Robex Resources Inc. Generated Cash Flow From Operating Activities of $11.3 Million in the First Quarter of 2018 for Revenues of $20.6 Million
QUEBEC CITY, May 30, 2018 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" and / or "the Company") (TSX-V:RBX) (FRANKFURT:RB4) is pleased to publish their financial results for the quarter ended March 31, 2018.
All amounts are in Canadian dollars.
Highlights for the first quarter of 2018
(Compared to the same period in 2017)
INCREASE OF IN GOLD PRODUCTION OF 54%
Gold production of 11,989 ounces (372.9 kg) compared to 7,771 (241.7 kg) ounces for the same period in 2017
INCREASE IN SALES (REVENUES) OF 66%
Gold sales of $20.6 million compared to $12.4 million for the same period of 2017
INCREASE IN OPERATING INCOME BY 56%
Operating income of $6.9 million compared to $4.4 million for the same period in 2017
INCREASE IN ADJUSTED NET RESULTS ATTRIBUTABLE TO SHAREHOLDERS
Net income attributable to equity shareholders2 of $4.8 million or $0.008 per action2 compared to $2.7 million or $0.005 per action2 for the same period in 2017
INCREASE IN CASH FLOWS FROM OPERATING ACTIVITIES
Cash flows from operating activities1 of $9.6 million or $0.017 per action2 compared to $5.1 million or $0.009 per action2 for the same period in 2017
DECREASE IN TOTAL COST
OF $26 PER SOLD OUNCE
Total cash cost2 of $638 per ounce sold compared to $664 per ounce sold for the same period in 2017
DECREASE IN THE COMPANY'S LIABILITIES OF $2.2 MILLION
Decrease in the Company's liabilities of $2.2 million compared to December 31, 2017
INCREASE IN EQUITY OF $9.2 MILLION
Increase in value to the shareholders (book value) of $9.2 million compared to December 31, 2017
Mining operation: Nampala, Mali
|First quarters ended March 31,|
|Ore mined (tonnes)||491,342||270,721|
|Ore processed (tonnes)||445,226||359,945|
|Waste mined (tonnes)||1,047,870||616,567|
|Operational stripping ratio*||2.1||2.3|
|Head grade (gpt)||0.93||0.93|
|Gold ounces produced||11,989||7,771|
|Gold ounces sold||11,989||7,548|
|(rounded to the nearest thousand dollars)|
|Revenues - Gold sales||20,573,000||12,405,000|
|Mining operation expenses||6,973,000||4,718,000|
|Depreciation of property, plant and equipment and amortization of intangible assets||2,906,000||1,597,000|
|Segment operating income||8,473,000||4,980,000|
|(in Canadian dollars)|
|Average realized selling price per ounce||1,716||1,643|
|Cash operating cost per tonne processed3||14||14|
|Total cash cost per ounce sold3||638||664|
|All-in sustaining cost per ounce sold3||1,019||945|
|Administrative expenses per ounce sold||129||108|
|Depreciation of property, plant and equipment per ounce sold||242||212|
ROBEX'S MD&A and the consolidated financial statements are available on the Company's website in the Investors section at: Robexgold.com. These reports and other documents produced by the Company are also available at Sedar.com.
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex's control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavourable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 Cash flows from operating activities exclude changes in non-cash working capital items.
2 Operating cash flows per share, total cash cost, all-in sustaining cost and adjusted net income attributable to equity shareholders are non-IFRS financial performance measures with no standard definition under IFRS. See the "Non-IFRS Financial Performance Measures" section of the MD&A, on page 24.
3 Cash operating cost, total cash cost and all-in sustaining cost are non-IFRS financial performance measures with no standard definition under IFRS. See the "Non-IFRS Financial Performance Measures" section of the MD&A, on page 24.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Robex Resources Inc. via Globenewswire
Om Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
+1 212 401 8700http://www.nasdaqomx.com
NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.
