Argentum Silver Corp.: Argentum Sells Interest in Vanadium Ridge Property
Argentum or the
Agreement ) with Imbue Capital (
Imbue ) pursuant to which the Company has agreed to sell its 80% right, title, and interest in the Vanadium Ridge Property (the
Property ) north of Kamloops, British Colombia.
Pursuant to the terms of the Agreement, Argentum has agreed to sell its interest in the Property, in exchange for total consideration of $600,000, consisting of $200,000 in cash and $400,000 in stock. More specifically, the payment schedule for the sale of the Property is as follows:
(i) On signing of the Agreement, Imbue pays to Argentum $50,000 in cash and issues $50,000 worth of Ares Strategic Mining Inc. (
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Operator
Good day, and thank you for standing by. Welcome to the Pembina Pipeline Corporation 2021 First Quarter Results Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Cameron Goldade, Pembina s Vice President, Capital Markets. Please go ahead.
Cameron Goldade
Vice President, Capital Markets
Thank you, Christie. Good morning everyone, and welcome to Pembina s conference call, and webcast review highlights from the first quarter of 2021. On the call with me today are Mick Dilger, President and Chief Executive Officer, Scott Burrows, Senior Vice and Chief Financial Officer, Harry Andersen, Senior Vice President and Chief Operating Officer, Pipelines, Jaret Sprott, Senior Vice President and Chief Operating Officer, Facilities, Stuart Taylor, Senior Vice President, Marketing, New Ventures and Corporate Development Officer, and Janet Loduca, Senior Vice President, External Affairs and Chief Legal and Sustainability Offic
Hydro One Reports First Quarter Results
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A resilient business strategy and stable fundamentals allow Hydro One to support its customers and communities while delivering positive financial results
TORONTO, May 7, 2021 /PRNewswire/ - Hydro One Limited (Hydro One or the Company) today announced its financial and operating results for the first quarter ended March 31, 2021.
First Quarter Highlights
First quarter earnings per share (EPS) and adjusted EPS was $0.45, compared to EPS and adjusted EPS of $0.38, for the same period in 2020. The increase was due mainly to approved rates for the transmission and distribution segments, and higher demand because of colder weather, partially offset by higher depreciation, amortization and asset removal costs, and higher work program costs.
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Operational and Financial Performance
Contained tin sales of 3,351 tons was 45% higher than the previous quarter as we recouped the sales shortfall of Q4 2020. Contained tin production of 2,611 tons was impacted by a lower feed grade of 3.8% Sn compared to 4.2% Sn the previous quarter. Tin feed grades are variable between quarters but on average trend close to the targeted 4% Sn Reserve Grade over a rolling 12-month period. The processing plant performed well at an average recovery of 74% whilst treating more material than the previous quarter.
EBITDA of $36,5m for Q1 2021 is 118% above the previous quarter due to increased sales volumes benefiting from a 25% higher tin price. Tin prices are currently trading at around $29,000/t, some 26% above prices achieved during Q1 2021.