Guanajuato revenue jumps 22% YoY
Q2 2024 produces 398,685 Oz of silver in 2Q Guanajuato Silver Company Ltd announce financial and operating results for the three month and six month periods ending June 30, 2024. The selected Q2 2024 (Three Month Period) Highlights are, Record revenue for the quarter of $20.5M representing a 16% increase over the previous quarter, and a 22% increase over Q2 2023. Consolidated revenue for the quarter was generated by a realized average price of $28.78 per silver ounce, $2,334 per gold ounce, $0.98 per pound of lead, and $1.29 per pound of zinc. Positive mine operating income of $947,433. During the quarter, the Company posted its first ever positive income from mining operations. Positive EBITDA of $2,007,907 represents the first positive EBITDA reported by the Company and demonstrates improving cash flow from mining operations. EBITDA showed a notable $6.5M improvement from the previous quarter. Adjusted EBITDA was also positive at $1,916,933 for the quarter. During the quarter, the