Ascendant Resources Announces Positive Free Cash Flow for Q4 2017 and Provides 2018 Guidance
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017
Tag: Honduras
Ascendant Resources Continues Normal Operations at El Mochito Post Honduras Elections
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) reports that operations at its El Mochito mine in Honduras are continuing normally despite uncertainty following the General Elections held on Sunday, November 26, 2017. Since this date, uncertainty regarding the outcome of the election for President, where vote counting remains ongoing, has resulted in demonstrations in various parts of the country and the imposition of a 10-day general curfew by the national government as of Friday, December 1.
Ascendant Resources Announces Fourth Consecutive Month of Positive Adjusted EBITDA in October
Adjusted EBITDA1 of $1.3 million in October Milled production increased to 2,184 tpd; up 67% year to date
New fleet arrivals to drive production growth in Q4 2017 and 2018
Ascendant Resources to Release Third Quarter 2017 Results on November 13, 2017 and Host Conference Call
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) announced today that it plans to release its third quarter 2017 results after the market close on Monday, November 13, 2017. Management will host a conference call on Tuesday, November 14, 2017 at 10:00 am EST.
Ascendant Resources: Turning around a Honduras Zinc-Lead-Silver Mine
Ascendant’s (T.ASND) El Mochito zinc-lead-silver mine is located in northwest Honduras and has been in continuous operations for over 70 years. As Ascendant CEO Chris Buncic puts it, “The El Mochito mine is a turnaround story and we are happy to report that the turnaround is near completion.”
Ascendant Resources Provides Third Quarter and September Production Update
Milled production for Q3 increased by 17% against Q2 2017 averaging 1,934 tpd; September milled production increased by 8% versus August 2017 averaging 2,055 tpd
Continued High-Grade Intersections From Ongoing Drilling Confirms Ascendant Resources’ Higher Potential Mining Grade and Tonnage Theory at El Mochito
•ZnEq grades proving to be consistently above current mining grade- Key Highlights*: (true and apparent widths):
Infill Holes
GLEN EAGLE PRODUCED 223 OUNCES OF GOLD AND 1305 OUNCES OF SILVER
Glen Eagle Resources Inc. (Montreal, Quebec, August 23, 2017; TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to report that Cobra Oro, a wholly owned Honduran subsidiary of Glen Eagle, has produced 223 ounces of gold and 1305 ounces of silver, representing approximately $CDN 380 000 in dore bars between July 1 and August 15, 2017. The cash flow after consideration of All-In Sustaining Cost (“AISC”) was approximately $CDN 150 000 for the period. These results represents an important turnaround from Q2 2017 where the Company sold $285 000 in dore bars due to aggressive upgrading works at its CIL gold plant as previously reported in a News Release dated June 15, 2017.