The company’s shift to owner-operator status—its first full quarter under this structure since 2019—saw a 42% increase in development metres and a 65% rise in longhole drilling. These operational improvements are designed to support a planned ramp-up toward 4,800 tonnes per day by year-end. While production dipped compared to the first quarter, management noted that newly developed mining areas are expected to improve performance in coming periods.

Financial results were bolstered by a 34% increase in Measured and Indicated Mineral Resources, adding 1.2 million ounces of gold. During the quarter, the Toronto-based miner also completed an Impact Benefit Agreement with the Biigtigong Nishnaabeg, graduated to the Toronto Stock Exchange, and maintained a safety record of three consecutive years without a lost-time injury. As of June 30, 2026, the company held $130.2 million in cash.