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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Ascendant Resources Inc    ASND   CA0435041094

ASCENDANT RESOURCES INC (ASND)
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Ascendant Resources : Announces Q2 2018 Production Results

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07/12/2018 | 11:46pm CEST

Ascendant Resources (TSX:ASND) has announced production results from its El Mochito mine for the second quarter of 2018 demonstrating continued operational improvements.

As highlighted in the press release:

  • Record contained metal production of 22.9 million zinc equivalent pounds, an increase of 7 percent over Q1 2018 and 49 percent over Q2 2017
  • Zinc equivalent grade of 6.3 percent, representing an increase of 3 percent over 6.1 percent zinc equivalent in Q1 2018 and a 14 percent increase over 5.5 percent zinc equivalent in Q2 2017
  • Quarterly tonnes milled of 192,428 vs 186,955 tonnes in Q1 2018 and 150,785 in Q2 2017

As quoted in the press release:

“Overall, Ascendant continues to see higher throughput rates with increased grade as it continues to focus on dilution control and greater contribution from conventional mining in the higher-grade chimneys. Management expects tonnes processed and ore grades to continue trending higher over the course of the year. This quarter also saw the largest contribution from long-hole stoping since Ascendant gained control of the mine; the introduction of this lower cost mining methodology is well ahead of schedule at the mine and will continue to become a greater percentage of production.”

Click here to read the full Ascendant Resources (TSX:ASND) press release.

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The post Ascendant Resources Announces Q2 2018 Production Results appeared first on Investing News Network.

© 2018 Investing News Network. All Rights Reserved., source Investing News Network

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Financials (CAD)
Sales 2018 129 M
EBIT 2018 26,1 M
Net income 2018 23,7 M
Finance 2018 20,4 M
Yield 2018 -
P/E ratio 2018 2,39
P/E ratio 2019 1,86
EV / Sales 2018 0,22x
EV / Sales 2019 0,11x
Capitalization 48,8 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 1,63  CAD
Spread / Average Target 155%
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Managers
NameTitle
Chris Buncic President, Chief Executive Officer & Director
Mark Peter Brennan Executive Chairman
Neil T. Ringdahl Chief Operating Officer
Rohan Hazelton Chief Financial Officer & Secretary
Kurt Menchen Independent Director
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