Q: Can you comment on today's earnings report. Thanks
5i Research Answer:
EPS of 5.2c beat estimates of 3.2c; revenue of $64.0M beat estimates of $43.7M. EBITDA of $43.6M was well ahead of estimates. 22,750 ounces of gold were sold, up from 17,420 last year. Revenue nearly doubled with higher gold prices. Net income nearly tripled. Cash is $24.7M. High grade ore shoots are continuing to help results. Guidance calls for 85,000+ ounces this year with all-in costs of $800 to $1,000 per ounce. We would consider it a solid quarter.