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Hang in E.A.P. Good things are coming imo.
The MJ stocks are GOING to BOOM....
This BS the news AHes are spewing will all blow over and we'll ALL make a BUNCH-O-CASH!!!
I agree with you Razor BUT
if the news are just a bunch of rumor mills and lyers, that keep stirring the pot?
I watched CNN a little, just to get what they were saying and THEY already have Sessions convicted, busted and drummed out of office. They NEED to report news as it happens rather than as they want it.
People NEED the TRUTH NOT OPINION!!!
JMO
Yeah, maybe. But what will it do to the country?
Just saw Paul Ryan on Fox saying it all BS.
I'm saying it's just another false news by CNN, MSNBC, ABC, ect ect.
THEY want Trump and Trump's cabinet at ANY COST!! Even if it destroys the USA. Sad.
I'd MUCH rather lose a few bucks on a MJ stock than lose my FREEDOM. The liberals want to make America global and on the same level of all the other 3rd world countries, so we can all be "equal and poor" ruled by a hand full of "elites.
NO THANKS!!! I'll take my poor FREE life instead.......
It'll be in the .30s by first of Apr. How many short do YOU have to cover?
No!! Tell me NOOOOO!!!!! I swear I didn't Knowwwww.
PLEASE, when I'm taking all that profit, end of March, Please Please forgive me????
I agree Archery except for one thing,
Just because one may be a Republican does NOT mean one can't celebrate legal reefer!!! lol
That's what the Dems WANT you to believe. I know Dems that a against da pot also.
Yep. You right. Thanks
YES HE HAS!!! How many times I have to post this????
Just relax. It'll happen.
The Press Sec. doesn't run the country. It was his "opinion". It's POTUS Trump's opinion that matters. He shared HIS opinion a while ago.
Once the law changes, and it will imo, Sessions will shrug his shoulders a say something like, "okay, if that's what the law is, so be it". Then go on to something else.
JMO
STOP spreading FALSE rumors. THAT's just wrong imo
...then it's a wolverinw609 lol
ITKG is a "LONG" imo. Give it a chance to blossom and GET RICH!!! lol
Take a look at this Karma.....
https://www.karmaautomotive.com
Then read THIS Press Release:
http://ir.electriplast.com/press-releases/detail/722/electriplast-material-chosen-for-high-voltage-connector-for
ElectriPlast Material Chosen For High Voltage Connector for Karma Automotive, LLC
Download PDF
EVANSVILLE, Ind., Feb. 2, 2017 /PRNewswire/ -- ElectriPlast Corporation, a wholly owned subsidiary of Integral Technologies, Inc. [OTCBB: ITKG], and makers of the ElectriPlastâ„¢ line of electrically conductive resins, announced today they have been selected and supplied ElectriPlastâ„¢ conductive plastics for use in the Karma Revero plug-in hybrid electric vehicle.
The ElectriPlast engineering team assisted in the successful development of a retainer for high voltage ("HV") connectors. The connector retainer is a key component of the connector that holds the cable seals in place and limits cable movement and provides electromagnetic interference (EMI) and radio frequency interference (RFI) shielding.
"ElectriPlast EP-SS/66 was the product for the cable retainer on Karma HV connectors," stated Slobodan (Bob) Pavlovic, ElectriPlast's VP of Engineering. "This is one of the products we offer that provides both electrical shielding and the elastic properties needed for the retainer. The retainer has very tight electrical shielding requirements and working with the customer, we were able to fine tune the parameters to achieve less than 10 milliohms resistance across the retainer volume which correlates with high shielding effectiveness. The HV connector has been fully validated at the vehicle level."
The Revero is a luxury plug-in electric hybrid vehicle built in Southern California. It will be the first car sold in the U.S. powered by electricity, gas and solar. The solar roof not only charges the 12V battery, but also charges the HV battery, adding to the electric range.
"The HV connector is a universal design that can support both DC (2 wire) and AC (3 wire) connections, as well as high power requirements up to 500 amps via parallel wiring / four (4) wires for DC applications, each pole having one (1) pair of wires," stated Mo Zeidan, ElectriPlast's CTO.
