Osisko Development Reports Fourth Quarter 2021 and Year-End Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Feb. 24, 2022 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko Development” or the “Company“) (ODV: TSX-V) is pleased to report its financial and operating results for the three months ended December 31, 2021. Fourth Quarter and Full Year 2021 Highlights The Company began test mining and gold production from the Bonanza Ledge phase 2 mine and the San Antonio Stockpile heap leach mine. The Company recently entered into an agreement to acquire the high grade Trixie gold mine and prolific East Tintic mining district in Utah. The Trixie project is anticipated to add meaningful low-cost production to Osisko Development with expected low capital intensity. The Company advanced permitting on both its Cariboo...

Operational Highlights and Financial Results for the Period Ended December 31, 2021

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Mesoblast Prepares for Resubmission of Biologics License Application Late-Stage Clinical Pipeline Late-Stage Clinical Pipeline NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) — Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today reported financial results and operational highlights for the period ended December 31, 2021. Financial Highlights Mesoblast completed a refinancing of its senior secured debt facility with a new US$90 million five-year facility provided by funds managed by Oaktree Capital Management, L.P. Cash on hand at the end of the quarter was US$94.8 million, with up to an additional US$40 million available to be drawn down from existing financing facilities subject to certain milestones Total Operating Activities saw a 40% reduction in net cash usage...

Extendicare Announces 2021 Fourth Quarter and Year End Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

MARKHAM, Ontario, Feb. 24, 2022 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2021. Results are presented in Canadian dollars unless otherwise noted. Fourth Quarter Highlights Occupancy levels continued to recover in Q4 2021, with overall average occupancy up 110 bps in long-term care (“LTC”) and 210 bps in retirement communities Home health care average daily volume growth of 1.8% vs. Q3 2021 and 7.7% vs. Q4 2020 Commenced construction on Extendicare’s new 256-bed LTC home in Stittsville, our third LTC project under construction in Ontario High vaccination rates among our residents and our mandatory staff vaccination policy helped to mitigate serious illness and hospitalizations despite Omicron related outbreaks Subsequent...

Eldorado Gold Reports Strong 2021 Year-End and Fourth Quarter Financial and Operational Results; Meets 2021 Production and Cost Guidance; and Delivers on Key Organic Growth Projects

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Eldorado Gold Corporation, (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2021. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis filed on SEDAR at www.sedar.com under the Company’s profile. Q4 2021 and Full-Year Highlights Operations Strong gold production at the upper end of the increased guidance range: 122,582 ounces in Q4 2021, and 475,850 ounces in 2021, driven by Kisladag and Lamaque. Cash operating costs(1) within 2021 guidance range: $571 per ounce sold in Q4 2021, and $626 per ounce sold in 2021. A significant decrease in cash operating costs at Olympias in Q4 2021 was related to higher average...

EURO Ressources reports earnings for the year ended December 31, 2021

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

NEWS RELEASE Paris: EUR EURO RESSOURCES REPORTS EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2021 Paris, France, February 24, 2022: EURO Ressources S.A. (“EURO” or “the Company”) (Paris: EUR) today announced its audited statutory financial results prepared in accordance with French Generally Accepted Accounting Principles (“GAAP”) and its audited financial results prepared in accordance with International Financial Reporting Standards (“IFRS”) for the year ended December 31, 2021. These audited financial results were approved by the Board of Directors on February 24, 2022. All financial amounts are expressed in Euros (“€” or “euros”) unless otherwise specified. Highlights Under French GAAP, EURO reported a net profit of €10.1 million (€0.162 per share) for the year ended December 31, 2021, compared to €10.8 million (€0.173 per...

