Excellon schwingt sich auf, die Kosten in den Griff zu bekommen. Wenn der AG-Preis durch die Decke gehen sollte, wird das hier doch noch mal spannend:
EXCELLON REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS
TORONTO, Nov. 8, 2022 /CNW/ - Excellon Resources Inc. (TSX: EXN) (NYSE: EXN) (FRA: E4X2)("Excellon" or the "Company") is pleased to report financial results for the three- and nine-month periods ended September 30, 2022.
Q3 2022 Financial and Operational Highlights (compared to Q3 2021)
- Revenues of $7.0 million (Q3 2021 – $9.2 million), impacted by lower base metal grades and provisional repayments due to lower metal prices
- Production cost per tonne decreased 26% to $208 per tonne (Q3 2021 – $281 per tonne)
- Total cash cost net of by-products per silver ounce payable decreased 11% to $9.78 (Q3 2021 – $11.02)
- All-in sustaining cost ("AISC") per silver ounce payable decreased 34% to $14.31(Q3 2021 – $21.52)
Shawn Howarth, President and CEO commented, "We thank all our employees for a safe and successful wind down of operations at Platosa and Miguel Auza in October, as we transitioned both facilities to care-and-maintenance. We are very proud of the cooperation and support received from our communities over the years and we will continue to ensure responsible environmental stewardship throughout care-and-maintenance. Strategic priorities for the Company remain to be advancing our Kilgore project in Idaho, a contemplated spin-out of Silver City and pursuing M&A where our operational experiences add value to new development opportunities. We look forward to updating investors as these initiatives progress."
Financial Results
Financial results for the periods indicated below were as follows:
('000s of USD, except amounts per share and per ounce)
Q3 2022
Q3 2021
9-mos 2022(7)
9-mos 2021
Revenue (1)
6,982
9,151
23,260
28,649
Production costs
(4,579)
(5,567)
(16,000)
(17,557)
Write-down of materials and supplies
-
-
(532)
24
Depletion and amortization
(1,153)
(1,809)
(6,370)
(5,372)
Cost of sales
(5,732)
(7,376)
(22,902)
(22,905)
Gross profit
1,250
1,775
358
5,744
Corporate administration
(1,279)
(1,453)
(3,781)
(5,436)
Exploration and holding expense
(2,344)
(2,538)
(4,299)
(5,411)
Other (expense) income
(247)
(6)
786
(844)
Provision for litigation
Impairment losses
Finance expense
-
-
(985)
(22,277)
(752)
(688)
-
-
(3,086)
(22,277)
(752)
(2,438)
Income tax expense
(174)
(4,921)
(194)
(4,913)
Net loss
(3,779)
(30,860)
(10,216)
(36,327)
Adjusted net loss (2)
(3,779)
(4,755)
(9,687)
(10,242)
Loss per share – basic and diluted
(0.11)
(0.94)
(0.30)
(1.12)
Adjusted Loss per share – basic and diluted (2)
(0.11)
(0.15)
(0.26)
(0.28)
Cash flow (used in) from operations (3)
(1,651)
(9)
223
1,867
Production cost per tonne (4)
208
281
261
284
Cash cost per silver ounce payable net of by-products ($/Ag oz)
9.78
11.02
11.35
12.14
AISC per silver ounce payable ($/Ag oz) (5)
14.31
21.52
17.29
24.79
Realized prices: (6)
Silver – ($US/oz)
19.14
24.11
21.48
25.71
Lead – ($US/lb)
0.88
1.07
0.97
0.99
Zinc – ($US/lb)
1.49
1.36
1.67
1.31
(1)
Revenues are net of treatment and refining charges ("TC/RCs").
(2)
Adjusted net loss for 2021 periods exclude $22.3 million related to the Provision for litigation, the related $0.8 million impairment loss and $3.1 million deferred tax asset derecognition expenses (included in Income tax expense).
(3)
Cash flow from operations before changes in working capital.
(4)
Production cost per tonne includes mining and milling costs, excluding depletion and amortization, materials and supplies write-down, and inventory adjustments.
(5)
AISC per silver ounce payable excludes administrative and share-based payment costs attributable to the Company's non-producing projects and includes underground drilling costs.
(6)
Average realized price is calculated on current period sale deliveries and does not include the impact of prior period provisional adjustments in the period.
(7)
9-mos 2022 results were impacted by the labour action in March 2022 (the "Labour Action"), which resulted in negligible production for the month of March 2022.
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https://ceo.ca/@newswire/excel…er-2022-financial-results