"We appreciate Karma's leadership in using ElectriPlast for their HV connector application and are excited about the opportunities to assist them as they apply our materials to HV connectors and enclosures as the lightweighting solution for HEV/EV energy storage, power management and power distribution systems," stated Doug Bathauer, Integral's CEO.
The electric vehicle market remains robust with http://www.insideevs.com reporting 2016 sales of plug-in hybrids in the US at 170,000 vehicles, a nearly 40% increase from 2015, and worldwide sales of plug-in hybrids at nearly 700,000 vehicles. Bloomberg New Energy Finance ("Bloomberg") suggests that further, big reductions in battery prices lie ahead, and that during the 2020s EVs will become a more economic option than gasoline or diesel cars in most countries. The Bloomberg study, published in 2016, forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales. This would be almost 90 times the equivalent figure for 2015 EV sales.
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-BB: ITKG) and wholly owned subsidiary ElectriPlast Corp, engage in the discovery, development, and commercialization of electrically conductive hybrid plastics used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material whose properties allow it to be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40 to 60%. Integral is a leader in conductive hybrid plastics with a broad Intellectual Property portfolio referencing its ElectriPlast technology. Applications for ElectriPlast include: Shielding Wire, Power Electronics, Connectors, and Cables; Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, RFID, Bus bars and Terminals.
About Karma Automotive LLC
Karma Automotive, an American car company of luxury hybrid plug-in vehicles, is based in Southern California. Please go to http://karmaautomotive.com/ for more company information.
I now an owner of 9450 shares!!
Going to put it on Fbook, Twitter, Google.......YOU should do the same
POTUS WILL "leave it up to the states" LISTEN PLEASE
DALLAS, March 1, 2017 /PRNewswire/ -- North American Cannabis Holdings, Inc. (USOTC: USMJ) in conjunction with Puration, Inc. (USOTC: PURA), ML Capital Group, Inc. (USOTC: MLCG), City Blends Smoothie Cafe, and Nature Comfort Meds, today announced the presentation of a Commendation for Leadership and Bravery to Jaren Suber in recognition of his dauntless six year battle against a rare pediatric brain cancer and his recent decision to lead the way for cancer patients everywhere by exploring the potential of cannabinol (CBD) treatment. The award was presented yesterday at USMJ's prototype AmeriCanna Cafe in the Dallas Metroplex.
In conjunction with the commendation, Jaren, accompanied by his mother and father, will realize his lifelong dream of visiting the Hawaiian Islands. The trip is made possible by MLCG and its subsidiary, Platinum Tours of Maui. The Subers will embark on a luxury, one-week adventure, including airfare, 5-star accommodation and a "dream tour" across the island of Maui, created specifically for Jaren, culminating in a private helicopter excursion like no other.
Upon their return form Maui, Jaren is invited to visit a CBD cancer treatment trial for evaluation as a candidate for treatment. The ongoing trial is being conducted by PURA's joint venture partner, Natures Comfort Meds.
Jaren was diagnosed six years ago with Pineoblastoma, a rare pediatric brain cancer. After years of battling his cancer with conventional treatments, Jaren recently decided to pursue cannabinol (CBD) treatment after receiving news in January this year that his cancer was progressing. CBD comes from the cannabis plant. It is a non-hallucinogenic cannabinoid that has been shown to have a number of medicinal benefits from treating arthritis to reducing cancer cells.
Jaren's mother, Karen Suber recently came into USMJ's prototype AmeriCanna Cafe located in the Dallas metroplex asking for CBD. Karen shared Jaren's story with Troy Suddarth when she visited the store. USMJ purchased the City Blends Cafe licensed shop form Mr. Suddarth and he continues to work with USMJ running the store and helping to develop the AmeriCanna Cafe concept. Troy was moved by Jaren's story and jumped into action to rally USMJ resources and partnerships to do whatever could be done for Jaren.
