The stock gained modestly (+2.2%) as investors digested operational progress and ongoing infrastructure upgrades, though the market remained cautious without a clear catalyst to push shares materially higher.
- Consolidated silver production was approximately 665,000 ounces in Q2, supported by a 26% year-over-year increase at Cosala.
- Revenue rose 71% year-over-year to $46.3 million, with the first half 2026 revenue totaling $114 million, up 126% from prior year.
- Cosala cash costs improved to $16.91 per ounce, benefiting from higher grades and copper byproduct credits.
- Galena Phase 2 shaft upgrades doubled hoisting capacity to a sustained 85 tonnes per hour, supporting planned production growth.
- Resource conversion drilling showed promising silver grades 2-3x higher than previous resource estimates, potentially boosting reserves in 2027 mine plans.
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