Strong Free Cash Flow and Cash Balance
Generated nearly $100 million of free cash flow. Cash balance increased to over $560 million, demonstrating financial robustness and ability to fund projects while returning capital to shareholders.
Mount Milligan Pre-Feasibility Study Success
Successfully extended the life of mine by approximately 10 years to 2045 with an optimized mine plan. Proven and probable reserves increased significantly to 4.4 million ounces of gold and 1.7 billion pounds of copper, representing a 56% and 52% increase, respectively.
Operational and Sustainability Achievements
Significant progress in sustainability initiatives, including a renewable diesel pilot project at Mount Milligan and community programs supporting over 13,000 students.
Robust Financial Performance
Adjusted net earnings in the third quarter were $66 million or $0.33 per share. Strong cash flow from operations and significant share repurchases, with $95 million returned to shareholders year-to-date.
High Commodity Prices
Benefited from elevated metal prices, which contributed to robust cash flow and financial performance.