Shares rose 5.6% following Q2 results that highlighted significant year-over-year growth in revenue and gold equivalent ounces sold, driven by a materially enhanced asset base and strategic acquisitions.
- Q2 revenue nearly doubled from the prior year to approximately $24 million, with adjusted EBITDA increasing close to 100% to $17.4 million.
- Gold equivalent ounces sold reached 5,250, up 65% year-over-year and at the higher end of guidance.
- The company’s cornerstone asset base expanded markedly, with average value increasing from $40 million to $170 million following major acquisitions.
- Operating cash flow hit a record $15.5 million, supporting ongoing capital allocation initiatives including dividends and share repurchases.
- Growth initiatives included credit facility upsizing and cost reduction, index inclusions, and the pending Vizsla Royalty acquisition awaiting antitrust approval.
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