LEARN MORE ABOUT JAREN'S STORY AND READ HIS COMMENDATION
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
USMJ Contact:
Steven Rash
Phone: +1-972-528-0162
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/corporations-backing-the-legalization-of-cannabis-for-wellness-present-texas-teen-with-commendation-for-leadership-and-bravery-300415899.html
SOURCE North American Cannabis Holdings, Inc.; Puration, Inc.; ML Capital Group, Inc.
/Web site: http://www.purationinc.com
(END) Dow Jones Newswires
March 01, 2017 08:00 ET (13:00 GMT)
Puration, Inc. (PURA) and Alkame Holdings, Inc. (ALKM) today announced that the two Companies will partner to introduce a second EVERx Bottled Water product at the upcoming Annual Arnold Sports Festival (formerly the 'Arnold Classic' named for Arnold Schwarzenegger) in Columbus, Ohio this week, starting March 2nd, 2017. PURA previously announced the launch of its EVERx CBD Infused Bottled Water to take place at the Arnold. Today, the two companies are announcing that PURA will private label ALKM's patented Alkaline Water under the EVERx brand name. Both EVERx CBD Infused Bottled Water and EVERx Alkaline Bottled Water will be launched at the Arnold.
Title contender, number three ranked UFC MMA women's bantamweight fighter, Julianna Peña will be the EVERx Brand Spokesperson at the Arnold for both EVERx CBD Infused Bottled Water and EVERx Alkaline Water.
ALKM's patented technology alters the structure of water, producing a combination of characteristics that are unprecedented in the beverage industry. The ALKM technology breaks down the hydrogen bonds, reducing water's cluster size, providing a more efficient delivery system for the CBD in the EVERx CBD Infused Bottled Water, and the ALKM technology includes an optimal alkaline pH level formulated with antioxidants and electrolytes so that the EVERx Alkaline Bottled water can deliver most effective hydration available in the alkaline water market.
To learn more about the EVERx Brand Product Launch at the Arnold Sports Festival, follow the link below:
EVERx BRAND LAUNCH AT THE ARNOLD SPORTS FESTIVAL
To learn more about Puration: http://www.purationinc.com
Follow Puration on Twitter: Puration710
Visit Puration on Facebook: http://www.Facebook.com/puration/
To learn more about Alkame Holdings, Inc.: alkameholdingsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
Puration Contact:
Brian Shibley, CEO
info@purationinc.com
+1-214-937-9097
Agree GB. CA would be FAST to license also....
They WANT rec. reefer stores.
That's crap gogoyears.....Trump wants to
leave it to the states decisions!!! Watch and listen for yourself. Direct question on reefer with direct answer from POTUS TRUMP's mouth!!!
10Q OUT!!!! Link.....
http://seekingalpha.com/filing/3434901?uprof=45
DALLAS, February 28, 2017 /PRNewswire/ --
Puration, Inc. (USOTC: PURA) and Alkame Holdings, Inc. (USOTC: ALKM) today announced that the two Companies will partner to introduce a second EVERx Bottled Water product at the upcoming Annual Arnold Sports Festival (formerly the 'Arnold Classic' named for Arnold Schwarzenegger) in Columbus, Ohio this week, starting March 2(nd) , 2017. PURA previously announced the launch of its EVERx CBD Infused Bottled Water to take place at the Arnold. Today, the two companies are announcing that PURA will private label ALKM's patented Alkaline Water under the EVERx brand name. Both EVERx CBD Infused Bottled Water and EVERx Alkaline Bottled Water will be launched at the Arnold.
Title contender, number three ranked UFC MMA women's bantamweight fighter, Julianna Peña will be the EVERx Brand Spokesperson at the Arnold for both EVERx CBD Infused Bottled Water and EVERx Alkaline Water.
ALKM's patented technology alters the structure of water, producing a combination of characteristics that are unprecedented in the beverage industry. The ALKM technology breaks down the hydrogen bonds, reducing water's cluster size, providing a more efficient delivery system for the CBD in the EVERx CBD Infused Bottled Water, and the ALKM technology includes an optimal alkaline pH level formulated with antioxidants and electrolytes so that the EVERx Alkaline Bottled water can deliver most effective hydration available in the alkaline water market.
