Wainwright & Co., LLC (the “Agent”), which was entered into in November 2019 (the “ATM Agreement”), pursuant to which the Agent agreed to act as the Company’s sales agent with respect to the offer and sale from time to time of the Company’s common stock having an aggregate gross sales price of up to $75.0 million was renewed in June 2023.Ģ023 Capital and Exploration Investment Summary The Company’s At The Market Offering Agreement with H.C.(See Item 2-Management’s Discussion and Analysis of Financial Condition and Results of Operations – Non-GAAP Measures below for a reconciliation of non-GAAP measures to applicable GAAP measures). Although the year-to-date total cash cost after co-product credits of $979 and total AISC after co-product credits of $1,551 are within guidance, the strengthening of the peso and lower zinc prices may result in needing to revise the full year guidance later in the year. Total cash cost after co-product credits for the quarter was $1,333 per gold equivalent (“AuEq”) ounce and total all-in sustaining cost (“AISC”) after co-product credits for the quarter was $1,990 per AuEq ounce.We are pleased to report that we continue to have encouraging drill results from our underground exploration program at DDGM with the goal to increase the average grade of our life of mine resources and that of our 2024 mine plan.” To offset these factors, we continue to identify and implement opportunities for other cost reductions and operational efficiencies. “Factors that are out of our control and affect our bottom line include a strengthening Mexican Peso to the US dollar, increased local power costs and lower metal prices for our co-product metals of copper, lead and zinc. “While our quarterly results are lower when compared to last year’s environment of higher base metal prices, our operational results to date remain in line with our 2023 mine plan and guidance,” stated Allen Palmiere, President and CEO for the Company. Activate your Online Access Now Article content If you are a Home delivery print subscriber, unlimited online access is included in your subscription.
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