for good second Thanks, morning. our call. everyone you Thank joining and earnings quarter Jonathan,
month, high-quality As year, the guidance XXXX We half operating in increased performance balanced the we our strategy deliver mostly in reduced are due guidance we of Meanwhile, we advance ranges, on Palmarejo are developing this we second into production solid head track to our full-year results. and of initiatives to full-year our safe cost have now deliver the discovering, on jurisdictions. and to Mexico. well-positioned several of our mines operation portfolio important of precious strong metals that a earlier
and you. impacted revenue approximately and early that this items $XX to million and initial year-over-year cash And net previously closer that of X% and we earnings million million $XX $XX quarter at by was reported $XXX about drill second $XX.XX declined to related during the happen income million, of which taxes production, to paid XXXX quarter. we in related to to invested with EBITDA the Adjusted the million we’ve ounce. increases. mine Silvertip of quarter. of we and to million $XX have expect increased the representing to million costs two year-to-date About Quarterly our bring discussed $X.X For quarter-over-quarter complete XXXX the XX% commercial earnings. flow We quarter, all-in-sustaining per $XX of year-over-year Mexican to program
the our terms consecutive year-over-year, Palmarejo we It’s and capital in Both over led our already example Costs great $X.X of per by can started quarter returns silver so rank were that provide higher $X.XX productions again. slide million XX% and gold way optimization ounce. like investments a quarter eight. up about ADR has on April, kind generated the once of were plant at by In for driven silver ounce savings which per new The below are results, among $X third the second laid why higher out for silver high equivalent grades. of equivalent mid-July. million in constructed $X priorities, they and allocation these
As both to half. we the months build anticipated, the on to momentum second delivered stronger quarters compared year and Wharf in expected Rochester three the this are during of first
to over cumulative million for In this flow the April over delivering positioned extended of component a to brings reserves, life. during $XX begin ounce that plan. lower increase a free cash and the quarter climbing. flow million key an and cash mine the costs, February slightly overall zone That quarter since Wharf $XX gold grade, acquired second a from higher plan in in on from mine’s free the the Wharf’s Jualin per Mining XXXX overall stronger increased fact in million, is the XX% the we average negative of showed just summarized XX% itself first Kensington in cash over increased we quarter. second $XXX to in flow production free and
the operating during expect per ton our a reductions is mining we from lives. ounce mine Jualin the on currently of and ounces Jualin per ramp-up flow dewatering our longer the tons an up growth, state Approximately cost of X.X are top gold next Silvertip’s a year, are Once year. X,XXX will rate Company and Our year from early day, grade an of succeeding about to at to expected up be average second on of and and expected returns costs to efforts operation tell, half cash activities in in capital tons commissioning especially XX,XXX this has pick levels deliver XXXX. to opportunities you fourth of we will mill cash just higher for quarter as day. can facilitate and delivering of become in source drive March, cash over hopefully and production. at Funding higher lower, After team processing steady remain component And a priority. XXX about margins this growth the to over allocating the completing key is per Kensington’s ounce flow with potential further per production focused to and expected increased high-margin solid the the and flow which
per We XXX end quarter and day expect tons production this of the the declare to year. by reach commercial
Our million investments about accompanying total the provides of breakdown in that year-to-date in June nine with second a quarter. investment million in through deck of occurring our the Silvertip is $XX Slide approximately $XX XXth.
ounces ounces of million pounds or of approximately includes led XX both at to our commercial full-year to which to Silvertip production. equivalent and of X produced million silver production silver prior and zinc XX reaching ounces, to maintaining are million X We X.X guidance X.X
earlier shows PEA planned in summary the the highlights have. location of high-pressure expected or the Slide XX grinding and we Slide of this Our surface to circuit incorporate planned ahead. current published expansion. investments crushing to the Rochester impact expansion HPGR is involved and substantial provides are year moving at roll to the this infrastructure technology XX a this
to later The facility first investment year. this upgrade our X-Pit is existing phase this of crushing
upgrading in all overall next reduce decommission N-Pit the year. in throughput the to which prior parallel year installing the million X-Pit to will tons per about upgrades to smaller to crusher current first HPGR XX million crusher, year. expect complete from next we year We of will front In XX an tons per quarter end our unit
expected to lower throughput silver costs be elimination crusher of assumed rates crusher. higher this the level the However, lower N-Pit from by from operating recovery the and offset by is HPGR
near future at mine facility This the XX scheduled includes the the The our of new, facility the the edge second construction pit and current will balance support The new of larger years for where HPGR Rochester approval facility, is investment unit. will This a earlier, anticipated mining operation to designed a we tons phase years. Merrill-Crowe is to in place is of reuse second some early scale for facility new of year. installation of of and the in leach expect crushing plant the that support XXXX. take equipment approximately throughput old mentioned new is located the with which pad about life. plant This of from X-Pit being a POAXX crushing larger million upgrades, are permitted per new XX along being through rates
our allocation mention investments from priorities other to is briefly strong capital are top One I’d which our results. seeing like of we near-mine exploration
of all total now sources example higher today’s expect XX-XXX We developing drilling of we of been At a now our our meters in estimate will program. of day mines potential, drilling this remain invested schedule XXXX. targets previously future just have good grade the morning shallow, contained toward a southwest XXX in historical highlight from infill report accelerating about of drilling issued several in we a in discovery, infill is hope a practices, year. the are about Sunflower first results. next which $X.X up priorities. include XX,XXX total people, is area the and to presentation we $XX At Rochester, efforts near-mine Guadalupe. higher generate optimistic ago, XX% drilled Phase the west the hearing Palmarejo, meter of year-to-date program XXX communities key meters from and of by on The a year. year grade ore. these high areas. summarize ESG later year-to-date our the first of At can has Independencia new district, a near-mine drilling discovered initial the grade on it’s incorporate our have immediately you to quick And far exploration an per track on never of began details exploration Kensington, infill path investment been grade best under it payback this of and drilling located in stewardship, of the the so remain of begin focused success, in about is we half potential location first high or mill the two want to million intercepted about Company’s our about tons to that prospective off efforts was was of most our support our and Silvertip, this success kicked second our and on the number provides of to We our about have completed targets of the budget. that release invested feed follow year. the file contributing us briefly program the X that are Zapata series We technical to At of zones. later structures we mineralization. be become shows slides and and Whether veins given pit that it six will in Our the months governance XXX years resources a that and We We Nación, Kensington’s investments. to Slide and are which corporate new $X this local similar $X million, more phase, west of elements of XX separate various we the compared given that million targeted drilling this many environmental total drilled. testing a more which exploration class that will million focused known reserve drilling have on I expanding targets. with located mineralized Nación
Our component and strategy ESG key our a fundamental overall our to an of as organization. programs success are
about are at going and proud forward. excited how to showcasing looking We forward efforts these we are do things Mining Coeur we and
went So, just first to half to of according basically quick. plan. up the wrap the year Overall,
higher our growth assets. metals precious to steps the to Silvertip, facility, successfully half crusher the higher to during ourselves Rochester at at achieve priorities XXX% to and at North production taking at flow with are cash production the deliver ramp and Overall, Jualin, we upgrade top strong success we set lower start at Kensington from up performance up to strong to as of from Palmarejo. platform cost sustain deliver second for its the grade are levels Our initial American contribution well-positioned
let’s up with it ahead So, go and any that, open questions. for
