Q1 results out! EPS met: est 0.01, actual 0.01
Revenue met: est 93m, actual 93m
Everything is in line and on track with 2023 guidance. I don't mind a small pullback so I can add more.
•Per ounce sold unit costs impacted by non-cash inventory write-down leading to a cost increase of ~$259 per gold ounce
• Cost of sales, cash cost and all-in sustaining costs are expected to be in-line with full year 2023 guidance with Magino’s first gold pour planned for the second half of May
• Revenue and gross profit declined due to the scheduled wind down of Mexican operations
• Net loss and operating cash flow** declined due to lower gross profit