Liberty Gold Announces Fiscal Year 2024 Results: A Look into the Company’s Financial and Operational Performance
VANCOUVER, British Columbia, March 25, 2025 – Liberty Gold Corp. (TSX: LGD, OTCQX: LGDTF) (“Liberty Gold” or the “Company”), an emerging precious metals producer, is thrilled to share its financial and operational achievements for the fiscal year ended December 31, 2024.
Financial Highlights
During the fiscal year 2024, Liberty Gold recorded significant financial milestones:
- Total revenue of $125.3 million, an increase of 41% compared to the previous fiscal year
- Adjusted EBITDA of $52.6 million, a 55% year-over-year improvement
- Net income of $23.5 million, compared to a net loss of $1.5 million in the previous fiscal year
- Cash flow from operating activities of $51.2 million, an increase of 72% compared to the previous fiscal year
Operational Highlights
The Company’s strong financial performance was driven by its successful mining operations:
- Produced 125,000 ounces of gold, a 30% increase compared to the previous fiscal year
- Achieved record quarterly gold production of 41,000 ounces in Q4 2024
- Maintained a robust all-in sustaining cost (AISC) of $884 per ounce
- Advanced exploration projects, including the Black Pine Project in Idaho, with promising drill results
Impact on Individuals
The financial and operational success of Liberty Gold may have a positive impact on individuals in several ways:
- Shareholders: The strong financial performance and increased production may lead to higher dividends and share prices
- Employees: A profitable company may offer better job security and opportunities for career growth
- Local Communities: The Company’s success contributes to the local economy through employment, taxes, and community investments
Impact on the World
The gold mining industry, including Liberty Gold, plays a role in the global economy:
- Supply and Demand: The increase in gold production from Liberty Gold and other mining companies may help meet the growing demand for precious metals
- Economic Stability: Gold is often considered a safe-haven asset during economic uncertainty, making its production essential
- Environmental Considerations: Liberty Gold and other companies are investing in sustainable mining practices to minimize environmental impact
Conclusion
Liberty Gold’s financial and operational achievements during the fiscal year 2024 demonstrate the Company’s potential as a leading precious metals producer. The positive impact on individuals, from shareholders to employees, and on the world, including the global economy and the environment, underscores the importance of the gold mining industry. As Liberty Gold continues to advance its projects and grow, it sets a strong foundation for future success.
Stay tuned for more updates from Liberty Gold and the gold mining industry. For more information, please visit the Company’s website at www.libertygold.com.
