Day: January 23, 2024

Firan Technology Group (FTG) Reaches Agreement With Represented Employees for a New Four Year Contract

Written by Customer Service on January 23, 2024. Posted in Public Companies.

TORONTO, Jan. 23, 2024 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX:FTG) is pleased to announce a new contract with its represented employees at its Aerospace – Toronto facility has been negotiated and ratified. The contract has a four-year term and expires in August 2027. The contract recognizes the strong demand at that site, the commitment to continuous improvement by everyone, as well as the external environment impacting the corporation and its employees. With the ratification of this agreement, all employees will return to work immediately, ending a six-week work stoppage. The work stoppage negatively impacted customers, employees and investors. For customers, we will work diligently to get our deliveries back on track as quickly as possible, using all the resources we have available at FTG. For employees,...

Gran Tierra Energy Inc. Announces 2024 Guidance and Operations Update

Written by Customer Service on January 23, 2024. Posted in Public Companies.

2024 Capital Expenditure Budget of $210-240 Million and Expected 2024 Cash Flow1 of $280-320 Million in Base Case Plan to Drill 13-17 Development Wells and 6-9 High Impact Near-Field Exploration Wells Forecast 2024 Production of 32,000-35,000 BOPD, Increases of 4% from 2023, 11% from 2022 and 28% from 2021 Forecast 2024 Free Cash Flow2 of $175 Million Before Exploration, $75 Million After Exploration in Base Case Plan to Allocate Up to 50% of Free Cash Flow to Share Buybacks Met 2023 Production Guidance by Achieving 2023 Total Company Average Production of Approximately 32,650 BOPD, an Increase of 6% from 2022 Strong Results from the Costayaco-56 Well Producing Over 2,000 BOPD Achieved Company’s Best Safety Performance on Record in 2023 Development Drilling Campaigns Underway in Acordionero and Costayaco Fields with Encouraging ResultsCALGARY,...

Gran Tierra Energy Inc. Announces Strong Reserves Replacement and Meaningful Reserves Growth in 2023

Written by Customer Service on January 23, 2024. Posted in Public Companies.

Highest Year-End Total Company Reserves in Company History – 90 MMBOE 1P, 147 MMBOE 2P and 207 MMBOE 3P Added Total Company Reserves of 18 MMBOE 1P, 29 MMBOE 2P and 36 MMBOE 3P Achieved 154% 1P, 242% 2P and 303% 3P Reserves Replacement Fifth Consecutive Year of 1P Total Company Reserves Growth Incurred F&D Costs, Excluding Change in FDC, of $11.96 (1P), $7.58 (2P) and $6.06 (3P) per boe Net Present Value Before Tax Discounted at 10% of $1.9 Billion (1P), $3.1 Billion (2P), and $4.3 Billion (3P) Net Asset Value per Share of $18.79 Before Tax and $10.46 After Tax (PDP), $44.48 Before Tax and $24.06 After Tax (1P), and $79.13 Before Tax and $42.71 After Tax (2P)CALGARY, Alberta, Jan. 23, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE), a company focused...

Malaga Financial Corporation Reports Record Annual Earnings in 2023

Written by Customer Service on January 23, 2024. Posted in Earnings Releases And Operating Results.

PALOS VERDES ESTATES, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) — Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2023 was $22,981,000 ($2.56 basic and fully diluted earnings per share) compared to $21,352,000 ($2.38 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the twelve months ended December 31, 2022, an 8% increase. Net income for the quarter ended December 31, 2023, was $5,783,000 ($0.64 basic and fully diluted earnings per share), a decrease of $190,000 or 3% from net income of $5,973,000 for the quarter ended December 31, 2022 ($0.67 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023)....

First Community Bankshares, Inc. Announces Fourth Quarter 2023 Results and Quarterly Cash Dividend

Written by Customer Service on January 23, 2024. Posted in Earnings Releases And Operating Results.

BLUEFIELD, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended December 31, 2023. The Company reported net income of $11.78 million, or $0.66 per diluted common share, for the quarter ended December 31, 2023. Net income for the twelve months ended December 31, 2023, was $48.02 million or $2.72 per diluted common share. The Company also declared a quarterly cash dividend to common shareholders of twenty-nine cents $0.29 per common share. The quarterly dividend is payable to common shareholders of record on February 9, 2024, and is expected to be paid on or about February 23, 2024. This marks the 39th consecutive year of regular dividends to common...

