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VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its Golden Promise
(1) of $17.8 million ($0.43 per share (1)) for the quarter ended March 31, 2021 which was up 9% from royalty revenue of $16.3 million ($0.39 per share) reported in Q1 2020. Adjusted EBITDA (1) for the quarter was $14.6 million or $0.35 per share, up 15% from Adjusted EBITDA of $12.7 million ($0.30 per share (1)) in Q1 2020. The adjusted EBITDA margin for the quarter was 82%. Adjusted operating cash flow of $8.8 million or $0.21 per share is down by 33% from the comparable quarter last year mainly because of the deferred timing of corporate tax installments during the prior year period. Net ea...
(1) VANCOUVER, BC / ACCESSWIRE / April 8, 2021 / Great Atlantic Resources Corp. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce 2021 exploration plans for its Keymet Precious Metal - Base Metal Property, located in northeast New Brunswick. One priority area of focus for 2021 work is the northwest region where the Company has reported high grade gold, silver, copper and zinc, including a drill intercept of 9.04 zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length. Great Atlantic's focus since acquiring the property in 2011 has be...
(0) VANCOUVER, BC / ACCESSWIRE / April 1, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has received gold assays for prospecting rock samples and drill core samples from its Golden Promise Property, located within the central Newfoundland gold belt. All three drill holes from the 2020 program intersected gold bearing veins, extending the Jaclyn North Zone (JNZ) quartz vein system approximately 260 meters east of historic drilling. Rock samples were collected during late 2020 from quartz float boulders east of the JNZ. This quar...
VANCOUVER, BC / ACCESSWIRE / March 10, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce that it has arranged a non-brokered private placement