Management currently believes the Company is on track to meet its previously disclosed forecast of $5.5M-$6.5M in Total Revenue and Land Agreement Proceeds in 2023 based on the production guidance published to date by the operators of the properties underlying the Company’s interests, a forecasted gold price ranging from $1,700-$2,000 per ounce and expected payments from land agreements. The Company expects to incur $7.0M-$8.0M in recurring Cash Operating Expenses in 2023 which remains unchanged as well. The Company currently expects that it will generate positive net operating cash flow in 2024 when select key growth projects are expected to ramp up in production, including the long-life cornerstone mines at Cote and Odyssey.
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