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Completed a 12-month recapitalization process securing over $1 billion, which management states fully funds Phase 1 and Phase 2 of the development plan.

Shifted corporate focus from balance sheet stabilization to asset execution following the redemption of legacy debt and high-cost financing obligations.

Resolved persistent water inflow issues at Granite Creek, enabling a transition to sulfide processing and a tripling of gold production from that site.

Advanced the 'hub and spoke' strategy centered on the Lone Tree facility, which is intended to process material from three distinct underground projects.

Achieved record quarterly revenue and gross profit driven by improved underground development rates and higher realized gold prices.

Initiated the largest drilling program in company history to support resource conversion and upcoming feasibility studies for the entire project pipeline.

Targeting a production increase from approximately 50,000 ounces in 2026 to between 150,000 and 200,000 ounces per year by 2028.

Lone Tree plant refurbishment is on schedule for a first gold pour by 2027, with 100% of project costs expected to be committed by fall 2026.

Archimedes underground production is expected to commence in Q4 2026 and ramp up through 2027, supported by favorable ground conditions.

Feasibility studies for all three underground projects and prefeasibility studies for two open-pit projects are scheduled for completion across 2026 and 2027.

Phase 1 and 2 projects are intended to generate sufficient free cash flow to internally fund Phase 3, which includes the Mineral Point open pit.

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A main transformer failure in January caused a one-week power loss and impacted underground development rates for approximately three weeks.

Net loss increased to $76 million primarily due to non-cash accounting impacts from fair value revaluations on derivative instruments tied to rising metal prices.

High-grade oxide material remains subject to a 57% payability factor, meaning the company effectively foregoes 43% of contained ounces per ounce sold.

Transitioned to US GAAP reporting in 2024, resulting in the expensing of all predevelopment and exploration costs until mineral reserves are officially declared.