Financial Data and Key Metrics Changes - For the full year 2024, revenue increased to $100.2 million, up 5% from $95.2 million in 2023, driven by higher realized metal prices with silver averaging $28.13 per ounce and zinc at $1.26 per pound [26] - Consolidated attributable silver production was 1.7 million ounces, with approximately 3.7 million ounces of silver equivalent, including 31.5 million pounds of zinc and 15.8 million pounds of lead [26] - The company reported a net loss of $48.9 million for 2024, compared to a net loss of $38.2 million in 2023, primarily due to higher cost of sales and increased exploration costs [27] Business Line Data and Key Metrics Changes - The Galena Complex produced about 300 tonnes per day in 2024, significantly below its peak production of 600 tonnes per day in 2002, with a target to ramp up to 1,200 tonnes per day [18][19] - Cosalá operations delivered production of 2.4 million silver equivalent ounces, approximately 900,000 ounces of silver at a cash cost of $11 per ounce and an all-in sustaining cost of $21.48 per ounce [20] Market Data and Key Metrics Changes - The company expects to realize approximately 80% of its revenues from silver as production increases from higher-grade zones at both Galena and Cosalá [23] - The company has institutionalized over 50% of its shareholder register, a significant achievement compared to previous efforts [31] Company Strategy and Development Direction - The company is focused on unlocking the full potential of the Galena Complex through operational improvements and new equipment [10][11] - A substantial debt financial facility is being pursued to strengthen the balance sheet and provide financial flexibility [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the silver market, describing it as a strong bull market with significant growth potential [5][37] - The company is confident in increasing silver production steadily as it progresses with the EC120 project at Cosalá, which has already contributed $3.7 million to revenue in 2024 [28] Other Important Information - The company has ordered five new pieces of equipment to enhance safety and productivity [11] - An internal trade-off study is being conducted to establish the optimal path to ramp up mining operations [12] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session [39]