Business
Almonty Achieves Positive EBITDA from Mining Operations(1) of $12,702,000 And Net Income of $0.04 Per Share in Q3 of FY 2018
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unau
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--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 and nine months ended June 30, 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 and nine months ended June 30, 2018 and 2017: Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended 30-Jun-18 30-Jun-17 30-Jun-18 30-Jun-17 $ '000 $ '000 $ '000 $ '000 Gross Revenue 22,473 10,974 50,542 28,209 Mine production costs 9,771 7,641 27,283 24,359 Depreciation and amortization 2,129 2,031 6,474 4,525 Earnings (loss) from mining operations 10,573 1,302 16,785 (675 ) General and administrative costs 2,164 2,363 5,932 6,591 Share-based payments expense 897 - 897 - Earnings (loss) before the under noted items 7,512 (1,061 ) 9,956 (7,266 ) Interest expense 760 662 1,992 1,939 Foreign exchange (gain) loss 858 (814 ) 1,173 (244 ) Tax ...