Portage Biotech Announces Financial Results and Provides Business Update for Third Quarter of 2022 Fiscal Year

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Company working to accelerate lead clinical programs; expects multiple clinical readouts in 2022 WESTPORT, Conn., Feb. 24, 2022 (GLOBE NEWSWIRE) — Portage Biotech Inc. (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company developing therapies to improve patient lives and increase survival by avoiding and overcoming cancer treatment resistance, today announced financial results for the quarter ended December 31, 2021 (the “third quarter”). “During the third quarter and in recent weeks we’ve taken steps to accelerate our lead programs for PORT-2 and PORT-3, investigating options to expand our clinical sites beyond our current footprint and finding the means of accelerating patient enrollment,” said Dr. Ian Walters, chief executive officer of Portage. “With our enhanced management team, efficient organization,...

Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces Operating Results for Year Ended December 31, 2021

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — All per share figures disclosed below are stated on a diluted basis. For the twelve months ended December 31, 2021 2020 ($ in thousands, except per share amounts) Net revenue $ 285,087 $ 215,791 Operating earnings 81,788 54,841 Net gains (losses) 142,623 (1,313 ) Net earnings 190,740 46,068 EBITDA(1) $ 107,639 $ 77,702 Adjusted cash flow from operations(1) 84,792 63,050 Attributable to shareholders: Net earnings $ 184,239 $ 42,358 EBITDA(1) 96,700 70,325 Adjusted cash flow from operations (1) 75,332 56,773 Per share, diluted: Net earnings $ 6.87 $ 1.57 EBITDA(1) 3.61 2.60 Adjusted cash flow from operations (1) 2.81 2.10 As...

Dorchester Minerals, L.P. Announces 2021 Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

DALLAS, Texas, Feb. 24, 2022 (GLOBE NEWSWIRE) — Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the Partnership’s net income for the year ended December 31, 2021 of $70,174,000 or $1.94 per common unit. A comparison of the Partnership’s consolidated results for the twelve month periods ended December 31, 2021 and 2020 are set forth below: Twelve Months Ended December 31, 2021 2020 Operating Revenues $ 93,423,000 $ 46,928,000 Net Income $ 70,174,000 $ 21,867,000 Net Income Per Common Unit $ 1.94 $ 0.61 The Partnership’s independent engineering consultant estimated its total proved oil and natural gas reserves to be 92.9 billion cubic feet of natural gas equivalents (bcfe) as of December 31, 2021. Approximately 17% of these reserves are attributable to the Partnership’s...

Bel Reports Fourth Quarter and Full Year 2021 Results

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Impressive Top Line Growth with Solid Q4 Margin Improvement JERSEY CITY, N.J., Feb. 24, 2022 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2021. Fourth Quarter 2021 Highlights Net sales of $147.1 million, up 26.7% from Q4-20 Gross profit margin of 26.7%, up from 25.3% in Q4-20 Net earnings of $8.0 million versus $3.6 million in Q4-20 Adjusted EBITDA of $15.3 million, representing an increase of 96% compared to Q4-20 Full Year 2021 Highlights Net sales of $543.5 million, up 16.7% from 2020 Gross profit margin of 24.7%, down from 25.7% in 2020 Net earnings of $24.8 million versus $12.8 million in 2020 Adjusted EBITDA of $42.8 million, an improvement of 33% compared to 2020 Ended year with backlog of orders of $468 million, an increase...

VivoPower International PLC Reports Financial Results for the Six Months Ended December 31, 2021

Written by Customer Service on February 24, 2022. Posted in Earnings Releases And Operating Results.

Key strategic initiatives executed upon despite COVID-19 disruptions Revenue, GP and EBITDA decline due to strict prolonged COVID-19 lockdowns in key markets, especially Australia Definitive distribution partnerships for Tembo e-LV kits executed with GHH and Bodiz Full ownership of US solar portfolio secured, rebranded to Caret and launched cryptomining venture, Caret Decimal LONDON, Feb. 24, 2022 (GLOBE NEWSWIRE) — VivoPower International PLC (NASDAQ: VVPR) (“VivoPower”, the “Company”) today announced its half year results for the six months ended December 31, 2021. Highlights for the half year ended December 31, 2021: Group revenue declined 11% to $18.9 million due to strict COVID-19 lockdowns affecting projects and deliveries. Group gross profit down 85% year on year to $0.5 million as a result, with group gross profit margin...

Day: February 24, 2022

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