Strong Cash Position
Total cash on hand grew to $116.5 million, with total liquidity now over $150 million, largely driven by strong cash flow from Peak and Dargues.
Operational Performance
Peak mine had a strong finish to the quarter with over $25 million of cash flow, contributing to $37 million for the year. Dargues also performed well with $10.2 million in cash flow for the quarter.
Exceptional Exploration Results
Exploration results at Federation were exceptional, with high-grade mineralization and promising assays. This opens up potential for further exploration and development.
Improved Safety Performance
Safety performance improved with fewer injuries this quarter, although it remains a focus area for further improvement.
Operational Cost Reductions
Mining unit costs per tonne reduced from $134 to $120 per tonne from the previous quarter.