MD&A August 14As at the date of this MD&A, a total of approximately 5,500 tonnes of previously stockpiled material has been hauled to the Craigmont milling facility.
For the six-month period ended June 30, 2024, net loss amounted to $8,227,319, compared to a net loss of $1,606,196 in 2023. For the three-month period ended June 30, 2024, net loss amounted to $3,148,406, compared to a net loss of $899,622 in 2023. The increased net loss is primarily due to an increase in exploration and evaluation expenditures as the Company continued progress towards production at Bralorne. The Company also recognized an income tax recovery of $318,000 (2023 - $1,951,000) upon renunciation of flow-through expenditures with the Canada Revenue Agency.