TSXV:AUN.H - Post by User
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johnnywitson Apr 14, 2015 11:36am
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Q4 / Annual 2014 financial statements / MD&A now on Sedar
Q4 / Annual 2014 financial statements / MD&A now on SedarHIGHLIGHTS
Net loss for the year decreased to ($21.0) million or ($0.28) per share, compared with a net loss of ($134.8) million or ($2.31) per share in 2013. Other key financial metrics include:
o Earnings from mining operations of $2.5 million (2013 – $11.5 million).
o Operating cash flow before changes in working capital of ($0.4) million (2013 – ($5.0) million).
Working capital deficiency of $11.5 million at December 31, 2014, compared to a deficiency of $3.7 million at December 31, 2013.
Key production metrics include:
o Silver ounces produced increased 18% to 1,476,729 ounces in 2014 compared to 1,255,444 ounces of silver in 2013.
o Silver equivalent production increased by 29% to 3,704,237 ounces in 2014, compared to 2,868,460 ounces in 2013.
o Cash cost per silver equivalent ounce produced (before Treatment, Refining and Smelting Charges, “TCRC”) decreased to $8.48 compared to $10.52 in 2013.
o All-in sustaining cost per silver equivalent ounce produced decreased to $10.37 from $13.10 in 2013.
o All-in sustaining cost per silver equivalent ounce sold decreased to $18.08 from $20.70 in 2013.