Low-cost entry to a significant high-grade VMS polymetallic deposit within reach of mineable scale in the Iberian Pyrite Belt along trend from the transformational Neves Corvo and Aguas Tenidas mines and Aljustrel NI 43-101 Indicated Resource of 5.8 million tonnes at 8.88% ZnEq and 2.0 million tonnes of Inferred Resources at 7.82% ZnEq at the LS-1 Deposit and 2.2 million tonnes at 4.80% ZnEq at the LS-1 Central Deposit [...]
Provides Update on Ongoing Long-Term Optimization Plan at El Mochito Q2 2018 Production Highlights: Record contained metal production of 22.9 million ZnEq lbs, an increase of 7% over Q1 2018 and 49% over Q2 2017 ZnEq grade of 6.3%, representing an increase of 3% over 6.1% ZnEq in Q1 2018 and a 14% increase over 5.5% ZnEq in Q2 2017 Quarterly tonnes milled of 192,428 vs 186,955 tonnes in Q1 2018 and 150,785 in Q2 2017 [...]
Ascendant Resources Inc. is pleased to announce the voting results of the Company’s 2018 Annual and Special Shareholder’s Meeting held earlier today, June 19, 2018 in Toronto, Ontario. A total of 17,854,214 common shares were voted at the Meeting, representing 24.06% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly [...]
TORONTO, June 14, 2018 -- Ascendant Resources Inc. is pleased to announce results from 40 diamond drill holes as part of the 2018 exploration and definition drilling program at its El Mochito mine in Honduras. These results come after the release of the Company’s newly reported Mineral Resources and Reserves Estimate and National Instrument 43-101 Technical Report , which almost tripled contained zinc in Mineral [...]
TORONTO, May 28, 2018 -- Ascendant Resources Inc. is pleased to announce the Company has filed a Technical Report for its El Mochito mine in Honduras entitled, “ASC 2018 Technical Report on the Mineral Resources and Mineral Reserves of Ascendant Resources Inc. Producing El Mochito Mine in Honduras”, , supporting the updated Mineral Reserve and Resource Estimate announced on April 10, 2018. The Technical Report [...]
Chris Buncic, CEO of Ascendant Resources talks about the company's 100 percent owned, El Mochito Mine in Honduras. If you cannot view the video above. Ascendant Resources is being featured on CBC's Documentary Channel the weeks of May 14 - May 27, 2018 Monday through Friday, throughout the day and evenings. Ascendant Resources: Ascendant is a Toronto-based mining company focused on its 100%-owned El Mochito [...]
Q1 2018 Highlights Include: Net income of $5.29 million and earnings per share of $0.07 Adjusted EBITDA of $7.95 million; third consecutive quarter of positive adjusted EBITDA Free cash flow of $5.30 million resulting in a cash balance of $13.26 million at March 31, 2018 Direct operating costs of $72.33/t, a decrease of 27% from Q1 2017 and 10% from Q4 2017 $28.04 million in revenue, a 254% increase over Q1 2017 and 17 [...]
Record contained metal production of 21.4 million ZnEq lbs, an increase of 9% over Q4 2017 and 57% over Q1 2017 ZnEq grade of 6.1%, representing an increase of 15% over 5.3% ZnEq in Q4 2017 and 9% over Q1 2017 Cash balance of US$13.1 million at March 31, 2018 vs US$8.0 million at year end 2017 Quarterly tonnes milled of 186,955 vs 198,354 tonnes in Q4 2017 and 131,116 in Q1 2017 TORONTO, April 17, 2018 -- [...]
TORONTO, April 10, 2018 -- Ascendant Resources Inc. is very pleased to report the results of an updated Mineral Resource & Reserve Estimate for its El Mochito mine in Honduras prepared in accordance with National Instrument 43-101 and the CIM Standards. The new Estimate shows a material increase in both Mineral Resources and Reserves against the previous Mineral Resource and Reserve Estimates dated December 31, 2015 [...]
unless otherwise specified) Q4 2017 Highlights Positive Free Cash Flow of $0.75 million for Q4 2017 with $8.04 million in cash exiting 2017 Adjusted EBITDA of $2.28 million for Q4 2017; six consecutive months of positive Adjusted EBITDA Record tonnes milled in December; Q4 2017 production average of 2,241 tonnes per day, a 13% increase over Q3 2017 2017 Annual Highlights Successful rehabilitation of the El Mochito mine [...]
TORONTO, March 08, 2018 -- Ascendant Resources Inc. announced today that it plans to release its fourth quarter and year end 2017 results after the market close on Wednesday, March 21, 2018. Management will host a conference call on Thursday, March 22, 2018 at 10:00 am EST to discuss both the operating and financial results. Participants may join the call by dialing North America toll free 1-833-696-8362 or 1-612-979-9908 [...]
ollowing the acquisition today of 1,085,000 of the outstanding common shares of Ascendant Resources, Steve Laciak, an employee of Dundee Securities Ltd., now has beneficial ownership and control of, in respect of Mr. Laciak's personal and family member accounts, a total of 8,228,449 of the outstanding common shares of the Company. The additional common shares of the Company were purchased today through the facilities of [...]
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