Hunt Mining Reports Second Quarter 2017 Earnings of US $1,276,887
(Thomson Reuters ONE) -
LIBERTY LAKE, Wash., Aug. 15, 2017 (GLOBE NEWSWIRE) -- Hunt Mining Corp. (the
"Corporation" or "Hunt") (TSX VENTURE:HMX) is pleased to announce interim
financial statements and management discussion and analysis for the three-month
period ending June 30, 2017. Second quarter financial information is available
on the Corporation's website at www.huntmining.com and on SEDAR.
Highlights
* Net Income of US $1,276,887 for the three-month period ending June 30, 2017;
* Basic earnings per share of US $0.02 in the second quarter of 2017;
* Revenue of US $3,756,700 for the period ending June 30, 2017, and Year to
Date US $4,445,499;
* Production of 245,060 silver equivalent troy ounces from the Martha Project
using a 72 to 1 silver to gold ratio;
* Continued exploration of seven (7) mining concessions acquired with the
purchase of the Martha Project.
Financial Highlights (all reported in US $)
Q2 2017
Revenue $3,756,700
Expenses $2,479,813
Basic Earnings per Share $0.02
Silver Eq. Production 245,060 ounces
Ounces are Troy Ounces consisting of 31.1035 grams
President and CEO Tim Hunt states, "We are extremely pleased to report our first
revenues and positive cash flow and net income through our production activities
at the Martha Project. When we purchased the Martha Project we developed a
strong business plan that utilized our team of personnel and their expertise in
the Santa Cruz Province of Argentina and in precious metals production. We
intend to increase production at the Martha Project as the winter season ends in
Argentina, and are evaluating an increase in daily capacity from the current
240 tonne per day. We intend to finance ongoing exploration and increased
production through cash flow generated from operations."
Additional information on the Martha Project and other Santa Cruz, Argentina
projects can be viewed on the Company website at: www.huntmining.com.
About Hunt Mining
Hunt Mining Corp. has continued to develop its properties as an active and
aggressive explorer in Santa Cruz since 2006, entering into production of silver
and gold at the Mina Martha property in January 2017. Since 2006, Hunt's wholly
owned subsidiary, Cerro Cazador S.A., has completed exploration activity
including 62,000 meters of HQ core drilling, 416 line kilometers of Induced
Polarization geophysical surveys and more than 20,000 surface soil, sediment,
channel, chip, and trench samples, beyond the historical work previous to the
same properties. Hunt also owns a 100% interest in the Martha property, which
includes the Martha Project, also located in the Santa Cruz Province of
Argentina.
Neither the TSX Venture nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture) accepts responsibility for the
adequacy or accuracy of this release.
For more information contact:
Dean Stuart
Investor Relations
T: (403) 617-7609
E: dean(at)boardmarker.net
Bob Little
Chief Administration Officer
T: (509) 290-5659
E: blittle(at)huntmining.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hunt Mining Corp. via GlobeNewswire
Datum: 15.08.2017 - 13:01 Uhr
Sprache: Deutsch
News-ID 556628
Anzahl Zeichen: 4087
contact information:
Town:
Vancouver
Kategorie:
Business News
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