Fourth quarter production was 824,529 silver ounces and 9,075 gold ounces for 1.6 million silver equivalent production ounces.

Q4 2024 Overview

• Production At Higher End of Updated Guidance: Lower Guanaceví production from August to December due to a trunnion failure of the primary ball mill. Production resumed to full capacity in December and Q4 2024 production amounted to 718,797 silver ounces and 2,622 gold ounces.
• Bolañitos Provides Strong Results: With throughput remaining steady, silver equivalent oz produced were in line with plan. Gold production remained above plan, driven by higher gold grades. Conversely, silver production remained below plan due to lower silver grades.
• Metal Sales and Inventories: Sold 654,519 silver oz and 8,343 gold oz during the fourth quarter. A total of 276,477 silver oz and 1,220 gold oz of bullion inventory and 4,216 silver ounces and 296 gold oz in concentrate inventory were held at year end.
• Bought Deal Financing of US$73 Million: Proceeds to be used for general working capital and the advancement of the Pitarrilla Project