Record contained metal production of 21.4 million ZnEq lbs, an increase of 9% over Q4 2017 and 57% over Q1 2017 ZnEq grade of 6.1%, representing an increase of 15% over 5.3% ZnEq in Q4 2017 and 9% over Q1 2017 Cash balance of US$13.1 million at March 31, 2018 vs US$8.0 million at year end 2017 Quarterly tonnes milled of 186,955 vs 198,354 tonnes in [...]
TORONTO, April 10, 2018 -- Ascendant Resources Inc. is very pleased to report the results of an updated Mineral Resource & Reserve Estimate for its El Mochito mine in Honduras prepared in accordance with National Instrument 43-101 and the CIM Standards. The new Estimate shows a material increase in both Mineral Resources and Reserves against the [...]
unless otherwise specified) Q4 2017 Highlights Positive Free Cash Flow of $0.75 million for Q4 2017 with $8.04 million in cash exiting 2017 Adjusted EBITDA of $2.28 million for Q4 2017; six consecutive months of positive Adjusted EBITDA Record tonnes milled in December; Q4 2017 production average of 2,241 tonnes per day, a 13% increase over Q3 [...]
TORONTO, March 08, 2018 -- Ascendant Resources Inc. announced today that it plans to release its fourth quarter and year end 2017 results after the market close on Wednesday, March 21, 2018. Management will host a conference call on Thursday, March 22, 2018 at 10:00 am EST to discuss both the operating and financial results. Participants may join [...]
ollowing the acquisition today of 1,085,000 of the outstanding common shares of Ascendant Resources, Steve Laciak, an employee of Dundee Securities Ltd., now has beneficial ownership and control of, in respect of Mr. Laciak's personal and family member accounts, a total of 8,228,449 of the outstanding common shares of the Company. The additional [...]
TORONTO, Jan. 22, 2018 -- Ascendant Resources Inc. today issues a correction to the drilling results reported within the January 18, 2018 press release, with the updated information presented below in Table 1. An incorrect calculation resulted in errors to the original significant assays reported; the correct table is presented below. The aggregate [...]
NI 43-101 Technical Report targeting significant increase in mine life expected Q2 2018 TORONTO, Jan. 18, 2018 -- Ascendant Resources Inc. announces the results from an additional 35 diamond drill holes totaling 5,945 meters as part of its 2017 underground exploration and resource definition drilling program at its El Mochito mine in Honduras [...]
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017 Record tonnes milled in December; production increased by 81% since January 2017 Guidance for 2018: Free Cash Flow of US$14-$20 million; EBITDA of US$32-$40 million TORONTO, Jan. 11, 2018 -- Ascendant Resources Inc. is delighted to report its first quarter of free cash [...]
Adjusted EBITDA1 of $1.6 million in November Record tonnes hoisted in November and Q4 production gains expected to drive robust operating and financial results in 2018 Milled production tonnes up 67% year to date TORONTO, Dec. 12, 2017 -- Ascendant Resources Inc. is pleased to report its fifth consecutive month of positive adjusted EBITDA1 of $1.6 [...]
TORONTO, Dec. 04, 2017 -- Ascendant Resources Inc. reports that operations at its El Mochito mine in Honduras are continuing normally despite uncertainty following the General Elections held on Sunday, November 26, 2017. Since this date, uncertainty regarding the outcome of the election for President, where vote counting remains ongoing, has [...]
Adjusted EBITDA1 of $1.3 million in October Milled production increased to 2,184 tpd; up 67% year to date New fleet arrivals to drive production growth in Q4 2017 and 2018 TORONTO, Nov. 14, 2017 -- Ascendant Resources Inc. is pleased to report its fourth consecutive month of positive and increasing adjusted EBITDA1 of $1.3 million at the El Mochito [...]
Highlights Include: Net income of $821,000 and $0.01/share Third consecutive month of positive adjusted EBITDA1; $2.4 million total for Q3 2017 75% increase in revenue versus Q2 2017 Operating cash flow before changes in working capital of $2.3 million; Free cash flow expected before the end of Q4 Milled production increased by 17% versus Q2 2017 [...]
