Business
Trevali reports Q3-2017 financial results
Trevali reports Q3-2017 financial results.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n \n \n Trevali reports Q3-2017 financial results\n \n \nTrevali reports Q3-2017 financial results\n\nEBITDA(1) of US$20 million on concentrate sales of US$81.6 million;\nTotal cash position of US$105.7 million and working capital of US$135.5 million;\nNet loss of US$7.8-million, primarily attributable to one-time transaction expenses;\nOperating cash flow per share of $0.11\n\n \n VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 14, 2017) - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) has released financial results for the three months and nine months ending September 30, 2017. Third quarter (\"Q3\") EBITDA(1) was US$20 million on concentrate sales revenues of US$81.6 million, however a net loss of US$7.8 million ($0.01 per share) was posted primarily attributable to one-time transaction expenses related to the acquisition of Glencore PLC's African zinc mines.\n This release should be read in conjunction with Trevali's unaudited condensed consolidated financial statements and management's discussion and analysis for the three months and nine months ended September 30, 2017, which is available on Trevali's website and on SEDAR. As at January 1, 2017 the Company has changed is presentation currency to the U.S. dollar (US). All financial figures are in US dollars unless otherwise stated.\n Q3-2017 Results Highlights:\n \n \n Record concentrate sales revenue of $81.6 million, up 86% versus $43.9 million in Q3-2016\n EBITDA(1) of $20 million\n Operating cashflow of $0.11 per share YTD versus $0.05 per share in the same period in 2016\n Net loss of $7.8 million or ($0.01) per share, primarily attributable to one-time transaction expenses related to the acquisition of Glencore PLC's African zinc mines\n Record income from mine operations of $28.4 million versus $8.1 million in Q3-2016, an increase of over 250 percent\n Record total cash position of $105.7 million and working capital of $135.5 million\n Quarterly consolidated zinc production of 58.4 million payable lbs., lead production of 12.5 million payable lbs. and 433,442 payable ozs. of silver; 73.3 million payable lbs. of Zinc Equivalent (\"ZnEq\")(2)\n Consolidated site cash costs of $0.42 per pound of payable ZnEq(2) produced or $53.86/tonne milled\n Provisional realized commodity selling prices for Q3-2017 sales was ...