To learn more about the EVERx Brand Product Launch at the Arnold Sports Festival, follow the link below:
EVERx BRAND LAUNCH AT THE ARNOLD SPORTS FESTIVAL
To learn more about Puration: http://www.purationinc.com
Follow Puration on Twitter: Puration710
Visit Puration on Facebook: http://www.Facebook.com/puration/
To learn more about Alkame Holdings, Inc.: alkameholdingsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
Puration Contact:
Brian Shibley, CEO
info@purationinc.com
+1-214-937-9097
SOURCE Puration, Inc.
(END) Dow Jones Newswires
February 28, 2017 08:00 ET (13:00 GMT)
Dallas, TX – February 23, 2017 -InvestorsHub NewsWire - Puration, Inc. (USOTC: PURA) and Alkame Holdings, Inc. (USOTC: ALKM) today announced that the two Companies will partner to introduce a second EVERx Bottled Water product at the upcoming Annual Arnold Sports Festival (formerly the ‘Arnold Classic’ named for Arnold Schwarzenegger) in Columbus, Ohio this week, starting March 2nd, 2017. PURA previously announced the launch of its EVERx CBD Infused Bottled Water to take place at the Arnold. Today, the two companies are announcing that PURA will private label ALKM’s patented Alkaline Water under the EVERx brand name. Both EVERx CBD Infused Bottled Water and EVERx Alkaline Bottled Water will be launched at the Arnold.
Title contender, number three ranked UFC MMA women's bantamweight fighter, Julianna Peña will be the EVERx Brand Spokesperson at the Arnold for both EVERx CBD Infused Bottled Water and EVERx Alkaline Water.
ALKM's patented technology alters the structure of water, producing a combination of characteristics that are unprecedented in the beverage industry. The ALKM technology breaks down the hydrogen bonds, reducing water's cluster size, providing a more efficient delivery system for the CBD in the EVERx CBD Infused Bottled Water, and the ALKM technology includes an optimal alkaline pH level formulated with antioxidants and electrolytes so that the EVERx Alkaline Bottled water can deliver most effective hydration available in the alkaline water market.
To learn more about the EVERx Brand Product Launch at the Arnold Sports Festival, follow the link below:
EVERx BRAND LAUNCH AT THE ARNOLD SPORTS FESTIVAL
To learn more about Puration: purationinc.com
Follow Puration on Twitter: Puration710
Visit Puration on Facebook: Facebook.com/puration/
To learn more about Alamke Holdings, Inc.: alkameholdingsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
Puration Contact:
Brian Shibley, CEO
info@purationinc.com
+1-214-937-9097
Have ya all seen this??
http://www.marketwatch.com/story/electriplast-material-chosen-for-high-voltage-connector-for-karma-automotive-llc-2017-02-02
and this:
http://www.marketwatch.com/story/integral-and-nova-polymers-announce-strategic-alliance-2017-02-13
Except for the fact they're going to need "more" shares, they have diluted near all the approved, I'm interested. Check out "The Revero".
On watch for sure......
OUTLOOK
Production and cash FY 2017 Guidance FY 2016 Actual
cost guidance
Total silver equivalent
ounces(1) 4,000,000 - 4,100,000 3,884,960
Total payable silver ounces 1,950,000 - 2,000,000 2,010,252
Cash cost(2) $ 5.00 -- 6.00 $ 3.65
AISC(2) $ 14.00 -- 16.00 $ 10.99
For 2017, the Company expects cash cost to increase due to increases in site costs and increased expenditures on definition drilling aimed at reducing grade variability and improving mine planning. AISC is also expected to increase due to the increase in cash cost and greater investment in drilling, development and capital projects. In particular, AISC will reflect the non-recurring capital expenditures in the new tailings facility at Topia which will primarily be incurred in the first quarter of 2017.
The Company provides the following guidance for capital expenditures and EE&D expenses.
