Brief: Ascendant Resources Announces Q2 2018 Production Results

Ascendant Resources

12/07/2018 11:35

July 12 (Reuters) - Ascendant Resources Inc  ASND.TO :
    * ASCENDANT RESOURCES ANNOUNCES Q2 2018 PRODUCTION RESULTS,
CONTINUES GROWTH FOR SIXTH CONSECUTIVE QUARTER
    * ASCENDANT RESOURCES INC - QTRLY CONTAINED METAL PRODUCTION
OF
22.9 MILLION ZNEQ LBS, AN INCREASE OF 7% OVER Q1 2018
    * ASCENDANT RESOURCES INC QTRLY MILLED PRODUCTION 192,428
TONNES,
UP 28% VERSUS Q2 2017
    * ASCENDANT RESOURCES INC - EXPECTS TONNES PROCESSED AND ORE
GRADES TO CONTINUE TRENDING HIGHER OVER COURSE OF YEAR
    * ASCENDANT RESOURCES INC - DURING Q2, REALIZED METAL PRICES
WERE
LOWER THAN ANTICIPATED IMPACTING EXPECTED CASH FLOW GENERATION
    * ASCENDANT RESOURCES INC - METAL PRICES WILL REMAIN LOWER
IN
SHORT-TERM DUE TO GLOBAL TRADE CONCERNS AND PERCEIVED
UNCERTAINTY FROM DEMAND-SIDE
    * ASCENDANT RESOURCES SAYS REMAIN POSITIVE ON METAL PRICES
GOING
FORWARD BUT ARE COGNIZANT OF EL MOCHITO'S SENSITIVITY TO METAL
PRICES

Source text for Eikon:  ID:nGNX1yvFB5 
Further company coverage:  ASND.TO 

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