|Bid||0.0300 x 0|
|Ask||0.0450 x 0|
|Day's Range||0.0450 - 0.0450|
|52 Week Range||0.0300 - 0.1400|
|Beta (3Y Monthly)||-0.21|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.42|
TORONTO, July 09, 2019 -- Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) announced today the appointment of Mr. Andrew Gottwald as Chief Financial.
Pasinex Resources Limited (CSE:PSE) (PNX.F) (The “Company” or “Pasinex”) announced today that Wendy Kaufman, Chief Financial Officer and Corporate Secretary, has advised the Company that she will resign from the organization to pursue another opportunity. Steve Williams, President and Chief Executive Officer of Pasinex, commented, “On behalf of the Board of Directors and the Pasinex team, I want to thank Wendy for her commitment and leadership she has demonstrated during her time with us and wish her the very best in her new opportunity. Ms. Kaufman will remain with Pasinex until June 30 to assist with an orderly transition.
Pasinex Resources Limited (CSE:PSE) (PNX.F) (The “Company” or “Pasinex”) today reported financial results for the first quarter of 2019. As expected, production from Horzum AS was lower than the prior year and combined with lower realized zinc prices in 2019, consolidated net income was lower than 2018. Adjusted consolidated net income for the first quarter of 2019 was $0.5 million.
Pasinex Resources Limited (CSE:PSE) (PNX.F) (The “Company” or “Pasinex”) today reported financial results for the full year and fourth quarter ended December 31, 2018. On February 15, 2019 the Company reported solid operating results from Horzum AS that drove strong revenue, gross margins and adjusted equity gain from Horzum AS for the year. Adjusted consolidated net income for 2018 was $2.8 million.
Taking the occasional loss comes part and parcel with investing on the stock market. Anyone who held Pasinex Resources Limited (FRA:PNX) over the last year knows what a loser feels like. The share price is down a hefty 65% in...
Pasinex Resources Limited (CSE:PSE) (PNX.F) (“the Company”) is pleased to announce its 2018 preliminary production and mining costs from its Pinargozu mine along with production and cost estimates for 2019. Production in 2018 was 14% below our 2018 guidance (issued on April 30, 2018) due to difficult mining conditions as the mine operated in smaller discontinuous zones of mineralization impacting efficiency. Cost per tonne mined for 2018 is expected to be consistent with 2018 guidance at $200 to $220 per tonne, which should deliver a strong gross margin for Horzum AS.
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Pasinex Resources Limited (CSE:PSE) (PNX.F) (“the Company”) announces that it has filed an amended technical report on SEDAR. The report entitled “Amended NI 43-101 Technical Report, Pinargozu Project, Turkey”, and dated January 29, 2019 supersedes the report dated December 20, 2017 that was previously filed on SEDAR. The amended technical report was prepared by CSA Global Pty Ltd. in order to comply with National Instrument 43-101 and does not contain any changes to the Mineral Resource estimate (with effective date of June 30, 2017) from the previously filed report.
The Company filed a technical report for the Pinargozu Mine, dated December 20, 2017 (the "Technical Report"). The issues identified by the BCSC involve disclosure made by the Company that is not fully compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Company would like to advise that the mineral resources disclosed are not supported by a compliant NI 43-101 technical report and Form 43-101F1 and they should not be relied upon until they can be supported by a compliant technical report.
Pasinex Resources Limited (CSE:PSE) (PNX.F) (The “Company” or “Pasinex”) reported a small loss for the third quarter (Q3) of 2018 of $0.2 million compared to net income of $1.8 million in Q3 2017. The decrease in net income is due to a lower equity gain from Horzum AS (the 50% owned joint venture that holds the Pinargozu mine) caused mainly by the drop in zinc prices in Q3.
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