Capex and EE&D expense guidance FY 2017 Guidance FY 2016 Actual
(in millions)
Capital expenditures $ 6.3 -- 7.3 $ 4.8
EE&D expenses -- operating mines $ 3.5 -- 4.5 $ 3.0
_______________________
(1) For 2017 guidance, Ag eq oz have been established
using a 70:1 Au:Ag ratio, and ratios of 1:0.0559 and
1:0.676 for the USD price of silver ounces to the
USD price for lead and zinc pounds, respectively.
For 2016, Ag eq oz were calculated using a 70:1 Ag:Au
ratio, and a ratio of 1:0.0504 for the USD price of
silver ounces to the USD price for both lead and zinc
pounds.
(2) Cash cost and AISC are non-IFRS measures. Refer
to the Non-IFRS Measures section of this MD&A for
an explanation of these measures and reconciliation
to the Company's reported financial results in accordance
with IFRS. As these are not standardized measures,
they may not be directly comparable to similarly titled
measures used by others.
WEBCAST AND CONFERENCE CALL TO DISCUSS FISCAL YEAR 2016 FINANCIAL RESULTS
Great Panther will hold a live webcast and conference call to discuss the financial results on February 28, 2017, at 8:00 am Pacific Time. Hosting the call will be Mr. Robert Archer, President and CEO, and Mr. Jim Zadra, CFO and Corporate Secretary.
Shareholders, analysts, investors and media are invited to join the live webcast and conference call by logging in or calling in five minutes prior to the start time.
Live webcast and registration www.greatpanther.com
U.S. & Canada Toll-Free 1 866 832 4290
International Toll +1 919 825 3215
Conference ID 66679597
A replay of the webcast will be available on the Investors section of the Company's website approximately one hour after the conference call.
NON-IFRS MEASURES
The discussion of financial results in this press release includes reference to mine operating earnings before non-cash items, EBITDA, adjusted EBITDA, cash cost, cash cost per silver equivalent ounce, AISC and AISC per Ag eq oz, which are non-IFRS measures. The Company provides these measures as additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the year ended December 31, 2016 for definitions and reconciliations of these measures to the Company's financial statements.
ABOUT GREAT PANTHER
Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. Great Panther's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango. In addition, the Company has recently signed an agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru.
Robert A. Archer
President & CEO
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato Mine Complex and Topia Mines in Mexico, exploring its other properties in Mexico and Peru, the overall economic potential of its properties, the availability of adequate financing, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, uncertainty in mineral resource estimation, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, permitting risks, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's most recently filed Annual Information Form and Material Change Reports filed with the Canadian Securities Administrators available at www.sedar.com and reports on Form 40-F and Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov.
Great Panther Silver Limited
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Expressed in thousands of US dollars)
As at December 31, 2016 and 2015, and January 1, 2015
December 31, December 31, January 1,
2016 2015 2015
Assets
Current assets:
Cash and cash
equivalents $ 41,642 $ 13,685 $ 13,767
Short-term deposits 15,020 - -
Trade and other
receivables 10,178 9,635 8,326
Inventories 5,744 6,540 6,841
Other current assets 529 850 575
73,113 30,710 29,509
Non-current assets:
Mineral properties,
plant and equipment 14,096 16,284 22,809
Exploration and
evaluation assets 2,112 4,158 2,361
Intangible assets 22 85 280
Deferred tax asset 98 316 54
$ 89,441 $ 51,553 $ 55,013
Liabilities and
Shareholders' Equity
Current liabilities:
Trade and other
payables $ 6,017 $ 5,233 $ 4,296
Derivative liabilities 536 - -
Non-current
liabilities:
Reclamation and
remediation provision 3,466 3,649 2,588
Deferred tax liability 2,134 3,064 3,133
12,153 11,946 10,017
Shareholders' equity:
Share capital 128,485 96,268 95,143
Reserves 18,115 8,533 7,890
Deficit (69,312) (65,194) (58,037)
77,288 39,607 44,996
$ 89,441 $ 51,553 $ 55,013
Great Panther Silver Limited
