Business
Almonty Announces the Filing of its Financial Statements and MD&A for the Three and Nine Months Ended June 30, 2014
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED ST...
About this update from Almonty Industries Inc.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\nINVESTOR CONFERENCE CALL WEDNESAY AUGUST 27, 2014 AT 8:30am EST\n\n\nRevenue of $7.4 million and EBITDA1 of $4.0 million and Net Loss of $0.0 million and record operating cash flow of $5.0 million for Q3 2014\n\n\n\nTORONTO, Aug. 26, 2014 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSX-V: AII) today announced the filing of its unaudited consolidated interim financial statements and management discussion & analysis (\"MD&A\") for the three and nine month periods ended June 30, 2014.  Unless otherwise indicated, all currency amounts contained in this news release are in thousands of Canadian dollars.\n\nAlmonty reported revenue of $7,368, gross profit of $5,112 representing a gross profit margin of 69.4%, EBITDA1 of $4,023, net loss of ($13) and operating cash flow of $5,029 for the three month period ended June 30, 2014.\n\nSummary operating information:\n\n\n\n\n\nNine Months\n\nEnded June 30,\n\n2014\n\n\n Nine Months\n\nEnded June 30,\n\n2013\n\n\nThree Months\n\nEnded June 30,\n\n2014\n\n\nThree Months\n\nEnded June 30,\n\n2013\n\n\nYear Ended\n\nSeptember 30,\n\n2013\n\n\nYear Ended \n\nSeptember 30,\n\n2012\n\n\n\nOre treated (tonnes)\n\n\n360,988\n\n\n339,074\n\n\n111,082\n\n\n114,347\n\n\n456,895\n\n\n476,591\n\n\n\nWO3 concentrate produced (MTU)\n\n\n65,316\n\n\n47,796\n\n\n23,533\n\n\n12,336\n\n\n67,435\n\n\n65,848\n\n\n\nWO3 concentrate sold (MTU)\n\n\n66,652\n\n\n52,119\n\n\n24,266\n\n\n12,963\n\n\n66,807\n\n\n66,419\n\n\n\nSales revenue (US$ million)\n\n\n19.3\n\n\n13.7\n\n\n7.0\n\n\n3.7\n\n\n17.8\n\n\n21.5\n\n\n\nCash operating costs (US$/MTU)\n\n\n119\n\n\n160\n\n\n114\n\n\n198\n\n\n177\n\n\n183\n\n\n\nCash operating costs (€/MTU)\n\n\n80\n\n\n123\n\n\n83\n\n\n152\n\n\n135\n\n\n141\n\n\n\nOre mined (tonnes)\n\n\n332,125\n\n\n400,974\n\n\n112,960\n\n\n113,160\n\n\n556,861\n\n\n462,221\n\n\n\nAverage grade WO3 mined\n\n\n0.51%\n\n\n0.34%\n\n\n0.53%\n\n\n0.28%\n\n\n0.33%\n\n\n0.28%\n\n\n\nAverage WO3 recovery rate\n\n\n52.6%\n\n\n56.3%\n\n\n52.1%\n\n\n46.0%\n\n\n55.2%\n\n\n57.8%\n\n \n\nProduction volumes for both the three and nine month period ended June 30, 2014 continued on pace with the sales volume and production recorded during Q2 2014 and were at  ...