Wednesday, February 12, 2020
10:18 AM EST – Ascendant Resources Inc. : Released 2019 production results highlighted by record head grade and contained metal production in the fourth quarter and the full year since assuming ownership of the El Mochito mine in Honduras in December 2016. The company’s contained metal production for the full year 2019 was 106.2 million pounds of zinc equivalent (“ZnEq”) metal, in-line with the Company’s production guidance. This was comprised of 64.4 million pounds of zinc, 27.1 million pounds of lead and 1.4 million ounces of silver. Overall production represents a 16% increase over 2018 contained metal production of 91.4 million pounds of ZnEq. Contained metal production for Q4 2019 was 29.4 million pounds of ZnEq metal, comprised of 16.5 million pounds of zinc, 7.7 million pounds of lead and 394 thousand ounces of silver. Total contained metal production of 29.4 million pounds ZnEq increased by 27% over Q4 2018 (23.2 Mlbs ZnEq) and 2% over Q3 2019 (28.8 Mlbs ZnEq), due to higher zinc (6%) and substantially increased lead (11%) and silver grades. Ascendant Resources Inc. (T.ASND) shares were unchanged at 0.285.
Stocks in Play: Ascendant Resources Inc. , Wed, 12 Feb 2020 10:27:58 EST