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Expressed in thousands of US dollars, unless otherwise
noted)
For the years ended December 31, 2016 and 2015
2016 2015
Revenue $ 61,881 $ 56,218
Cost of sales
Production costs 34,153 37,802
Amortization and depletion 5,436 13,763
Share-based compensation 270 287
39,859 51,852
Mine operating earnings 22,022 4,366
General and administrative expenses
Administrative expenses 4,959 5,434
Amortization and depletion 140 200
Share-based compensation 714 448
5,813 6,082
Exploration, evaluation and
development expenses
Exploration and evaluation expenses 3,286 3,330
Mine development costs 2,799 2,839
Share-based compensation 42 211
6,127 6,380
Impairment charges 1,679 2,303
Finance and other (expense) income
Interest income 225 223
Finance costs (99) (131)
Foreign exchange (loss) gain (11,135) 3,121
Other (expense) income (3) 25
(11,012) 3,238
Loss before income taxes (2,609) (7,161)
Income tax expense (recovery)
Current expense 1,918 368
Deferred recovery (409) (372)
1,509 (4)
Net loss for the year $ (4,118) $(7,157)
Other comprehensive income (loss),
net of tax
Items that are or may be
reclassified subsequently
to net income (loss):
(MORE TO FOLLOW) Dow Jones Newswires
February 27, 2017 18:52 ET (23:52 GMT)- - 06 52 PM EST 02-27-17
Great Panther Silver Reports Fiscal Year 2016 Financial Results
Canada NewsWire
VANCOUVER, Feb. 27, 2017
TSX: GPR
NYSE MKT: GPL
VANCOUVER, Feb. 27, 2017 /CNW/ - GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE MKT: GPL) ("Great Panther"; or the "Company") today reported financial results for the Company's year ended December 31, 2016. The full version of the Company's consolidated financial statements and Management's Discussion and Analysis ("MD&A") can be viewed on the Company's website at www.greatpanther.com or SEDAR at www.sedar.com. All shareholders can receive a hard copy of the Company's complete audited financial statements free of charge upon request. All financial information is prepared in accordance with IFRS, except as noted under the Non-IFRS Measures section.
Great Panther commenced reporting its financial results in US dollars as of the third quarter of 2016. Accordingly, all dollar amounts expressed in this news release, and the associated financial statements and MD&A, are in US dollars ("USD"), unless otherwise noted. Periods prior to the third quarter of 2016 were reported in Canadian dollars ("CAD"), and have been restated to USD using the July 1, 2016 CAD/USD exchange rate of 1.3052.
"Improved metal prices, combined with a 20% reduction in our all-in sustaining costs to $10.99, resulted in Great Panther delivering a 404% increase in mine operating earnings in 2016," stated Robert Archer, President & CEO. "Significantly improved operating cash flow, combined with the proceeds of financings completed in 2016, enabled us to end the year with $67 million in net working capital, no debt, and positions us well to capitalize on growth opportunities such as the recently signed Coricancha acquisition."
Improved metal prices and significantly lower costs drove substantial improvements in margins and cash flow in 2016, including a $17.6 million increase in mine operating earnings. Despite the substantial increase in mine operating earnings, the Company reported a net loss of $4.1 million for 2016, mainly due to foreign exchange losses of $11.1 million. The majority of the foreign exchange losses are non-cash and relate to the revaluation of foreign-denominated assets and liabilities, including certain intercompany balances, for fluctuations in exchange rates. These primarily arose in the first half of 2016 prior to change-over from Canadian dollar to US dollar reporting and related changes in functional currencies of some of the Great Panther group companies. The 2016 financial results also reflected a $1.7 million write-down associated with the termination of an option to purchase the Coricancha mine in May of 2016. Later in the year, Great Panther successfully re-negotiated and concluded an agreement to purchase the Coricancha mine.
Cash costs of $3.65 per payable silver ounce for 2016 represented a 51% decrease over the prior year, and all-in sustaining costs per payable silver ounce ("AISC") were down 20%, and both were below the Company's guidance. The decline in the Mexican peso relative to the US dollar was a significant factor in the reduction of these costs.
