Management29 Jan 2026 08:49
Perhaps if yesterdays results were in the same format as last years then the share price may have been better when they could see how much money they were making
Here is extract
The average realised gold and silver prices increased 25.3% and 21.7% vs 2023, respectively. The average realised zinc price also increased 8.7% year-on-year, while the average realised lead price decreased 2.7%. These variations, combined with the increase in the volumes of all metals sold, and lower treatment and refining charges, are expected to result in an increase in Revenues of between 25-35% vs 2023.
The cost reduction initiatives across our mines, and to a lesser extent, the positive effect of the devaluation of the Mexican peso against the US dollar during the second half of the year which resulted in a 3% average devaluation of the Mexican peso against the US dollar across the full year, is expected to have a 2-3% reduction in the Group's consolidated adjusted production costs when compared to 2023.
As a result, Gross profit is anticipated to be within the range of US$1.2-1.3 billion, up more than 135%. Profit from continuing operations is expected to be further benefitted by the lower administrative, corporate and exploration expenses and increase to a range of US$930-950 million in 2024, up more than 500%.
Free cash flow[4] is estimated to be within the range of US$820-US$850 million, with expected cash and cash equivalents at year end amounting to US$1.2-US$1.3 billion.
Extraordinary non-cash items