Month: August 2023

Successfully Closes Two Strategic Acquisitions, Increases MYGA Volumes by $66m Quarter-over-Quarter, and Increases Insurance Net Investment Income Quarter-over-Quarter and Year-over-Year Declares Quarterly Distribution of C$0.02 Per Common Share in the Third Quarter of 2023, Marking the Sixteenth Consecutive Quarter of a Shareholder Distribution TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the quarter ended June 30, 2023. All amounts are stated in United States dollars, unless otherwise indicated. The financial results have been adjusted for the adoption of IFRS 17 Insurance Contracts (“IFRS 17”) which became effective January 1, 2023. IFRS 17 is effective for years beginning as of January 1, 2023, and has been applied retrospectively...

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report operating and financial results for the second quarter of 2023. A 70% operating margin1,2, combined with a 26% profit margin3 in the quarter delivered a return on capital employed (“ROCE”4) of 13% and return on equity (“ROE”4) of 15%, on a trailing 12-month basis. Additional highlights included:Funds from Operations5 of $0.81/diluted share – Generated $142 million in funds from operations (“FFO”) in Q2 2023, down 31% from Q2 2022 despite a 71% decline in the Henry Hub daily average gas price and current income tax of $11.6 million ($nil in Q2 2022). Free Funds Flow6 of $60 million – Free funds flow totaled $60 million in Q2 2023,...

(All dollar amounts in USD unless otherwise stated). VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) reported its operational and financial results for the three and six months ended June 30, 2023. The consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR+ at www.sedarplus.ca. The Company will host a conference call and webcast on August 10, 2023 commencing at 8:00am PDT to discuss the Company’s second quarter results. Additional details are provided at the end of this press release. Patrick Downey, President and CEO, commented “The Bomboré mine delivered another solid quarter of gold production which allowed the Company to reduce its debt by a further...

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and six months ended June 30, 2023, 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 was $85.8 million in the June 2023 quarter compared to $36.4 million in the 2022 comparative quarter. In the June 2023 quarter, the Red Chris mine (100% basis) had 3.6 concentrate shipments (2022-4.5 concentrate shipments). Mount Polley mine had 1.4 concentrate shipments (2022-nil concentrate shipments). Variations...

PHOENIX, Aug. 09, 2023 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the second quarter ended June 30, 2023. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q2 2023 Financial HighlightsTotal revenue increased $1.3 million, or 11.0%, to $13.0 million. Net income decreased $0.4 million, or 17.5%, to $1.7 million, or $0.07 per share. The primary reason for the decrease is the approximate $0.7 million in tax benefit experienced during Q2-2022 related to the rate decision. Adjusted EBITDA increased $0.6 million, or 10.5%, to $6.7 million (see definition of adjusted EBITDA, a non-GAAP term, and...

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operating results for the three (“Q2 2023’’) and six months (“YTD 2023”) ended June 30, 2023. Consolidated financial statements and management discussion and analysis can be found at www.sedarplus.ca and the Company’s website, www.calibremining.com. All figures are expressed in U.S. dollars. Q2 2023 HighlightsRecord gold sales of 69,009 ounces with $139.3 million total revenue, at an average realized gold price1 of $1,974/oz; Consolidated Total Cash Costs (“TCC”)1 of $977, and All-In Sustaining Costs (“AISC”)1 of $1,178 per ounce; Record adjusted net income2 of $33.6 million; $0.07 per basic share, a 133% increase over Q2 2022; Free cash flow of $15.9 million reflecting...

(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) —  Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the second quarter of 2023.        Second Quarter 2023 highlights FinancialAdjusted net income of $2.9 million or $0.01 per share Net income of $3.5 million or $0.01 per share Adjusted EBITDA1 of $44.4 million Net cash provided by operating activities $44.2 million and free cash flow from ongoing operations of $9.5 million Liquidity as of March 31, 2023 was $97.9 millionReturn to ShareholdersNCIB share repurchase program renewed for up to 5% of outstanding common shares (refer to Fortuna news release dated April 28, 2023)OperationalGold...

Records Tenth Consecutive Quarter of Positive Adjusted EBITDA Achieved Record Revenue Growth in New Jersey and Connecticut Streamlining Initiatives Underway in Preparation for Completion of Canopy USA Transaction NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the second quarter ended June 30, 2023 (“Q2 2023”). Second Quarter 2023 Financial HighlightsConsolidated revenue of $58.1 million, an increase of 3.8% compared to quarter ended March 31, 2023 (“Q1 2023”). Gross margin was 36%. Excluding the impact of non-cash inventory adjustments, gross margin for Q2 2023 was 44%. Adjusted EBITDA*...

Demonstrates Strong Revenue Growth Despite Challenging e-Commerce Environment Revises up Full Year 2023 Revenue Guidance REDMOND, Wash., Aug. 09, 2023 (GLOBE NEWSWIRE) — Hour Loop, Inc. (NASDAQ: HOUR) (“Hour Loop”), a leading online retailer, announces its financial and operational results for the quarter ended June 30, 2023. Financial Highlights for Second Quarter 2023:Net revenues increased 51.5% to $22.4 million, compared to $14.8 million in the year-ago period; Net loss totaled $0.8 million, compared to $0.3 million in the year-ago period; and Cash used for operating activities was $3.4 million and $12.7 million for the six months ended June 30, 2023 and 2022, respectively.Management Commentary “We are pleased to report our second quarter 2023 results, in which we continue to deliver significant revenue growth,” said Sam...