The construction of the Phase II tailings storage facility and related plant upgrades at the Topia Mine are progressing well, and the Company expects to restart processing before the end of the first quarter, as planned. The costs of the project will be accounted for as sustaining capital expenditures. This, along with the impact of suspended production for a good portion of the quarter, will result in adverse cash cost and AISC metrics for the first quarter. The impact on the full-year cash cost and AISC will be less pronounced. See the Outlook section for a more detailed discussion.
Fiscal Year 2016 compared to Fiscal Year 2015, unless otherwise noted:
-- Metal production decreased 7% to 3,884,960 silver equivalent ounces ("Ag
eq oz");
-- Silver production decreased 14% to 2,047,260 ounces;
-- Gold production increased 2% to 22,238 ounces, an annual record;
-- Cash cost decreased 51% to $3.65 per payable silver ounce, and was below
guidance;
-- Cash cost per Ag eq oz decreased 9% to $10.35;
-- AISC decreased 20% to $10.99 per payable silver ounce, and was also below
guidance;
-- AISC per Ag eq oz decreased 5% to $14.29;
-- Revenue increased 10% to $61.9 million;
-- Mine operating earnings before non-cash items increased to $27.7 million,
a 51% increase compared to $18.4 million;
-- Adjusted EBITDA improved to $16.5 million from $7.1 million;
-- Net loss totalled $4.1 million, compared to a net loss of $7.2 million;
-- Cash flows from operating activities, before changes in non-cash net
working capital ("NCWC"), increased to $16.0 million, from $7.0 million;
-- Cash and short-term deposits increased to $56.7 million at December 31,
2016 from $13.7 million at December 31, 2015; and
-- Net working capital increased to $66.6 million at December 31, 2016 from
$25.5 million at December 31, 2015.
Fourth quarter 2016 compared to fourth quarter 2015:
-- Metal production decreased 12% to 883,772 Ag eq oz;
-- Silver production decreased 17% to 460,571 ounces;
-- Gold production decreased 8% to 5,206 ounces;
-- Cash cost decreased 28% to $5.83 per ounce;
-- AISC increased 9% to $16.44 per payable silver ounce;
-- Revenue decreased 5% to $12.5 million;
-- Mine operating earnings before non-cash items was $4.5 million, an
increase of 19%;
-- Adjusted EBITDA amounted to $1.4 million compared to negative $0.4
million;
-- Net loss totalled $1.5 million, compared to a net loss of $3.7 million;
and
-- Cash flow from operating activities before changes in non-cash net
working capital amounted to $1.1 million, compared to negative $0.6
million.
OPERATING AND FINANCIAL RESULTS SUMMARY
Q4 2016 Q4 2015 Change 2016 2015 Change
OPERATING RESULTS
Tonnes milled
(excluding custom
milling) 92,869 94,874 (2%) 376,739 375,332 0%
Ag eq oz
produced(1) 883,772 1,002,584 (12%) 3,884,960 4,159,121 (7%)
Silver ounce
production 460,571 553,189 (17%) 2,047,260 2,386,028 (14%)
Gold ounce
production 5,206 5,637 (8%) 22,238 21,740 2%
Payable silver
ounces 488,428 502,170 (3%) 2,010,252 2,278,194 (12%)
Ag eq oz sold 883,348 921,710 (4%) 3,742,733 3,883,643 (4%)
Cost per tonne
milled(2) $ 86 $ 97 (11%) $ 88 $ 101 (13%)
Cash cost(2) $ 5.83 $ 8.14 (28%) $ 3.65 $ 7.50 (51%)
Cash cost per Ag
eq oz(2) $ 10.48 $ 11.31 (7%) $ 10.35 $ 11.32 (9%)
AISC(2) $ 16.44 $ 15.10 9% $ 10.99 $ 13.76 (20%)
AISC per Ag eq
oz(2) $ 16.34 $ 15.07 8% $ 14.29 $ 15.00 (5%)
(in 000's, unless Q4 2016 Q4 2015 Change 2016 2015 Change
otherwise noted)
