Ascendant Resources Announces Free Cash Flow of $5.3 Million and Earnings of $0.07 Per Share in First Quarter 2018
Q1 2018 Highlights Include:
Tag: zinc
Ascendant Resources Announces Q1 2018 Production Results Highlighting Growing Metal Production With Improved Zinc Grades
Record contained metal production of 21.4 million ZnEq lbs, an increase of 9% over Q4 2017 and 57% over Q1 2017
•ZnEq grade of 6.1%, representing an increase of 15% over 5.3% ZnEq in Q4 2017 and 9% over Q1 2017
•Cash balance of US$13.1 million at March 31, 2018 vs US$8.0 million at year end 2017
•Quarterly tonnes milled of 186,955 vs 198,354 tonnes in Q4 2017 and 131,116 in Q1 2017
Ascendant Resources Almost Triples Contained Zinc in Mineral Reserves at El Mochito Extending Life of Mine Beyond 7 Years
TORONTO, April 10, 2018 (GLOBE NEWSWIRE) — Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) is very pleased to report the results of an updated Mineral Resource & Reserve Estimate for its El Mochito mine in Honduras prepared in accordance with National Instrument 43-101 and the CIM Standards. The new Estimate shows a material increase in both Mineral Resources and Reserves against the previous Mineral Resource and Reserve Estimates dated December 31, 2015, underscoring the mine’s long history of expanding and upgrading Mineral Resources. Highlights include the following:
Consolidating the Kootenay Arc: Margaux Resources
Gold, zinc, tungsten: Tyler Rice, CEO of Margaux Resources (V.MRL) has a true polymetallic property to explore. Located in South Eastern British Columbia, the Margaux properties follow the rich geology of the Kootenay Arc.
Margaux Resources Ltd. Advances Exploration Strategy; Completes Two Important Consolidations of Contiguous Lands, Projects and Mineral Tenures; Announces Amendment to Jersey Emerald Option Agreement
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to report that it has completed two significant consolidations of lands, projects and mineral tenures, to establish the Margaux Sheep Creek Gold District, and the Margaux Kootenay Arc Zinc District (collectively the “Districts”).
Green Spots on a Red Day
The Dow is crashing, well, actually, correcting. Bitcoin is under $7000 as I write.
Ascendant: Free Cash Flow in a Rising Zinc Market
For Ascendant Resources (T.ASND) , 2017 was an extremely successful turnaround year. The Company’s El Mochito zinc, lead and silver mine located in Honduras has been in continuous operations for 70 years but, over the course of recent years, suffered from underinvestment and some neglect from its previous operator. With its recently released 2017 full year production results and 2018 guidance, it is now clear Ascendant is well positioned to build on the strong operational successes of 2017 with tremendous long-term opportunity remaining at El Mochito yet to be fully harnessed.
CORRECTION: Ascendant Resources Reports Grades of Up to 19.3% Zinc, 15.0% Lead in Latest Exploration Drilling Results
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) today issues a correction to the drilling results reported within the January 18, 2018 press release, with the updated information presented below in Table 1.
Sierra Metals Reports 2017 Production Results and Announces 2018 Production, Cost, and Capex Guidance
UPDATE PROVIDED FOR OPTIMIZED CAPEX PROFILE AT YAURICOCHA VERSUS RECENTLY PUBLISHED NI 43-101 TECHNICAL REPORT
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report fourth quarter 2017 and full year 2017 production results, as well as 2018 production, cost, and capex guidance.