Month: May 2022

Deep Down, Inc. (now Koil Energy Solutions, Inc.) Announces First Quarter 2022 Results

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) — Deep Down, Inc. (OTCQB: DPDW) (“Deep Down” or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for its quarter ended March 31, 2022. Deep Down will hold a conference call tomorrow, Wednesday, May 11, 2022 at 10:00 am Eastern Time to review its results and outlook (call details below). Deep Down at a Glance: Share Price†: $ 0.71 Cash*: $2.7M 52-Week Range†: $0.49 – $0.80 Book Value*: $9.8M Shares Out.†: 12.0M Price / Book Value: 0.9x Market Cap†: $8.5M TTM Revenue: $16.9M *As of 03/31/21; †As of 5/09/22 Charles Njuguna, Deep Down’s CEO, commented, “Deep Down’s results for the first quarter of 2022 reflect the ongoing challenges that face the offshore industry. Inflation, certain geopolitical...

Kinross releases 2021 Sustainability Report

Written by Customer Service on May 10, 2022. Posted in Public Companies.

Details strong ESG performance, including a $3.5 billion benefit footprint in host countries TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” or the “Company”) is pleased to announce the publication of its 2021 Sustainability Report (the “Report”), providing a fulsome and transparent summary of the Company’s progress over the past year in furthering its Environmental, Social and Governance (ESG) strategy. “Sustainability and mining responsibly are at the core of Kinross’ culture and we believe that to be successful in this area you need a strong on-the-ground approach along with a clear strategy and strong governance,” said J. Paul Rollinson, President and CEO. “Over the past year, we continued to perform well in major external ESG rankings and ratings and have made significant progress...

Kinross reports 2022 first-quarter results

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

APPENDIX A Figure 1: LP Fault zone long sectionCompany guidance maintained for pro-forma portfolioTasiast achieves record quarterly production TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the first-quarter ended March 31, 2022. This news release contains forward-looking information about expected future events and financial and operating performance of the Company. Please refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on page 28 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. In Q1 2022, Kinross announced its plan to divest all of its Russian assets. As such, the Company’s Russian assets have been excluded from its Q1 2022...

Psychemedics Corporation Reports First Quarter 2022 Financial Results and Declares Increased Cash Dividend

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

ACTON, Mass., May 10, 2022 (GLOBE NEWSWIRE) — Psychemedics Corporation (NASDAQ: PMD), the world’s largest provider of hair testing for drugs of abuse, today announced financial results for the first quarter ended March 31, 2022, and the declaration of a cash dividend of $0.07 per share to be paid on June 24, 2022, to shareholders of record as of May 27, 2022. The Company’s revenue for the quarter ended March 31, 2022, was $6.5 million versus $5.7 million for the quarter ended March 31, 2021, an increase of 14%. Net income for the quarter ended March 31, 2022, was $39 thousand or $0.01 per diluted share, versus net income of $83 thousand or $0.01 per diluted share, for the comparable period last year. Raymond C. Kubacki, Chairman and Chief Executive Officer, stated: “We are off to a strong start in the first quarter of 2022....

McEwen Mining: Q1 2022 Results

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2022.Production was 20,850 gold ounces and 336,500 silver ounces, or 25,100 gold equivalent ounces(1) (GEOs)(see Table 1), compared to 30,600 GEOs during Q1 2021. Average cash costs(2) per GEO sold from our 100%-owned mines in Q1 was $1,696, below our guidance of $1,940 to 2,100 per GEO. Average all-in sustaining costs (“AISC“)(2) per GEO sold from our 100%-owned mines was $2,146, below our guidance of $2,340 to 2,560 per GEO.Management continues to work diligently to address operational challenges and reduce costs, while continuing to invest in exploration and the advancement of McEwen Copper’s Los Azules project.Our consolidated net loss in Q1 was $19.3...

RedBall Acquisition Corp. Announces Special Meeting Date to Approve Proposed Business Combination with SeatGeek

Written by Customer Service on May 10, 2022. Posted in Mergers And Acquisitions.