FINANCIAL RESULTS
Revenue $ 12,515 $ 13,142 (5%) $ 61,881 $ 56,218 10%
Mine operating
earnings before
non-cash items(2) $ 4,476 $ 3,760 19% $ 27,728 $ 18,416 51%
Mine operating
earnings $ 2,411 $ 2,471 (2%) $ 22,022 $ 4,366 404%
Net loss $(1,498) $ (3,725) (60%) $ (4,118) $ (7,157) (42%)
Adjusted EBITDA(2) $ 1,376 $ (427) (422%) $ 16,519 $ 7,138 131%
Operating cash
flows before
changes in non-
cash net working
capital $ 1,119 $ (593) (289%) $ 15,975 $ 7,037 127%
Cash and
short-term
deposits at end
of period $ 56,662 $ 13,685 314% $ 56,662 $ 13,685 314%
Net working
capital at end of
period $ 66,560 $ 25,477 161% $ 66,560 $ 25,477 161%
Average realized
silver price per
oz (3) $ 14.99 $ 13.57 10% $ 17.15 $ 15.11 14%
Loss per share --
basic and diluted $ (0.01) $ (0.03) (67%) $ (0.03) $ (0.05) (40%)
_______________________
(1) Silver equivalent ounces are referred to throughout
this document. For 2016, Ag eq oz are calculated using
a 70:1 Ag:Au ratio and ratios of 1:0.0504 and 1:0.0504
for the price/ounce of silver to lead and zinc price/pound,
respectively, and applied to the relevant metal content
of the concentrates produced, expected to be produced,
or sold from operations. Comparatively, in 2015 Ag
eq oz were calculated using a 65:1 Ag:Au ratio, and
ratios of 1:0.050 and 1:0.056 for the price/ounce
of silver to lead and zinc price/pound, respectively,
and applied to the relevant metal content of the concentrates
produced, expected to be produced, or sold from operations.
(2) The Company has included the non-IFRS performance
measures cost per tonne milled, cash cost, cash cost
per Ag eq oz, AISC, AISC per Ag eq oz, mine operating
earnings before non-cash items and adjusted EBITDA
throughout this document. Refer to the Non-IFRS Measures
section of the MD&A for an explanation of these measures
and reconciliation to the Company's reported financial
results in accordance with IFRS. As these are not
standardized measures, they may not be directly comparable
to similarly titled measures used by others.
(3) Average realized silver price is prior to smelting
and refining charges.
DISCUSSION OF FULL YEAR 2016 FINANCIAL RESULTS
(MORE TO FOLLOW) Dow Jones Newswires
February 27, 2017 18:52 ET (23:52 GMT)- - 06 52 PM EST 02-27-17
Here's a link. You have to enter your email but other than that it's free:
It's a stock report/ads thing that you can unsubscribe any time.....
http://tradersnewssource.com/sugarmade/
Agree Trader_Ron!! SGMD is one of the BEST "longs" in the OTC imo!!
GREEN PLUS!!! Look at the ask go up for the open 02/28/17!!!
SACRILEGE!!! Bust him off here???
.04 test looms.....
GO MJTK!!!!!!!!!!!
.02 test looms!!! lol
I'm invested heavy in the reefer biz,
and am NOT worried at all.
Sessions will "follow the law" BUT
he also said, during conformation, "If they don't want a law enforced, it should be changed"......And guess what....there are SEVERAL bills and request before the congress RIGHT NOW to do just that....Pot WILL, imo, be legal US wide SOON. To much money/jobs to stop it now. Treat it like booze and let it go!!!! jmo
NOPE!! Go back, turn up the volume and LISTEN
to the question AND the answer.
MORE FAKE NEWS A27!!!!
It pisses me off when the lying media goes after POTUS FALSELY!!!
Here's what POTUS said. Get it RIGHT for a change?? HE said it. No one "reporting" on what they THINK about it.......
You mean 6m Short?
I've not seen a positive post from you yet.....