Gold Production and Cost Improvement
Produced 125,000 ounces of gold, expecting a 20% decrease in all-in sustaining costs in the second quarter and further decreases into the second half of the year.
Expansion and Growth Projects
Advancing high-return, fully-funded projects like Lynn Lake, with a 31% increase in global mineral reserves to 14 million ounces.
Strategic Growth in Production Capacity
Target production of 600,000 ounces in 2025, with expected growth to 700,000 ounces annually by 2027 and 900,000 ounces by 2028.
Strong Cash Position
Reported net earnings of $15 million and adjusted net earnings of $60 million, with a strong cash position of $290 million and nearly $800 million in total liquidity.
Island Gold and Magino Integration
Successful batch test of Island Gold's high-grade ore processed with Magino ore, achieving 96% recovery.