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Almonty Announces Positive EBITDA for the Three Months Ended March 31st, 2018 of $7,604,000 from Mining Operations, More Than a 70% Increase in Revenue and a Net Income of $0.02 Per Share
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX-V: AII): The Company Also Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX-V: AII): The Company Also Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three and Six Months Ended March 31St, 2018 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and six months ended March 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 and six months ended March 31st, 2018 and 2017: Three Months Three Months Six Months Six Months Ended Ended Ended Ended 31-Mar-18 31-Mar-17 31-Mar-18 31-Mar-17 $'000 $'000 $'000 $'000 Gross Revenue 17,302 10,175 28,069 17,235 Mine production costs 9,698 9,224 17,512 16,170 Inventory write-down - - - 548 Depreciation and amortization 2,073 1,553 4,345 2,494 Earnings (loss) from mining operations 5,531 (602) 6,212 (1,977) General and administrative costs 1,786 ...