Reported 2025 net sales of $18.4 million, a significant decrease from $37.334 million in 2024. Achieved a net income of $0.4 million for 2025, a turnaround from a $2.042 million net loss in 2024. Gold production for 2025 was 5,236 ounces, down from 16,472 ounces in 2024. Total all-in sustaining cost (AISC) per gold ounce sold increased to $1,697 in 2025 from $966 in 2024. Cash balance at December 31, 2025, was $4.7 million, a substantial reduction from $27.1 million at the end of 2024. Paid $5.8 million in dividends in 2025, a 75% reduction from the previous year. Secured new mine permits for the County Line Project and Power Grid Project in late 2025, and for the Scarlet South Project in early 2026. Completed a $12 million private placement subsequent to year-end 2025 to fund new mine advancements and exploration. Entered a $40 million joint venture with Hawthorne Land & Minerals, LLC for the East Camp Douglas property, with Fortitude Gold retaining a 60% interest and operator status. Commenced construction of two new mines (County Line and Scarlet South) and is nearing connection of the Isabella Pearl Project to the power grid, expected to save $80,000 to $100,000 per month in energy costs.