Year: 2023

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and nine months ended September 30, 2023. Q3 2023 PERFORMANCE HIGHLIGHTS Source achieved the following key highlights during the third quarter of 2023:realized sand sales volumes of 709,826 per metric tonne (“MT”) and sand revenue of $102.2 million, a $5.0 million increase from the third quarter of 2022;generated total revenue of $124.7 million, a $4.8 million increase from the third quarter of 2022; realized gross margin of $25.0 million and Adjusted Gross Margin(1) of $30.8 million, increases of 53% and 46%, respectively, when compared to the same period in 2022; reduced the principal value of total debt outstanding by $17.1 million from the end of 2022, and...

Successfully Closes Strategic Acquisition, $0.65 Increase in Basic Earnings per Share Quarter-over-Quarter, Record Quarter for Asset Management Fee Revenues, and Completes $250 million Multi-Year Guaranteed Annuities (“MYGA”) Reinsurance Obligations Raises $17 million of Capital to Support Insurance Segment Growth Activities Declares Quarterly Distribution of C$0.02 Per Common Share in the Third Quarter of 2023, Marking the Seventeenth Consecutive Quarter of a Shareholder Distribution TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the quarter ended September 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...

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to celebrate 25 years of successful operations in the Canadian energy industry with its financial results for the third quarter of 2023 and a preliminary capital plan for 2024. Q3 2023 Highlights:Peyto announced on September 6, 2023, the acquisition of Repsol Canada Energy Partnership (“Repsol”) for cash consideration of $US468 million ($636 million) prior to post-closing adjustments (the “Acquisition”). The Acquisition provides Peyto with over 800 low-risk, high-quality drilling locations1 and synergistic infrastructure to allow for the optimization of production and costs in the Greater Sundance Area. Peyto closed the Acquisition on October 17, 2023, therefore no contribution from the...

Initiates Sales Process for Goldboro Assets CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its third quarter 2023 financial and operating results. Pieridae generated Net Operating Income (“NOI”)1 of $12 million and produced 30,253 boe/d (86% natural gas) as the Company conducted its scheduled maintenance turnaround at the Waterton gas processing facility (the “Waterton Turnaround”) during the third quarter. The Company’s management’s discussion and analysis (“MD&A”) and unaudited interim consolidated financial statements and notes for the quarter ended September 30, 2023 are available at www.pieridaeenergy.com and on SEDAR at http://www.sedarplus.ca/. Pieridae also announces it has initiated a process to sell its Goldboro subsidiary...

HOUSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (the “Company”) reported today its Q3 2023 financial and operational highlights. The Company’s financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2023 are available under the Company’s profile at www.sedarplus.com and on the Company’s website at www.itafos.com. All figures are in thousands of US Dollars except as otherwise noted. CEO Commentary “We are pleased to report solid financial results and the continuation of our strong safety and operational performance in Q3 2023. For the nine months ending September 30, 2023, we reported revenues of $346.5 million and adjusted EBITDA of $102.3 million. During the third quarter, we continued to successfully execute our business plan and made significant progress...

Figure 1Fox Mine Complex annual gold productionFigure 2Gold Bar Mine daily gold productionTORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports its results for the third quarter (Q3) and nine months ended September 30th, 2023. Operational and Financial HighlightsConsolidated GEO production in Q3 improved by 8% compared to both Q2/23 and Q3/22. We produced 38,500 GEOs(1) in Q3, and 104,400 GEOs for the nine months ended September 30th. We reiterate our consolidated production guidance is at the lower end of our range of 150,000 to 170,000 GEOs for the year (see Table 1). We continue to meet safety standards at our 100% owned operations. During Q3, we had no lost-time incidents at our Fox Complex, Gold Bar Mine, and El Gallo operations. In Q3, our Fox Mine Complex performed...