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Africa Oil Announces 2020 Fourth Quarter Results and 2021 Management Guidance
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VANCOUVER, BC, Feb. 26, 2021 /CNW/ - (TSX: AOI) (Nasdaq Stockholm: AOI)
Africa Oil Corp. ( Africa Oil , AOC or the Company ) is pleased to announce its operating and consolidated financial results for the three months and the year ended December 31, 2020. The Company is also releasing today, its 2021 Management Guidance including guidance related to its 50% equity investee, Prime Oil & Gas Coöperatief U.A ( Prime ). View PDF Version
Highlights
Africa Oil Announces 2020 Fourth Quarter Results and 2021 Management Guidance (CNW Group/Africa Oil Corp.)
Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020.
Pretium Resources Inc: Pretivm Reports 2020 Operating and Financial Results; Achieves Guidance, Delivers Record High Free Cash Flow and Significantly Reduces Debt
2020 production and financial guidance achieved
Gold production - Q4: 88,299 ounces; 2020: 347,743 ounces
AISC
Free cash flow
Revenue - Q4: $169.6 million; 2020: $617.6 million
Received proceeds from the sale of Snowfield of $100.0 million
Repaid $226.7 million of debt including a discretionary payment of $160.0 million
End of quarter cash balance: $174.8 million
All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company s Financial Statements and Management s Discussion and Analysis ( MD &A ) for the years ended December 31, 2020 and 2019, available on the Company s website and on SEDAR and EDGAR.
(ASX: ORE, TSX: ORL)
(Orocobre or the Company), a dynamic global lithium chemicals producer, provides its financial results for the half year ended 31 December 2020 (H1 FY21).
Highlights:
The lithium market has rebounded and Orocobre prices for H2 FY21 are expected to increase >50% to approximately US$5,500/tonne
A successful cost reduction program has seen quarterly cash cost of sales reduce by 28% since September 2019
Brine concentrations are higher and more stable than previous years delivering higher plant recovery, better quality and more consistent product
Successful capital raise of US$119.4 million, net of fees
Statutory consolidated group net loss of US$29.1 million for H1 FY21 is down from a loss of US$18.9 million in the previous corresponding period (
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TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2020. As previously disclosed, all financial figures are now reported in US dollars unless indicated otherwise.
Management commentary Sprott s AUM increased by 88% in 2020 to a record high of $17.4 billion, said Peter Grosskopf, CEO of Sprott. This strong AUM growth translated into substantial improvements in our key financial metrics. Adjusted base EBITDA was $44.2 million for 2020, up $15.2 million or 52% from the prior year. Sprott’s strong financial performance and track record of creating shareholder value resulted in the company’s addition to the S&P/TSX Composite Index in 2020 and our inclusion in the annual TSX30 program. During the second quarter of 2020, Sprott began trading on the New York Stock Exchange and subsequently increased its dividend in November 2020.