Business
Almonty announces the filing of its financial statements and MD&A for the three and six months ended March 31, 2014
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About this update from Almonty Industries Inc.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/ \n\n\nINVESTOR CONFERENCE CALL FRIDAY MAY 9, 2014 AT 8:30am EST\n\n\nRevenue of $8.3 million and EBITDA1 of $4.6 million and Net Income of $2.462 million ($0.07 per share) for\n Q2, 2014 \n\n\nTORONTO, May 8, 2014 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSX-V: AII) today announced the filing of its unaudited consolidated\n interim financial statements and management discussion & analysis (\"MD&A\") for the three and six month periods ended March 31, 2014.  Unless\n otherwise indicated, all currency amounts contained in this news\n release are in thousands of Canadian dollars.\n\n\nAlmonty reported revenue of $8,327, gross profit of $5,859 representing\n a gross profit margin of 70.4%, EBITDA1 of $4,644 and net income of $2,462 for the three month period ended\n March 31, 2014.\n\n\nSummary operating information:\n\n\n\n\n \n\n\nSix Months\n  Ended March  \n31, 2014\n\n\nSix Months\n  Ended March  \n31, 2013\n\n\nThree Months\n  Ended March  \n31, 2014\n\n\n  Three Months  \nEnded March\n31, 2013\n\n\nYear Ended\n  September 30,  \n2013\n\n\n  Year Ended  \nSeptember\n30, 2012\n\n\n\n\nOre treated (tonnes)\n\n\n249,906\n\n\n224,727\n\n\n119,196\n\n\n108,576\n\n\n456,895\n\n\n476,591\n\n\n\n\nWO3 concentrate produced (MTU)\n\n\n41,420\n\n\n38,488\n\n\n25,299\n\n\n19,129\n\n\n67,435\n\n\n65,848\n\n\n\n\nWO3 concentrate sold (MTU)\n\n\n42,386\n\n\n39,656\n\n\n25,486\n\n\n20,396\n\n\n66,807\n\n\n66,419\n\n\n\n\nSales revenue (US$ million)\n\n\n12.7\n\n\n9.9\n\n\n7.6\n\n\n4.9\n\n\n17.8\n\n\n21.5\n\n\n\n\nCash operating costs (US$/MTU)\n\n\n128\n\n\n146\n\n\n103\n\n\n145\n\n\n177\n\n\n183\n\n\n\n\nCash operating costs (€/MTU)\n\n\n93\n\n\n111\n\n\n75\n\n\n109\n\n\n135\n\n\n141\n\n\n\n\nOre mined (tonnes)\n\n\n219,166\n\n\n287,814\n\n\n79,954\n\n\n159,886\n\n\n556,861\n\n\n462,221\n\n\n\n\nAverage grade WO3 mined\n\n\n0.54%\n\n\n0.32%\n\n\n0.70%\n\n\n0.29%\n\n\n0.33%\n\n\n0.28%\n\n\n\n\nAverage WO3 recovery rate\n\n\n52.9%\n\n\n61.7%\n\n\n54.6%\n\n\n59.6%\n\n\n55.2%\n\n\n57.8%\n\n\n\n\n\n\n\nProduction volumes for both the three and six month period ended March\n 31, 2014 wer...