Business
Almonty announces the filing of its financial statements and MD&A for the three months ended December 31, 2013
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / ...
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 Thursday February 27 at 8:30am EST\n\n\nRevenue of $5.5 million and EBITDA1 of $2.201 million and Net Income of $1.042 million for Q1, 2014 \n\n\nTORONTO, Feb. 26, 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 months ended December 31, 2013.  Unless otherwise\n indicated, all currency amounts contained in this news release are in\n thousands of Canadian dollars.\n\n\nAlmonty reported revenue of $5,463, gross profit of $2,967 representing\n a gross profit margin of 54.3%, EBITDA1 of $2,201 and net income of $1,042 for the three month period ended\n December 31, 2013.\n\n\nSummary operating information:\n\n\n\n\n\n\n\n \n\n\nThree Months\nEnded\n December 31, \n2013\n\n\nThree Months\nEnded\n December 31, \n2102\n\n\nThree Months\nEnded\n September 30, \n2013\n\n\nYear Ended\n September 30, \n2013\n\n\nYear Ended\n September 30, \n2012\n\n\n\n\nOre treated (tonnes)\n\n\n130,710\n\n\n116,151\n\n\n117,821\n\n\n456,895\n\n\n476,591\n\n\n\n\nWO3 concentrate produced (MTU) \n\n\n17,160\n\n\n19,359\n\n\n15,717\n\n\n67,435\n\n\n65,848\n\n\n\n\nWO3 concentrate sold (MTU)\n\n\n16,900\n\n\n19,260\n\n\n14,688\n\n\n66,807\n\n\n66,419\n\n\n\n\nSales revenue (US$ million)\n\n\n5.3\n\n\n5.0\n\n\n4.6\n\n\n17.8\n\n\n21.5\n\n\n\n\nCash operating costs (US$/MTU)\n\n\n154\n\n\n146\n\n\n172\n\n\n177\n\n\n183\n\n\n\n\nCash operating costs (€/MTU)\n\n\n113\n\n\n114\n\n\n130\n\n\n135\n\n\n141\n\n\n\n\nOre mined (tonnes)\n\n\n146,514\n\n\n127,928\n\n\n155,887\n\n\n556,861\n\n\n462,221\n\n\n\n\nAverage grade WO3 mined\n\n\n0.37%\n\n\n0.37%\n\n\n0.31%\n\n\n0.33%\n\n\n0.28%\n\n\n\n\nAverage WO3 recovery rate\n\n\n50.5%\n\n\n63.3%\n\n\n51.2%\n\n\n55.2%\n\n\n57.8%\n\n\n\n\n\n\n\nSubsequent to the end of Q1 2014, after discovering the faulty\n calibration (See press release dated January 31, 2014) the Company\n continued to re-tune its processing circuit.  Tungsten recovery rates\n increased to 57.0% for the month of January.  The Company is continuing\n to re-tune ...