Cost IncreaseCash costs see an increase as the Mexican Peso weakens, with consolidated cash and all-in sustaining costs reaching $15.17/SEO (+7% YoY) and $21.03/SEO (+6% YoY), respectively.
Production DeclineThe company produced 21.7M silver equivalent ounces, representing a 14% decrease YoY, driven by a 21% YoY decrease in gold ounces and an 18% decrease in silver production.
Production ShortfallSilver production of 2.4Moz was below the 2.9Moz forecast, primarily due to lower grades at San Dimas.