This company 100% owned San Martin mine (Mexico) has been in operation since 1993, producing over 690 Koz gold equivalent (AuEq). We believe the project’s remaining resources/reserves can support another 10 years of production. This mine generated $9M in operating profit, at cash costs of US$1,239/oz in FY2022 (year- ended April 2022). We are expecting operating profit to average $8M/year in FY2023 and FY2024.
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