Renasant Corporation Announces Earnings for the Fourth Quarter of 2023

Written by Customer Service on January 23, 2024. Posted in Earnings Releases And Operating Results.

TUPELO, Miss., Jan. 23, 2024 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the fourth quarter of 2023.(Dollars in thousands, except earnings per share) Three Months Ended Twelve Months Ended Dec 31, 2023 Sep 30, 2023 Dec 31, 2022 Dec 31, 2023 Dec 31, 2022Net income and earnings per share: Net income $ 28,124 $ 41,833 $ 46,276 $ 144,678 $ 166,068 After-tax loss on sale of securities (15,711 ) — — (33,927 ) — Basic EPS 0.50 0.75 0.83 2.58 2.97 Diluted EPS 0.50 0.74 0.82 2.56 2.95 Impact to diluted EPS from losses on the sale of securities (including impairments) 0.28 — — 0.60 — Adjusted diluted EPS (Non-GAAP)(1) 0.76 0.74 0.89 3.15 3.00 “The...

Finning to report Q4 and annual 2023 results on February 6 and hold investor call on February 7, 2024

Written by Customer Service on January 23, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 23, 2024 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”) will report Q4 and annual 2023 results on February 6, 2024 after markets close and hold the investor call on February 7, 2024 at 10:00 AM Eastern Time. To access the investor call, please dial one of the following numbers: 1-800-319-4610 (Canada and US); 1-416-915-3239 (Toronto area); 1-604-638-5340 (international). The investor call will be webcast live and archived for three months. Please visit our website to access the webcast and accompanying presentation. About FinningFinning is the world’s largest Caterpillar dealer, delivering unrivalled service to customers for over 90 years. Headquarters in Surrey, British Columbia, we provide Caterpillar equipment, parts, services, and performance solutions in Western Canada,...

Optiva Reports Preliminary Fourth Quarter and Full Year 2023 Revenue, and Provides Growth Outlook for 2024

Written by Customer Service on January 23, 2024. Posted in Public Companies.

All figures are in US dollars, unless otherwise expressed TORONTO, Jan. 23, 2024 (GLOBE NEWSWIRE) — Optiva Inc. (“Optiva” or the “Company”) (TSX: OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced preliminary revenue for the fourth quarter of approximately $12.0M and full year revenue for 2023 of approximately $47.5M. Financial results for the fourth quarter and for the full year will be reported and filed on SEDAR+ on or about March 6, 2024. Throughout 2023, Optiva aggressively focused on the innovation introduced into the telecom industry by new market entrants. These companies are seeking cloud-native business support systems (BSS) software that improves the customer experience and accelerates...

Helium Evolution Announces Most Recent Farmout Well Encounters Helium – Completion and Testing Proceeding

Written by Customer Service on January 23, 2024. Posted in Public Companies.

CALGARY, Alberta, Jan. 23, 2024 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce that its partner, North American Helium Inc. (“NAH”), has successfully completed drilling and casing of the farm-out well located at 9-35-3-9W3 (“Test Well Area #1”). NAH was responsible for 100% of the drilling costs for Test Well Area #1. Going forward, any joint operations involving Test Well Area #1 will be shared by NAH and HEVI at an 80% and 20% ratio, respectively. NAH and HEVI plan to complete, test and evaluate Test Well Area #1 in the coming weeks to verify the presence of helium and assess commerciality of this potential helium discovery, and will keep investors...

RecycLiCo Battery Materials Announces Zarko Meseldzija to Step Down from CEO and Board Positions

Written by Customer Service on January 23, 2024. Posted in Public Companies.

SURREY, British Columbia, Jan. 23, 2024 (GLOBE NEWSWIRE) — RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, announced today that Zarko Meseldzija will be stepping down from his roles as Chief Executive Officer of the Company and as a member of the Company’s Board of Directors. The Board has begun searching for a successor to lead the Company in its growth phase to become a leading supplier of sustainable lithium-ion battery recycling technology. Mr. Meseldzija will remain with the Company through February 29, 2024 and will be assisting with the transition process, which is not expected to have any adverse impact on the Company’s project timelines or day-to-day operations. Paul Hildebrand, the Chairman of the Board said, “Zarko has been an integral part of RecycLiCo’s journey....

Day: January 23, 2024

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