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Year: 2022

Aura Announces Third Quarter 2022 Financial and Operational Results, 2022 Guidance and 2025 Management Production Targets Updates

Long term updated guidance Long term updated guidanceROAD TOWN, British Virgin Islands, Nov. 08, 2022 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed unaudited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the period ended September 30, 2022 (“Q3 2022”), which also contains the Annual Guidance Update (“2022 New Guidance”) and a new long term production target (“2025 Production Target”). The full version of the Financial and Operational Results can be viewed on the Company’s website at www.auraminerals.com or on SEDAR at www.sedar.com. All amounts are in U.S. dollars unless stated otherwise. Q3 2022 Highlights (Compared to Q3 2021):Consolidated quarterly production...

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Global Electrical Insulation Materials Market Size to Hit $14.3 billion by 2027, at a CAGR of 6.2%, says MarketsandMarkets™

Chicago, Nov. 08, 2022 (GLOBE NEWSWIRE) — The global Electrical Insulation Materials Market size is projected to grow from USD 10.6 billion in 2022 to USD 14.3 billion by 2027, at a CAGR of 6.2% between 2022 and 2027, as per the recent study by MarketsandMarkets™. Electrical insulation materials are used in electrical systems to prevent unwanted flow of current to the earth from the supporting points. These materials have different properties and thus exhibit unique abilities. Electrical insulation materials prevent or limit the flow of current on their surfaces due to low conductivity. These are useful when safety is to be provided from open electric systems or the flow of current is to be regulated. The rising use of electrical insulation materials owing to high growth in automation in construction industry and rise in...

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Carlyle Secured Lending, Inc. Announces Third Quarter 2022 Financial Results, Declares Total Fourth Quarter 2022 Dividends of $0.44 Per Share and Increases Quarterly Base Dividend Rate Again

NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2022. The full detailed presentation of CSL’s third quarter 2022 results can be viewed here. Linda Pace, CSL’s Chief Executive Officer said, “Our third quarter results were very strong with substantial increases in our sustainable income level and our net asset value driven by the continued solid credit performance of our portfolio. The combination of higher base rates, our stable portfolio and the current deployment environment enabled us to deliver growth in our core earnings. Based on these factors, we increased both our base and supplemental dividend rates for the fourth...

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Imperial Reports Third Quarter 2022 Financial Results

VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue increased to $41.7 million in the September 2022 quarter compared to $37.1 million in the 2021 comparative quarter, an increase of $4.6 million. In the September 2022 quarter, the Red Chris mine (100% basis) had 4.4 concentrate shipments (2021 – 4.0 concentrate shipments), and Mount Polley mine had...

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Stingray Reports Second Quarter Results for Fiscal 2023 with good momentum in Stingray Advertising

Organic growth of 8.6% year-over-year in Broadcast and Recurring Commercial Music Revenues(1) including 69.2% in the United States; Revenues increased 9.8% to $77.6 million from $70.7 million, including $7 million from Stingray Advertising operations; 760,000 streaming subscribers, up 24.4% over Q2 2022; Adjusted EBITDA(2) improved 5.6% to $27.0 million from $25.6 million. Adjusted EBITDA by segment amounted to $16.9 million or 37.7% of revenues for Broadcasting and Commercial Music, $11.3 million or 34.6% of revenues for Radio, and $(1.2) million for Corporate; Net income totaled $3.3 million ($0.05 per share) compared with $12.1 million ($0.17 per share); Adjusted Net income(3) reached $10.8 million ($0.15 per share) compared to $16.3 million ($0.23 per share); Cash flow from operating activities decreased 9.7% to $18.4 million ($0.26...

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Melcor Developments announces third quarter results, declares quarterly dividend of $0.15 per share

EDMONTON, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter ended September 30, 2022. Revenue was stable at $165.49 million year-to-date and up 9% at $61.14 million in the quarter as a result of the cyclical nature of the real estate industry and timing of sales in the current and comparative periods. Net income was $23.77 million in Q3-2022 compared to $16.56 million in Q3-2021. Net income is significantly impacted by swings in non-cash fair value adjustments on investment properties, REIT units and the conversion feature on our convertible debenture. As a result management relies on Funds From Operations (FFO) as a better reflection of Melcor’s true operating performance. FFO was...

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Portman Ridge Finance Corporation Announces Third Quarter 2022 Financial Results

Reports Strong Performance with Elevated Total Investment Income, Core Investment Income and Net Investment Income Quarter-over-Quarter Increases Quarterly Distribution to $0.67 per Share NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 HighlightsTotal investment income for the third quarter of 2022 was $19.0 million, of which $15.4 million was attributable to interest income from the debt securities portfolio. This compares to total investment income for the second quarter of 2022 of $15.0 million, of which $11.9 million was attributable to interest income from the debt securities portfolio. Core investment income1 for the third quarter of 2022,...

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Emergent BioSolutions Reports Financial Results For Third Quarter 2022

GAITHERSBURG, Md., Nov. 08, 2022 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE: EBS) today reported financial results for the third quarter ended September 30, 2022. “For more than 20 years, Emergent has been a dependable partner to customers, including the U.S. and allied governments, in helping prepare for public health threats through our products, services, and development programs,” said Robert G. Kramer, president and CEO. “As we continue to strengthen our operations, be guided by financial discipline, and evaluate opportunities for growth, we remain confident in our ability to deliver results for our patients, customers, and shareholders.” FINANCIAL HIGHLIGHTS (1)($ in millions, except per share amounts) Q3 2022 Q3 2021 % ChangeTotal Revenues $240.0 $329.0 (27)%Net Loss $(75.7) $(32.7) *Net Loss per Diluted...

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Logan Ridge Finance Corporation Reports Third Quarter 2022 Financial Results

Reports Net Investment Income of $0.07 per Share, a Significant Milestone for Logan Ridge Continues to Exit Legacy Equity Portfolio Positions and Redeploy Proceeds into Interest-Earning Investments NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (“LRFC”, “Logan Ridge” or the “Company”) (Nasdaq: LRFC) today announced its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 MilestonesReported positive Net Investment Income (NII) of $0.2 million or $0.07 per share, an increase of $1.1 million compared to the preceding 2022 quarter. Investment income increased $0.4 million due to net deployment as well as increase in base rate. Interest expense decreased $0.6 million due to the refinancing of the entire debt capital structure over the last year. Gross and net leverage increased...

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MRC Global Announces Third Quarter 2022 Results 

HOUSTON, Nov. 08, 2022 (GLOBE NEWSWIRE) — MRC Global Inc. (NYSE: MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced third quarter 2022 results. Net income attributable to common stockholders for the third quarter of 2022 was $18 million, or $0.21 per diluted share, as compared to the third quarter of 2021 net loss of ($17) million, or ($0.21) per diluted share. Adjusted net income attributable to common stockholders for the third quarter of 2022 was $36 million, or $0.42 per diluted share, as compared to the third quarter of 2021 adjusted net income of $8 million, or $0.09 per diluted share. MRC Global’s third quarter 2022 gross profit was $165 million, or 18.3% of sales, as compared to the third quarter 2021 gross...

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