Day: May 8, 2023

TERRE HAUTE, Ind., May 08, 2023 (GLOBE NEWSWIRE) — Hallador Energy Company (NASDAQ – HNRG) today reported a net income of $22.1 million, $.67 basic earnings per share, and adjusted EBITDA of $34.0 million for the quarter ended March 31, 2023.   Brent Bilsland, President and Chief Executive Officer, stated, “We have delivered strong back-to-back quarters of increasing EBITDA and ongoing debt reduction, which has significantly delevered our balance sheet to 1.2 times debt to EBITDA.  We expect coal pricing for the balance of the year to remain robust, and we are excited by additional opportunities for coal, electricity, and capacity sales on the horizon.” Below are highlights for the first quarter of 2023:The Company reported profitability of $22.1 million and operating cash flow of $26.1 million on the continued strength...

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2023. “This quarter we completed a series of large financing transactions involving shares of our McEwen Copper subsidiary, which has increased the market value attributable to our copper business to $550 million (for 100%) from $257 million at the conclusion of the prior financing round in August 2022. As 52% owner, McEwen Mining shareholders are benefitting from this value accretion, which validates the strategy we set out in July 2021 to surface value from Los Azules by funding it independently,” said Rob McEwen, Chairman and Chief Owner. “Our 100% owned precious metal mines generated a gross profit this quarter, although McEwen Copper expenses obscures our improved...

Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce its financial results for the three months ended March 31, 2023 (the “quarter”). HIGHLIGHTSRoyalty Pool Sales(1) up 35.4% to $191.9M for the quarter KRL Average Sales per Operating Week(1) up 15.3.% to $140,000 per operating week Distributable Cash(1) up 53.7% to 34.0 cents/Fund unit for the quarter Payout Ratio(2) was 83.4% for the quarterRoyalty Pool Sales reported by the 107 Keg restaurants in the Royalty Pool were $191,874,000 for the quarter, an increase of $50,169,000 or 35.4% from the comparable quarter of the prior year. The increase in Royalty Pool Sales during the first quarter of 2023 was primarily...

Secured contract for East West Jones properties for purchase price of $36 million HOUSTON, May 08, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2023. Highlights for the quarter ended March 31, 2023:Backlog and awarded contracts at the end of the first quarter totaled $1.1 billion Entered into a sales contract for the Company’s East West Jones properties for a purchase price of $36 million Contract revenues decreased 9.0% to $159.2 million Net loss was $12.6 million or $0.39 per diluted share Adjusted EBITDA was negative $4.1 millionSee definitions and reconciliation of non-GAAP measures elsewhere in this release. Management Commentary “Our first quarter results did not meet...

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months ended March 31, 2023 (“Q1 2023”). Q1 2023 Highlights1Record quarterly net investment income of $32.7 million (up 44.2% from Q1 2022) Record net income and comprehensive income of $18.1 million, up from $13.8 million in the same period last year. Basic and diluted earnings per share were $0.22 and $0.21, respectively. Delivered distributable income and adjusted distributable income of $18.3 million, or $0.22 per share (Q1 2022 – $15.2 million, $0.18 per share) representing a payout ratio of 79.1% on both distributable income and adjusted distributable income which continues to be ahead of Management’s target payout range. Declared $14.5 million in dividends to shareholders, or...

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today released its first quarter 2023 financial results. All amounts are in U.S. dollars, unless otherwise noted. First Quarter Operating and Financial Results; Production and Cost Guidance ReaffirmedConsolidated production in the first quarter included 22,562 tonnes of copper and 47,240 ounces of gold. Consolidated cash cost and sustaining cash cost per pound of copper produced, net of by-product creditsi, were $0.85 and $1.83, respectively, representing an improvement of 21% and 17%, respectively, compared to the fourth quarter of 2022. Reaffirmed full year 2023 consolidated production guidance of 100,000 to 128,000 tonnes of copper at a cash cost of $0.40 to $0.80 per poundii and sustaining cash cost of $1.35 to $2.05...

(all amounts in US dollars, unless otherwise noted)Figure 1: April 2023 aerial view of the Tucumã Project, including (A) administrative offices, laboratories, fuel station, and equipment maintenance area, (B) flotation and filtration, (C) ball mill, (D) crushed ore stockpile, (E) main substation, (F) secondary and tertiary crushers, and (G) primary crusher.Figure 2 Civil works underway at the Tucumã Project’s primary crushing area (April 2023).Figure 3 Ball mill components upon arrival at the Tucumã Project (April 2023).Figure 4 Surface infrastructure as of April 2023 at the Caraíba Operations’ new external shaft, including (A) the stage winder foundation, (B) shaft collar, (C) center tower steel erection, (D) foundation and exterior steel frame for the permanent rock and personnel winders, and (E) headgear steel...

NORWOOD, Mass., May 08, 2023 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the first quarter ended March 31, 2023. “I am pleased to report another solid quarter,” said Jon Levine, Chief Executive Officer. “We reported our 13th consecutive quarter of positive adjusted EBITDA, and we expect to generate our fourth consecutive year of positive operating cash flow. MariMed is one of the only companies in the cannabis industry to report positive cash flows and positive EBITDA over this extended period of time.” Financial Highlights1 The following table summarizes the Company’s consolidated financial highlights (in millions, except percentage amounts):  Three months...

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operating results for the three months ended March 31, 2023 (“Q1 2023”). Consolidated Financial Statements and Management Discussion & Analysis for the three months ending March 31, 2023 can be found at www.sedar.com and the Company’s website, www.calibremining.com. All figures are expressed in U.S. dollars unless otherwise stated. Q1 2023 HIGHLIGHTSRecord gold sales of 65,770 ounces grossing $126.9 million in revenue at an average realized gold price1 of $1,891/oz; Consolidated Total Cash Costs (“TCC”)1 of $1,164/oz; Nicaragua $1,131/oz and Nevada $1,331/oz; Consolidated All-In Sustaining Costs (“AISC”)1 of $1,302/oz; Nicaragua $1,241/oz and Nevada $1,363/oz; Generated...

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) reported first quarter 2023 results today. All monetary amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTSAll comparisons are to Q1 2022 results unless indicated otherwise.Q1 2023 EPS (1) was $0.89, up 51% from Q1 2022, driven by revenue growth and expanded operating margins. We took several actions in Q1 2023 to simplify our operating model described on page 9. These actions had no net impact on Q1 2023 EPS. Q1 2023 revenue of $2.4 billion and net revenue (2) of $2.1 billion were up 22% and 23%, respectively, from Q1 2022, led by a 27% increase in product support revenue and 18% higher new equipment sales. We continue to hire technicians and increase our workshops’...