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Almonty Industries Inc. (TSXV:AII) filed its audited consolidated financial statements and management discussion & analysis for the year ended September 30, 2013.Â
As quoted in the press release:
Almonty reported revenue of $4,730, gross profit of $1,448 representing a gross profit margin of 30.6%, EBITDA1 of$567 and net loss of ($1,014) for the three month period ended September 30, 2013. For the Year ended September 30, 2013 revenue totalled $18,341, gross profit was $7,921 representing a gross profit margin of 43.2%, EBITDA1 of$4,400 and net loss of ($2,239).
Production levels for the three months ended September 30, 2013 totalled 15,717 MTU of WO3 concentrate, an increase of 27.4% over the three months ended June 30, 2013 as a result of a return to normal operations during Q4 after the forced shutdown from the fire at the end of Q3. Almonty has completed its plant optimization program at the end of Q3 and fined tuned the processing circuit during Q4. The Company has also completed its connection to the Spanish state electricity grid. Cash operating costs for the three months ended September 30, 2013 were US$172/MTU, a decrease of 13.1% over the three months ended June 30, 2013. The Company anticipates that operating costs will continue to decline going forward as it continues to implement its cost reduction program.
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