Business
TVI Pacific Provides Third Quarter 2013 Financial and Operational Results
TSX : TVI  OTCQX : TVIPF CALGARY , Nov. 12, 2013 /CNW/ - TVI Pacific Inc. (TSX:...
About this update from Tvi Pacific Inc.
[{"type":"text","content":"\n\n\nTSX: TVI  OTCQX: TVIPF\n\n\nCALGARY, Nov. 12, 2013 /CNW/ - TVI Pacific Inc. (TSX: TVI) (OTCQX:\n TVIPF) (\"TVI\" or the \"Company\") today announced its unaudited, consolidated financial and operational\n results for the quarter ended September 30, 2013.\n\n\nFor a thorough explanation of the points discussed in this news release,\n shareholders are encouraged to read the unaudited interim consolidated\n financial statements, prepared in accordance with International\n Financial Reporting Standards (IFRS), and the management's discussion\n and analysis for the periods ended September 30, 2013 and 2012 and the\n audited consolidated financial statements for the years ended December\n 31, 2012 and 2011.  These documents were filed with certain securities\n regulators in Canada, and are available on our website (www.tvipacific.com) or under our profile on SEDAR (www.sedar.com).\n\n\nSeptember 30, 2013 Year-to-date Highlights\n\n\n\nTotal net revenue of $39.3 million.\n\n\nEarnings before interest, tax, depreciation and share of loss of\n associates of $4.1 million.\n\n\nNet loss of $4.6 million.\n\n\nCash balance of $4.9 million at September 30th, 2013.\n\n\nShort-term debt facilities of $3.9 million (average interest rate of\n 2.0%).\n\n\nA working capital surplus of $6.4 million.\n\n\n\nFinancial Highlights\n\n\n\n\n \n\n\nQuarter ended\nSeptember 30,\n2013\n\n\nQuarter ended\nSeptember 30,\n2012\n\n\nQuarter ended\nJune 30,\n2013\n\n\n\n\n \n\n\n      \n\n\n      \n\n\n      \n\n\n\n\n●\n\n\nGross revenue ($ million)\n\n\n     $14.6\n\n\n$22.4\n\n\n$20.1\n\n\n\n\n●\n\n\nNet revenue ($ million)\n\n\n$12.1\n\n\n$19.8\n\n\n$17.0\n\n\n\n\n●\n\n\nTotal cost per Copper Pound Equivalent (1) (US$)\n\n\n      $2.71\n\n\n      $2.41\n\n\n      $3.27\n\n\n\n\n●\n\n\nProduction cash cost per Copper Pound\nEquivalent (2) (US$)\n\n\n$1.60\n\n\n      $1.29\n\n\n      $1.89\n\n\n\n\n●\n\n\nTotal cash cost per Copper Pound Equivalent net\nof by-products (3) (US$)\n\n\n      $0.91\n\n\n  ...