Special Meeting of RedBall Shareholders to be Held on June 1, 2022 at 9:30 a.m. ET NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) — RedBall Acquisition Corp. (“RedBall”) (NYSE: RBAC), a publicly traded special purpose acquisition company with a focus on sports, media and data analytics, today announced that it has scheduled an extraordinary general meeting in lieu of annual general meeting of its shareholders (the “Special Meeting”) to approve the proposed business combination (the “Business Combination”) with SeatGeek, Inc. (“SeatGeek”). The Special Meeting will be held virtually via live webcast on June 1, 2022 at 9:30 a.m. ET, and RedBall shareholders can attend the Special Meeting using the virtual meeting instructions set forth on their proxy cards. The Company also announced that the U.S. Securities and Exchange Commission (the...

Lowell Farms Inc. Announces Unaudited First Quarter 2022 Financial and Operational Results

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

Following recent milestone, Lowell Farms enters the year as the largest combined seller of packaged flower and all-flower pre-rolls in California SALINAS, Calif., May 10, 2022 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, announces unaudited revenue and operating results for the first quarter and fiscal year (ended March 31, 2022). All figures stated are in US Dollars. First Quarter Financial Highlights:Revenue generated for the three-month period ended March 31, 2022 was $12.4 million; an increase of 13% from Q1 2021. CPG revenue increased 10% sequentially, primarily due to increases in pre-roll and packaged flower revenue. As expected, Lowell Farm Services (LFS) revenue declined $2.8 million...

NuVista Energy Ltd. Announces Record Financial and Operating Results and Shareholder Capital Return Framework

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record-setting financial and operating results for the three months ended March 31, 2022, and to provide a number of updates which demonstrate material advancement of our Pipestone and Wapiti Montney development. Commodity prices in 2022 remained strong. We used our significantly growing adjusted funds flow in a disciplined manner by growing production with new high-return wells to fill and optimize existing facilities while making rapid and meaningful progress in debt reduction. NuVista is continuing through 2022 with strength and increasing momentum. As part of our strategy to maximize the per share value growth of NuVista, our intention is to begin returning capital to shareholders now that our...

Diversified Royalty Corp. Announces First Quarter 2022 Results

Written by Customer Service on May 10, 2022. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, May 10, 2022 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV; DIV.DB and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months ended March 31, 2022 (“Q1 2022”). Q1 2022 HighlightsRevenue of $9.7 million, up 28.0% compared to the three months ended March 31, 2021 (“Q1 2021”). Adjusted revenue1 of $11.0 million, up 24.4% compared to Q1 2021. Distributable cash1 of $7.2 million, up 22.4% compared to Q1 2021. Payout ratio1 of 93.6% based on dividends of $0.22 per share on an annualized basis, an improvement compared to 103.1% in Q1 2021 based on dividends of $0.20 per share on an annualized basis. On March 30, 2022, DIV closed its bought deal offering of $52.5 million principal amount of 6% convertible debentures resulting in net proceeds of $50.4...

Firm Capital Mortgage Investment Corporation Announces Q1/2022 Results, and Declaration of July, August and September Monthly Cash Dividends

Written by Customer Service on May 10, 2022. Posted in Dividend Reports And Estimates.

TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB.F, FC.DB.G, FC.DB,H, FC.DB.I, FC.DB.J,FC.DB. K and FC.DB.L) released its financial statements for the three months ended March 31, 2022. NET INCOMEFor the three months ended March 31, 2022, net income increased by 7.6% to $7,861,540 as compared to $7,306,837 reported for the same period in 2021. The increase is a result of higher interest income due to a larger average investment portfolio size (on average $86 million higher in the first quarter of 2022 relative to the first quarter of 2021), and a recovery of impairment on investment portfolio. EARNINGS PER SHAREBasic weighted average profit per share for the three months ended March 31, 2022, was $0.232, as compared to the $0.237 per share reported for the...

Month: May 2022

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