Revenues equal to 35.9 million dollars (-0.6% y/y).
Gold production for the quarter was 18,482 ounces, gold sold was 18,098 ounces at cash operating costs¹ of $1,089 per ounce of gold sold and overall support costs¹ of $1,510 per ounce of gold sold. Realized gold prices were $1,982 per ounce.
At year-end, the Company had cash and cash equivalents of $22.0 million.
In 2024, the Company expects Production levels at the Turmalina and Pilar mines will be in line with the fourth quarter of 2023. Faina is expected to contribute to production in the second half of the year, resulting in an increase in overall production compared to 2023 levels. overall sustaining costs¹ will improve throughout 2024, with increased production in the second half pushing unit costs per ounce down.