Cost IncreaseCash costs and all-in sustaining costs (AISC) per GEO sold at the Fox Complex increased to $1,588/GEO (+28% YoY) and $1,874/GEO (+37% YoY), respectively.
Investment LossThe firm’s net loss for the quarter was primarily driven by a $16.8M loss related to the firm's investment in McEwen Copper.
Production ShortfallProduction of 7,486 GEOs at the Fox Complex came in below expectations due to lower than anticipated grades.