Elevation Gold Mining Corporation (TSE:ELVT) has released an update.
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Elevation Gold Mining Corporation has reported a total revenue of $66.4 million for the year ended December 31, 2023, marking a 7% increase from the previous year with the production of over 31,000 ounces of gold and 202,000 ounces of silver. The company faced challenges in the fourth quarter that affected their production and financial results but still saw an income of $12.5 million from mine operations before depreciation and depletion. Despite a disappointing first quarter in 2024, Elevation Gold anticipates improved production in the second quarter, buoyed by strong gold prices and operational enhancements.
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