Record Free Cash Flow
Free cash flow from ongoing operations hit a record $111 million, surpassing the previous quarter's $96 million, with a free cash flow margin of 38%.
Cost Reduction Success
Cash cost per ounce decreased to $929 from $1,015 in the previous quarter, while consolidated all-in sustaining costs were reduced to $1,640 from $1,772.
Net Income Increase
Net income from continued operations increased to $61.7 million, or $0.20 per share, up from $11 million, or $0.04 per share in Q4.
Strong Gold Production
Produced 103,000 gold equivalent ounces, keeping within production guidance with Séguéla outperforming expectations by 4,000 ounces.
Improved Financial Position
Net cash position more than doubled to $137 million, and total liquidity rose to $462 million from $381 million.