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Almonty Industries Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Six Months Ended June 30, 2021
TORONTO / Aug 16, 2021 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announ
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO / Aug 16, 2021 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the six months ended June 30, 2021. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the three and six months ended June 30, 2021 and 2020: Three months ended Three months ended Six months ended Six months ended 30-Jun-21 30-Jun-20 30-Jun-21 30-Jun-20 $'000 $'000 $'000 $'000 Gross Revenue 5,603 6,991 9,461 13,382 Mine production costs 4,740 4,899 8,687 10,627 Care and maintenance 288 115 488 713 Depreciation and amortization 377 419 948 1,128 Income (Loss) from mining operations 198 1,558 (662) 914 General and administrative costs 1,532 2,070 3,075 3,690 Share-based compensation costs - - 522 207 Loss before the under noted items (1,334) (512) (4,259) (2,983) Interest expense 882 753 1,668 1,417 (Gain) Loss on debt settlement - - - (1,619) Loss on valuation of embedded derivative liabilities (40) - 151 - Foreign exchange (gain) loss 487 (1,518) (339) 1,026 Tax provision (3) - 6 - Net loss for the period (2,660) 253 (5,745) (3,807) Income (loss) per share - basic ($0.01) $0.00 ($0.03) ($0.02) Income (loss) per share - diluted ($0.01) $0.00 ($0.03) ($0.02) Dividends - - - - Cash flows provided by (used in) operating activities (1,150) (1,410) (4,859) (2,667) Cash flows provided by (used in) investing activities (2,007) (849) (3,639) (1,923) Cash flows provided by (used in) financing acti...