Pasinex Resources Ltd. today reported financial results for the second quarter of 2019. As expected, production from Horzum AS was lower than the prior year and combined with lower realized zinc prices in 2019, consolidated net income was lower than it was in 2018. Adjusted consolidated net income for the six months ended June 30, 2019 was [...]
Pasinex Resources Ltd. announced today the appointment of Mr. Andrew Gottwald as Chief Financial Officer. Steve Williams, President and Chief Executive Officer of Pasinex, commented, “I am very pleased that Mr. Gottwald has joined us as CFO as he brings a wealth of relevant experience to the company. I look forward to working with Mr [...]
Pasinex Resources Ltd. announced today that Wendy Kaufman, Chief Financial Officer and Corporate Secretary, has advised the Company that she will resign from the organization to pursue another opportunity. Steve Williams, President and Chief Executive Officer of Pasinex, commented, “On behalf of the Board of Directors and the Pasinex team, I [...]
Pasinex Resources Ltd. today reported financial results for the first quarter of 2019. As expected, production from Horzum AS was lower than the prior year and combined with lower realized zinc prices in 2019, consolidated net income was lower than 2018. Adjusted consolidated net income for the first quarter of 2019 was $0.5 million. Consolidated [...]
Pasinex Resources Ltd. today reported financial results for the full year and fourth quarter ended December 31, 2018. On February 15, 2019 the Company reported solid operating results from Horzum AS that drove strong revenue, gross margins and adjusted equity gain from Horzum AS for the year. Adjusted consolidated net income for 2018 was $2.8 [...]
Pasinex Resources Ltd. is pleased to announce its 2018 preliminary production and mining costs from its Pinargozu mine along with production and cost estimates for 2019. Long Section showing the June 2017, NI 43-101 resource wire-frame and the deeper sulphide mineralized zone. 2018 operating highlights: Production in 2018 was 14% below our 2018 [...]
Pasinex Resources Ltd. announces that it has filed an amended technical report on SEDAR. The report entitled “Amended NI 43-101 Technical Report, Pinargozu Project, Turkey”, and dated January 29, 2019 supersedes the report dated December 20, 2017 that was previously filed on SEDAR. The amended technical report was prepared by CSA Global [...]
Pasinex Resources Ltd. today announces that as a result of a review by the British Columbia Securities Commission , the Company is issuing the following news release to clarify its disclosure. The Company filed a technical report for the Pinargozu Mine, dated December 20, 2017 . The issues identified by the BCSC involve disclosure made by the [...]
Pasinex Resources Ltd. reported a small loss for the third quarter of 2018 of $0.2 million compared to net income of $1.8 million in Q3 2017. The decrease in net income is due to a lower equity gain from Horzum AS caused mainly by the drop in zinc prices in Q3. Highlights – Q3 2018 and 2017 Third Quarter 2018 2017 Pasinex financial results [...]
Pasinex Resources Ltd. today announced that it has received additional funds of $345,000 from certain shareholders and directors of the Company adding to the former promissory notes issued in August 2018. The amended promissory notes amount to $745,000 plus accrued interest of $3,361. The funds were used to pay the instalment required under the [...]
Pasinex Resources is pleased to present assay results as a follow up to its news release dated August 8th on its exploration drilling program at the Spur Zinc Project in White Pine County, Nevada. The new discovery of black-shale hosted zinc sulphides radically changes the exploration potential for the project. Left image - High-grade zinc oxide [...]
Pasinex Resources Ltd. today reported net income for the second quarter of 2018 of $0.9 million compared to $0.5 million in Q2 2017. The Q2 2018 results reflect an equity gain from Horzum AS that is double that of Q2 2017 due to higher sales volumes and higher zinc prices. The drilling program at the Spur Zinc Project in Nevada started in June at a [...]
