Record Operating Cash Flow
The company achieved record operating cash flows of $2.5 million, representing an increase of over 180% compared to the previous quarter.
Positive Gold Price Environment
Spot gold prices have reached record highs, recently exceeding $3,300 per ounce, boosting both top and bottom lines.
Strong Financial Performance
Total revenue, land agreement proceeds, and interest amounted to $3.6 million, translating to 1,249 gold equivalent ounces for the quarter.
Long-term Growth Potential
The company forecasts 23,000 to 28,000 gold equivalent ounces by 2029, representing an over 360% increase from 2024.