Day: February 9, 2022

TORONTO, Feb. 09, 2022 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to provide the results of its optimized and updated Definitive Feasibility Study (“DFS”) on the Colnic and Rovina open pits – the initial phase of development of its Rovina Valley Gold and Copper Project (the “Rovina Valley Project”) in Romania, one of Europe’s largest gold-copper development projects. Euro Sun is dedicated to the responsible development of the Rovina Valley Project, which may become an important source of strategic metals within the European Union. All amounts are in US dollars unless otherwise indicated. Key Highlights Include (summary table set out in Table 1):Pre-Tax NPV increased 41% to $630 million, with an IRR of 22.7%, based on $1,675/oz gold and $3.75/lb copper Estimated to produce...

TORONTO, Feb. 09, 2022 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy” or the “Company”) (TSXV:JE; OTC:JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers, announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has, approved the extension of the stay period under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) to March 4, 2022 (the “Stay Extension”). The Stay Extension allows the Company to continue to operate in the ordinary course of business while pursuing a restructuring plan with its key stakeholders. As previously reported, FTI Consulting Canada Inc. (the “Monitor”) is overseeing the Company’s CCAA proceedings as the court-appointed...

Figure 1Average Annual Gold Production and Operating CostsFigure 2Project Location MapFigure 3Gold Production ProfileTable 5BMining Physicals Summary by PhaseFigure 4Mineral Stockpile InventoryFigure 5Annual Mine ProductionFigure 6Process FlowsheetFigure 7Annual Mill ProductionAll amounts are in USD unless stated otherwiseFeasibility Study reflects optimized development plan and current cost environment After-tax NPV5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price 10.5-year mine life with average annual gold production of 174,700 ounces at AISC of $681/oz Years 1-5: Average annual gold production of 196,200 at AISC of $666/oz A 12% increase in mineral reserves to 2.0 million gold ounces A...

ALLEN, Texas, Feb. 09, 2022 (GLOBE NEWSWIRE) — PFS (NASDAQ: PFSW) (the “Company”), a premier eCommerce order fulfillment provider, today announced that, as expected, on February 8, 2022, it received a determination notice (the “Notice”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Staff”) indicating that unless the Company requests a hearing before the Hearings Panel (the “Panel”) by February 15, 2022, trading in the Company’s common stock would be suspended and subject to delisting based upon its non-compliance with Nasdaq’s filing requirement, as set forth in Listing Rule 5250(c)(1) (the “Rule”). The Notice was issued in accordance with standard Nasdaq procedures due to the delayed filing of the Company’s Form 10-Q for the period ended September 30, 2021. The Company...

Bowlero Corporation Revenue Performance Summary vs. Pre-COVID PerformanceBowlero Corporation Revenue Performance Summary vs. Pre-COVID PerformanceTrailing Fifty-Two Week Net Loss & Adjusted EBITDATrailing Fifty-Two Week Net Loss & Adjusted EBITDASignificant growth in Revenue, totaling over $200 million, grew 177.3% year over year and 11% relative to pre-pandemic performance; 1.6% on a same-store basis vs. pre-pandemic levels.Net Loss for the Quarter of $34.5 million was driven primarily by expenses related to the successful de-SPAC transaction, which include $29.1 million in transactional expenses and $42.2 million in share based compensation, partially offset by $22.5 million in income related to the change in the fair value of earnouts and warrants. Net Income for the quarter, adjusted for...

TORONTO, Feb. 09, 2022 (GLOBE NEWSWIRE) — Inter-Rock Minerals Inc. (TSX-V: IRO) (“Inter-Rock” or the “Company”) announced today that it has sold its Oklahoma based dolomite business, Mill Creek Dolomite LLC (“Mill Creek”) to United States Lime & Minerals Inc. (“USLM”) for U.S.$6.40 million in cash, excluding Mill Creek debt and accrued interest of U.S.$2.24 million that was repaid at closing on February 9, 2022 with a portion of the proceeds of the sale in accordance with the terms of the sale agreement. After the repayment of debt and initial working capital adjustments, the Company will receive net cash of U.S.$3.53 million, subject to further working capital and other adjustments, if any. Mill Creek owns and operates a dolomite quarry and plant in Oklahoma and sells into specialty markets for dolomite, principally glass,...

GREELEY, Colo., Feb. 09, 2022 (GLOBE NEWSWIRE) — Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world’s largest poultry producers, reports its fourth quarter and year-end 2021 financial results. 2021 HighlightsNet Sales of $14.8 billion, up 22% from prior year. Consolidated GAAP Operating Income margin of 1.4% with Adjusted U.S. Operating Income margin of 7.1%. GAAP Net Income of $31.0 million. Adjusted Net Income of $557.4 million, or adjusted EPS of $2.28. Adjusted EBITDA of $1.3 billion, or an 8.7% margin, 64% higher than prior year. Our strategy and our portfolio continue to mitigate the impact of volatile market conditions.   Demand in the U.S. continued its recovery.   Our food service business improved year over year, while Retail sales were above pre-pandemic levels. Our margins improved year over year, especially...

FORT WORTH, Texas, Feb. 09, 2022 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that year-end 2021 proved reserves increased to 17.8 Tcfe and SEC PV10 increased to $14.9 billion. Commenting, Jeff Ventura, the Company’s CEO said. “Consistent with past reserve updates, this year’s report reflects the quality, scale and repeatability of Range’s asset base with our 14th consecutive year of positive performance revisions. Range’s strong reserve report is supported by 360 proven undeveloped locations, which compares to over 1,400 producing wells and thousands of additional high-quality locations not currently booked as reserves. The quality and durability of Range’s reserve base is further demonstrated in the year-end PV10 reserve value of approximately $12.7 billion, at year-end strip pricing, which...

Range Announces Conference Call to Discuss Fourth Quarter 2021 Financial Results FORT WORTH, Texas, Feb. 09, 2022 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that fourth quarter 2021 production averaged approximately 2,198 Mmcfe per day, and fourth quarter 2021 all-in capital spending totaled $92.3 million. In addition, Range realized $29.5 million in contingent derivative settlement gains in fourth quarter 2021. Production and Pricing Fourth quarter 2021 daily natural gas production averaged approximately 1,534 Mmcf per day. The average natural gas realization, including the impact of basis hedges, was $5.38 per mcf, the highest quarterly pre-hedge realization since 2014. The average natural gas price, including settled index hedges, was $3.27 per mcf. In addition, Range realized a contingent derivative...

MCLEAN, Va., Feb. 09, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Multifamily WI K-Deal Certificates (WI Certificates), which are initially backed by cash assets that will be used to purchase the A-2 and A-M classes of a to-be-issued reference K-Deal. Once the reference K-Deal class is issued and purchased by the WI trust, the WI Certificates will be indirectly backed by a pool of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $845 million in WI Certificates (Series WI-K141), which are expected to settle on or about February 16, 2022. “Our latest WI deal, WI-K141, is the second execution of our WI deals including both A-M and A-2 class bonds and an important step towards eventually moving the entire principal-bearing guaranteed...