Business
Almonty announces the filing of its financial statements and MD&A for the year ended September 30, 2012
/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\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/ \n\n\nRevenue of $5,394 million and EBITDA1 of $1,848 million for the fourth quarter and Revenue of $21,645 and\n EBITDA1 of $7,203 million for the Year and achieves Tungsten recovery rate of\n 64.2% for the month of November\n\n\nTORONTO, Dec. 17, 2012 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSX-V: AII) today announced the filing of its audited consolidated\n financial statements and management discussion & analysis (\"MD&A\") for the year ended September 30, 2012.  Unless otherwise indicated,\n all currency amounts contained in this news release are in thousands of\n Canadian dollars.\n\n\nAlmonty reported revenue of $5,394, gross profit of $2,878 representing\n a gross profit margin of 53.9%, EBITDA1 of $1,848 and net income of $1,025 for the three month period ended\n September 30, 2012.  For the Year ended September 30, 2012 revenue\n totalled $21,645, gross profit was $10,539 representing a gross profit\n margin of 49.2%, EBITDA1 of $7,203 and net income of $2,415.\n\n\nAlmonty mined 114,647 tonnes of ore at a weighted average grade of 0.30%\n WO3 for the three month period ended September 30, 2012 (462,221 tonnes of\n ore at a weighted average grade of 0.28% WO3 for the Year ended September 30, 2012).  The overall increase in head\n grade mined is a result of planned pit optimization that the Company is\n continuing to undertake following the completion of an updated National\n Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI\n 43-101\") report completed September 30, 2012.  The Company believes\n that it will be able to continue to further enhance its ability to\n access higher grade material in future periods as a result.\n\n\nThe Company processed 119,903 tonnes of ore during the three month\n period ended September 30, 2012. The weighted average grade of ore\n processed was 0.24% for a total contained MTU WO3 processed of 29,229.  For the Year ended September 30, 2012 the Company\n processed 476,591 tonnes of ore at a weighted average grade of 0.24% WO3 for a total contained MTU WO3 processed of 113,867.\n\n\nTungsten concentrate recovery for the three month period ended September\n 30, 2012 averaged 60.0%, a 3.3% increase over the previou...