TORONTO, Jan. 22, 2018 -- Ascendant Resources Inc. today issues a correction to the drilling results reported within the January 18, 2018 press release, with the updated information presented below in Table 1. An incorrect calculation resulted in errors to the original significant assays reported; the correct table is presented below. The aggregate net-change shows many of the original results understated and only a few [...]
NI 43-101 Technical Report targeting significant increase in mine life expected Q2 2018 TORONTO, Jan. 18, 2018 -- Ascendant Resources Inc. announces the results from an additional 35 diamond drill holes totaling 5,945 meters as part of its 2017 underground exploration and resource definition drilling program at its El Mochito mine in Honduras. Ascendant Resources Inc. Figure 1 Key Highlights Include: Step-out Drilling DDH [...]
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017 Record tonnes milled in December; production increased by 81% since January 2017 Guidance for 2018: Free Cash Flow of US$14-$20 million; EBITDA of US$32-$40 million TORONTO, Jan. 11, 2018 -- Ascendant Resources Inc. is delighted to report its first quarter of free cash flow at its El Mochito mine in Honduras with $8.0 million in cash exiting [...]
Adjusted EBITDA1 of $1.6 million in November Record tonnes hoisted in November and Q4 production gains expected to drive robust operating and financial results in 2018 Milled production tonnes up 67% year to date TORONTO, Dec. 12, 2017 -- Ascendant Resources Inc. is pleased to report its fifth consecutive month of positive adjusted EBITDA1 of $1.6 million at the El Mochito mine for the month of November. With strong [...]
TORONTO, Dec. 04, 2017 -- Ascendant Resources Inc. reports that operations at its El Mochito mine in Honduras are continuing normally despite uncertainty following the General Elections held on Sunday, November 26, 2017. Since this date, uncertainty regarding the outcome of the election for President, where vote counting remains ongoing, has resulted in demonstrations in various parts of the country and the imposition of [...]
Adjusted EBITDA1 of $1.3 million in October Milled production increased to 2,184 tpd; up 67% year to date New fleet arrivals to drive production growth in Q4 2017 and 2018 TORONTO, Nov. 14, 2017 -- Ascendant Resources Inc. is pleased to report its fourth consecutive month of positive and increasing adjusted EBITDA1 of $1.3 million at the El Mochito mine for the month of October as well as continued operational [...]
Highlights Include: Net income of $821,000 and $0.01/share Third consecutive month of positive adjusted EBITDA1; $2.4 million total for Q3 2017 75% increase in revenue versus Q2 2017 Operating cash flow before changes in working capital of $2.3 million; Free cash flow expected before the end of Q4 Milled production increased by 17% versus Q2 2017 averaging 1,934 tpd Operational and financial performance expected to [...]
TORONTO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) ("Ascendant" or the "Company”) announced today that it plans to release its third quarter 2017 results after the market close on Monday, November 13, 2017. Management will host a conference call on Tuesday, November 14, 2017 at 10:00 am EST. Participants may join the call by dialing North America toll free [...]
TORONTO, Oct. 16, 2017 /CNW/ - Chris Buncic, President and CEO, Ascendant Resources Inc. (ASND), joined Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group, to open the market. Ascendant Resources Inc. is a mining company focused on its producing El Mochito zinc, silver and lead mine in west-central Honduras in which the Company has a 100% interest. Ascendant Resources Inc. graduated from TSX Venture [...]
Milled production for Q3 increased by 17% against Q2 2017 averaging 1,934 tpd; September milled production increased by 8% versus August 2017 averaging 2,055 tpd Free cash flows expected imminently Q3 performance expected to support a strong Q4 and year-end exit rate that should drive robust 2018 performance TORONTO, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9 [...]
TORONTO, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) ("Ascendant" or the "Company”) is pleased to announce the appointment of Ms. Petra Decher, CPA, CA to the Company’s Board of Directors and Mr. Stephen Shefsky to the position of Lead Director of the Board effective October 1, 2017. Ms. Decher served as the Vice President, Finance and Assistant Secretary for [...]
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