RE:Q3 results on sedar.comSummarized Financial Results
RESULTS OF OPERATIONS
For the nine-month period ended September 30, 2024, net loss amounted to $11,658,738, compared to a net loss of $4,818,281 in 2023. For the three-month period ended September 30, 2024, net loss amounted to $3,485,907, compared to a net loss of $3,212,085 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 Age