Record Gold Production and Revenue
Gold production in Q3 totaled 73,236 ounces, a 25% increase over Q2. Gold revenue totaled $253 million in Q3, up 27% over Q2.
Strong Financial Performance
Adjusted EBITDA was $131 million for Q3 and more than $350 million on a trailing 12-month basis. Ended Q3 with a cash balance of $418 million.
Significant Project Advancements
Construction of the Marmato Bulk Mining Zone is progressing with the first gold pour expected in H2 2026. Pre-feasibility study for Soto Norte and preliminary economic assessment for Toroparu completed, outlining strong financial returns.
Improved Cost Efficiency
AISC margin increased by 36% compared to Q2. Owner mining all-in sustaining cost was $1,452 per ounce in Q3, trending towards the lower end of the full year guidance of $1,450 to $1,600 per ounce.