The company’s year-over-year production jump reflects a full quarter of output from the Kolpa mine in Peru, which was acquired in early May 2025. While this acquisition bolstered overall figures, performance at the Guanacevi mine in Mexico faltered. Guanacevi’s silver production dropped 30%, a decline management attributed to a 35% reduction in silver grades that could not be fully compensated for by increased throughput.

Gold production followed a mixed trajectory, rising 35% overall to 10,474 ounces, bolstered by the addition of the Terronera project. This gain masked a 21% decline in gold output at the Guanacevi site, highlighting the company's growing reliance on new asset integrations to maintain consolidated growth levels.