Month: February 2022

TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today reported its financial results for the fourth quarter and fiscal year ended December 31, 2021. Except where otherwise indicated, all amounts in this press release are expressed in US dollars. Fourth Quarter 2021 Highlights (compared to same period in 2020)Loss before income taxes was $42.8 million compared to $13.7 million which included an unrealized derivative loss of $31.4 million compared to $0.6 million Adjusted EBITDA1 was nil compared to ($0.9) million Zinc metal production of 66,059 tonnes compared to 69,221 tonnes Zinc metal sales of 66,311 tonnes compared to 69,148 tonnes Sulphuric acid sales of 84,683 tonnes compared to 94,090 tonnes On December 17, 2021, the Board of Trustees announced a special cash distribution of CAD$0.02...

VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit from continuing operations of $45.4 million for the year ended December 31, 2021, an increase of $19.1 million in profit from continuing operations compared to 2020. In 2021, Central 1 continued to focus on exploring innovation and opportunities for the growth and evolution of the credit union system. The organization introduced its Corporate Strategy for 2021-2023 and delivered core business functions, while taking steps to build foundational strength that will allow the organization to deliver on its purpose, now and into the future. “Despite continued uncertainty due to the global pandemic, Central 1 delivered strong earnings and remained dedicated to providing diverse products and services...

TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to announce its financial results for the quarter and year ended December 31, 2021. The Company’s audited consolidated financial results for the year ended December 31, 2021, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated. Fourth Quarter 2021 Highlights:Consolidated quarterly revenue of $72.9 million, highest ever quarterly result; Adjusted EBITDA1 of $40.6 million, highest ever quarterly result; and Consolidated...

– Grows 2021 Revenue 38%, System-wide Sales 39%, and System-wide Comp Sales 29%, Compared to 2020 – – Sold 156 Franchise Licenses, Compared to 121 in 2020 – – Opened 130 Clinics, Including 20 Greenfields, Bringing the Total Corporate Count to 96 at Year End – SCOTTSDALE, Ariz., Feb. 24, 2022 (GLOBE NEWSWIRE) — The Joint Corp. (NASDAQ: JYNT), a national operator, manager, and franchisor of chiropractic clinics, reported its preliminary financial results for the quarter and year ended December 31, 2021. Financial Highlights: Preliminary Q4 2021 Compared to Q4 2020Increased system-wide sales1 by 32%, to $102.1 million. Reported system-wide comp sales2 increase of 22%. Grew revenue 32% to $22.4 million. Posted operating income of $663,000, compared to $2.8 million. Recorded net income of $224,000,...

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 HighlightsThe 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...

Mesoblast Prepares for Resubmission of Biologics License ApplicationLate-Stage Clinical Pipeline Late-Stage Clinical PipelineNEW 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 HighlightsMesoblast 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...

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 HighlightsOccupancy 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...

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 OperationsStrong 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...

  NEWS RELEASE Paris: EUREURO 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...