The light at the end of the tunnel Gross profit of $40.2 million was 69% higher than $23.8 million from the prior year
Net income of $38.3 million, or $0.04 per basic and diluted share, compared to a net loss in 2022 of $152.2 million
Adjusted net loss of $2.5 million, or $0.00 per share, compared to an adjusted net loss of $22.4 million
Cash and cash equivalents of $83.8 million and net debt of $128.7 million as at December 31, 2023
Cost of sales per gold ounce sold of $1,722, cash cost per ounce of $1,434 and AISC per ounce of $1,722 were all lower than the prior year
During November 2023, the Company closed the sale of an additional 1.0% net smelter return ("NSR") royalty on its Magino mine for $28.0 million to a subsidiary of Franco-Nevada Corporation