Følg saker fra Nasdaq GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Nasdaq GlobeNewswire
Bombardier Transportation confirms Bangkok Mass Transit System Public Co. Ltd. (BTSC) as the previously undisclosed customer for 20-year maintenance services contract in South-East Asia22.10.2018 14:00 | Pressemelding
This long-term maintenance services contract for its INNOVIA monorail 300 system, continues Bombardier’s growth story in services Bangkok’s first monorail lines will transport over 400,000 passengers daily BERLIN, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Note to editors: To view the photo associated with this press release, please visit the following link: http://www.globenewswire.com/NewsRoom/AttachmentNg/a9519948-e13b-4941-a2e7-7e088530f92f Mobility technology leader Bombardier Transportation announced today that Bangkok Mass Transit System Public Co. Ltd. (BTSC) is the previously undisclosed customer that signed a contract for 20 years of maintenance services. The services will be provided for the BOMBARDIER INNOVIA monorail 300 systems in delivery for Thailand’s first two monorail lines: the Bangkok pink and yellow lines. The order was announced by Bombardier on July 6, 2018 and is valued at approximately 245 million euro ($287 million US). Commenting on the order, Khun Keeree Kanjanapas,
INVEX partners with Ondot to Launch the First Instant Digital Card in México22.10.2018 14:00 | Pressemelding
Solution accelerates digital transformation, acquisition and use of payment methods in México Santa Clara, California and Mexico City, Mexico, Oct. 22, 2018 (GLOBE NEWSWIRE) -- INVEX (BMV: INVEX A) Credit Card business, the only monoliner specializing in payments and cobranded cards, with focus on 100% digital customer experience in Mexico, has partnered with Ondot, the global leader in mobile payments services, to deliver full card life-cycle management associated with the ‘Instant Card’ on a single platform. The digital card services solution creates an end-to-end customer journey -from product presentment, selection, digital acquisition to instant issuance and secure payments. Conversational platforms are becoming the new digital banking user interface. As consumers spend more time on messaging apps, IoT devices and social media, they require similar solutions from their financial institutions. INVEX solution is built on Ondot’s mobile card services conversational platform and creat
Spartan Essential Turn-Key Design Significantly Reduces Time-to-Market for Equipment Manufacturers22.10.2018 14:00 | Pressemelding
Compact Design with Exceptional Wi-Fi Performance SAN JOSE, Calif., Oct. 22, 2018 (GLOBE NEWSWIRE) -- Quantenna Communications, Inc. (NASDAQ: QTNA), the innovator and global leader of high-performance Wi-Fi solutions, has introduced Spartan Essential, a fast to market turn-key design to address multiple consumer Wi-Fi applications such as mesh, access point for wired extenders and simple boosters for upgrading existing gateway wireless LANs. This new compact product eliminates the need for lengthy feature developments, testing and qualification by Original Equipment Manufacturers (OEMs), Original Design Manufacturers (ODMs) and software integrators. Spartan Essential is a complete turn-key design that uses Quantenna’s award-winning QSR1000 Wave 2 chipset solution and supports dual-band dual-concurrent 4x4 802.11ac and 2x2 802.11n. The Spartan Essential design offers the following advantages: Compact and aesthetic industrial design High-performance internal antennas Single PCB design fo
Benchmark Makes Two New Discoveries and Awaits Assay Results22.10.2018 09:01 | Pressemelding
EDMONTON, Alberta, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Benchmark Metals Inc. (the “Company” or “Benchmark”) (TSX-V: BNCH) (OTCQB: CYRTF) (GER: A2JM2X) (FKT: A7CA) – is pleased to announce completion of the field exploration program at the Lawyers Gold & Silver Project, located in the Golden Triangle region of British Columbia, Canada. CEO John Williamson commented, “The field program generated exceptional surface results including 220g/t gold and silver grades that exceeded laboratory detection levels at over 10,000g/t from rock samples. Benchmark crews surpassed total planned meterage and appear to have intersected significant mineralization on a program that was based on shallow, near surface drilling. We now have a better understanding of this large hydrothermal package that has already provided two new discoveries and we anticipate favourable assay results from step-out, infill and extension drilling on existing zones. In addition, the sampling of historical core is already showing p
TESARO Announces Data Presentations at ESMO 2018 Congress20.10.2018 07:30 | Pressemelding
Data presented indicate that TSR-042 (anti-PD-1 antibody) is well tolerated and has robust activity in patients with MSI-H endometrial cancer PRIMA safety data for individualized niraparib dose regimen presented Top-line results for PRIMA trial of niraparib in first-line ovarian cancer regardless of biomarker status expected in late 2019 MUNICH, Germany, Oct. 20, 2018 (GLOBE NEWSWIRE) -- TESARO, Inc. (NASDAQ: TSRO), an oncology-focused biopharmaceutical company, today summarized updated Phase 1 GARNET data of TSR-042 (anti-PD-1 antibody) in patients with recurrent or advanced microsatellite instability high (MSI-H) endometrial cancer presented during the European Society for Medical Oncology (ESMO) Congress. Blinded, pooled interim safety data from the Phase 3 PRIMA trial of niraparib in patients with first-line ovarian cancer regardless of biomarker status were also presented in a poster discussion session and additional data from the QUADRA trial of niraparib for treatment of late-li
The Navigators Group, Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger19.10.2018 22:01 | Pressemelding
STAMFORD, Conn., Oct. 19, 2018 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) (“Navigators” or the “Company”) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with its previously announced merger with a direct wholly owned subsidiary (“Merger Sub”) of The Hartford Financial Services Group, Inc. (“The Hartford”), expired at 11:59 p.m. Eastern Time on October 18, 2018. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the merger, which remains subject to other closing conditions in the Agreement and Plan of Merger, dated as of August 22, 2018, by and among the Company, The Hartford and Merger Sub. About Navigators The Navigators Group, Inc. (NASDAQ: NAVG) (“Navigators” or the “Company”) is a global specialty insurance holding company. We provide customized insurance solutions designed to protect clients from the complex risk
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom