,936 | | $30,003 |
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| Long-term debt | | $31,000 | | $40,000 |
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| | | | | | | | | | | | | |
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| · · Three months ended September 30, · · Nine months ended September 30, |
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| · · 2024 · 2023 · 2024 · 2023 |
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| · · (in thousands, except per ounce) |
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| GEOs produced (1) | | | 35.2 | | | 38.6 | | | 103.4 | | | 104.7 |
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| 100% owned operations | | | 21.5 | | | 20.7 | | | 62.2 | | | 58.0 |
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| San José mine (49% attributable) | | | 13.7 | | | 17.9 | | | 41.3 | | | 46.7 |
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| GEOs sold (1) | | | 34.4 | | | 35.2 | | | 104.0 | | | 100.9 |
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| 100% owned operations | | | 21.3 | | | 20.6 | | | 61.8 | | | 58.0 |
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| San José mine (49% attributable) | | | 13.1 | | | 14.6 | | | 42.2 | | | 42.9 |
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| Average realized price ($/GEO) (2)(3) | | | $2,499 | | | $1,920 | | | $2,342 | | | $1,916 |
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| P.M. Fix Gold ($/oz) | | | $2,474 | | | $1,928 | | | $2,296 | | | $1,930 |
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| Cash costs per ounce ($/GEO sold) (2) | | | | | | | | | | | | |
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| 100% owned operations | | | $1,390 | | | $1,284 | | | $1,406 | | | $1,381 |
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| San José mine (49% attributable) | | | $2,173 | | | $1,445 | | | $1,788 | | | $1,505 |
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| AISC per ounce ($/GEO sold) (2) | | | | | | | | | | | | |
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| 100% owned operations | | | $1,871 | | | $1,686 | | | $1,687 | | | $1,683 |
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| San José mine (49% attributable) | | | $2,675 | | | $1,953 | | | $2,194 | | | $1,971 |
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| Gold : Silver ratio (1) | | | 85 : 1 | | | 82 : 1 | | | 85 : 1 | | | 83 : 1 |
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| (1) | Silver production is presented as a gold equivalent with a gold : silver ratio of 85 : 1 for Q3/24 and 82 : 1 for Q3/23. |
| (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 33. |
| (3) | On sales from 100% owned operations only, excluding sales from our streaming arrangement at the Fox Complex. |
