Alexander Terentiew's questions to CXBMF leadership • Q4 2024
Question
Asked about Nicaraguan operations, including potential production seasonality, the drivers behind the strong year-to-date performance, and the reason for the significant increase in cash balance despite ongoing capital spending at Valentine.
Answer
Nicaraguan production is not expected to have seasonal variations. The strong start to 2025, with production up 15%, is driven by both higher tonnes and grade, and the company is confident in its full-year guidance. The recent increase in cash is attributed to the timing of spending and the company's overall strong financial position, which ensures Valentine's initial capital is fully funded.