Business
Almonty Industries Announces Filing of Annual Audited Consolidated Financial Statements, MD&A and AIF for Year Ended December 31, 2023 and $2.2M in Positive EBITDA From Mining Operations(1)
TORONTO / Apr 01, 2024 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announ
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO / Apr 01, 2024 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis (“MD&A”) and AIF for the year ended December 31, 2023. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the years ended December 31, 2023 and 2022: Year ended Year ended 31-Dec-23 31-Dec-22 $'000 $'000 Gross Revenue 22,510 24,796 Mine production costs 19,328 19,987 Care and maintenance 1,022 964 Depreciation and amortization 1,077 1,298 Loss from mining operations 1,083 2,547 General and administrative costs 5,816 6,145 Non-cash compensation costs 1,141 3,811 Loss before the under noted items (5,874) (7,409) Interest expense 4,305 3,863 Financing fees 739 742 Gain on valuation of embedded derivative liabilities (432) (521) Gain on valuation of warrant liabilities (1,227) (293) Foreign exchange (gain) loss (489) 2,934 Tax provision 67 356 Net loss for the year (8,837) (14,490) Income (loss) per share - basic $ (0.04) $ (0.07) Income (loss) per share - diluted $ (0.04) $ (0.07) Dividends - - Cash flows provided by (used in) operating activities (11,698) (3,750) Cash flows provided by (used in) investing activities (17,492) (22,755) Cash flows provided by (used in) financing activities 43,371 33,400 The following financial information is as at D...