Rambler Metals & Mining PLC Unaudited Consolidated Financial Information for the Quarter Ended October 31, 2014
LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Dec 9, 2014) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM)
Rambler Metals and Mining PLC (TSX VENTURE: RAB) (AIM: RMM) ('Rambler' or the 'Company') today announces its unaudited Financial Results and operations highlights for the quarter ended October 31, 2014.
Key Financial Highlights (CAD$, 000's): | ||||||
Q1 2015 | Q1 2014 | Q4 2014 | ||||
Revenue | 12,298 | 16,745 | 15,050 | |||
Profit before tax | 465 | 5,264 | 3,407 | |||
Earnings per share | 0.002 | 0.026 | 0.014 | |||
Financial Highlights
A total of 5,134 dry metric tonnes ('dmt') (Q4'14 - 5,909 dmt) of concentrate was provisionally invoiced during the period at an average price of $3.44 (Q4'14 - $3.40) per pound copper, $1,387 (Q4'14 - $1,405) per ounce gold and $20.42 (Q4'14 - $21.79) per ounce silver, generating $12.6 million in revenue.
During the quarter the Group agreed to final weights and assays on one concentrate shipment with its off-take partner resulting in a $0.3 million decrease in revenue bringing net revenue for the quarter to $12.3 million.
The net profit after tax for Q1/15 was $276,000 or $0.002 per share which compares with $1,974,000 or $0.014 per share for Q4/14 and $3,708,000 or $0.026 per share for Q1/14. The reduction in profits is due to the fall in accountable copper metal resulting largely from lower copper head grade in the quarter.
Earnings before interest, taxes, depreciation, amortisation ("EBITDA") was $3,652,000 for the three months ended October 31, 2014 compared to $7,798,000 in Q4/14 and $8,597,000 in Q1/14.
Cash resources as at December 9, 2014 were $8.8 million.
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