Month: March 2022

(All amounts expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna” or the “Company”) today reported its consolidated financial and operating results for the fourth quarter and full year 2021. Fourth Quarter 2021 HighlightsRecord sales of $198.9 million, an increase of 92% from the $103.5 million reported in Q4 2020, due primarily to the contribution of gold sales from the Yaramoko Mine of $52.2 million and from the Lindero Mine of $65.6 million Cost of sales of $140.6 million compared to $56.6 million reported in Q4 2020 Net income of $16.6 million or $0.05 per share, compared to $18.6 million or $0.1 net income per share reported in Q4 2020 Adjusted net income1 of $29.1 million compared...

HOUSTON, March 23, 2022 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported its financial results for the fourth quarter and full-year ended December 31, 2021. Epsilon’s highlights for 2021 and material subsequent events following year end through the date of this release include:Total Revenues of $42.4 million for the year as compared to $24.4 million for the same period of 2020.Net after tax income of $11.6 million ($0.49 per share) for the year as compared to $0.9 million ($0.03 per share) for the same period of 2020.Adjusted EBITDA of $24.1 million for the year as compared to $15.7 million for the same period of 2020.Average net natural gas prices of $2.68/Mcf including hedges ($3.10/Mcf excluding hedges) for the year as compared to $1.78/Mcf including hedges ($1.36/Mcf...

VANCOUVER, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (SBB – TSX) reports the financial results for the year ended December 31, 2021. “2021 was a year of continued de-risking at the Back River Project,” said Bruce McLeod, the Company’s President & CEO. “We were able to complete approximately 40% of the project’s civil works in preparation for a construction decision. Ongoing work completed at the Goose Site included advancement of the all-weather road network, significant progress of the plant, fuel storage and camp laydown areas and advancement on the underground exploration ramp. Additionally, significant commitments for equipment and supply purchases continued to be made. All of this work, along with completion of detailed engineering with costs well...