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Almonty Achieves Positive EBITDA of $10,243,000 from Mining Operations and Net Income of $0.04 Per Share in Q1 of FY 2019

Nachrichtenquelle: Business Wire (engl.)
14.02.2019, 20:20  |  770   |   |   

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three months ended December 31, 2018. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.

The following financial information is for the three months ended December 31, 2018 and 2017:

  Three Months   Three Months
Ended Ended
31-Dec-18 31-Dec-17
    $'000   $'000
Gross Revenue 16,412 10,767
Mine production costs 8,845 7,814
Impairment recovery (4,150) -
Depreciation and amortization 1,474   2,272
Earnings (loss) from mining operations 10,243 681
 
General and administrative costs 1,834   1,982
Earnings (loss) before the under noted items 8,409 (1,301)
 
Interest expense 648 617
(Gain) Loss on debt settlement (1,015) -
Foreign exchange (gain) loss 1,411 233
Tax provision   108   -
Net income (loss) for the period   7,257   (2,151)
Income (loss) per share basic   $0.04   ($0.01)
Income (loss) per share diluted   $0.04   ($0.01)
Dividends   -   -
 
Cash flows provided by (used in) operating activities 1,630 (2,093)
Cash flows provided by (used in) investing activities (1,587) (1,357)
Cash flows provided by (used in) financing activities   386   2,712

The following financial information is as at December 31, 2018, and September 30, 2018:

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