Procter & Gamble Co T.PG

Primary Symbol: PG Alternate Symbol(s): N.PG

Consumer Defensive Household & Personal Products

The Procter & Gamble Company is focused on providing branded consumer packaged goods to consumers across the world. The Company’s segments include Beauty, Grooming, Health Care, Fabric & Home Care and Baby, Feminine & Family Care. The Company’s products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. It also sells direct to individual consumers. It has operations in approximately 70 countries. It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax, Bounty and others.

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Procter & Gamble Co

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Post by R_J_on Nov 08, 2017 9:56pm

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Post# 26930050

News Release - Third Quarter Results

Premier Reports Third Quarter Results with $17.1 million in Free Cash Flow or $0.08 per share
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Official News Release 6-page PDF
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https://www.premiergoldmines.com/assets/docs/nr/2017-11-07-nr-pg-m7tfyd.pdf
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Financials 27-page PDF
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https://www.premiergoldmines.com/assets/docs/q3-2017-premier-gold-mines-limited-final-fs.pdf
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MD&A 37-page PDF
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https://www.premiergoldmines.com/assets/docs/q3-2017-premier-gold-mines-limited-final-mdanda.pdf
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Louis James Comments
Quote:
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It’s good to see another profitable quarter from Premier, one of our junior producers.
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As a new producer, there are no year-over-year comparisons to make, but we can see that the quarter was not as good as the prior quarter.
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Costs were up, revenue (in addition to many other operating metrics) was down, and earnings per share shrank to 2 cents compared to 7 cents in Q2.
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Some of this was expected, as Premier is winding down the Phase 2 pit at its South Arturo gold mine.
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Under-performance at Mercedes, resulting in higher all-in sustaining costs per ounce ($998 vs. $707 in Q2) and lower production (18,564 gold ounces vs. 21,893 in Q2), however, were not expected.
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Management says this was due to the workers helping the local community in putting out fires in the area as well as to ironing out kinks at the mine.
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The first part of the explanation is a bit odd, but such things do happen.
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On the plus side, the company remains on track to meet its full 2017 production guidance of 130,000 to 140,000 ounces of gold.
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Still, higher-than-projected costs at Mercedes are a concern as they are pushing Premier’s overall costs, which last quarter were well above the $660 – $690 AISC outlook at $782.
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Fortunately, the company continues working on tapping into additional mine workings at Mercedes, which may reduce the mine’s cost profile.
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That Premier will continue to process stockpiled ore at South Arturo into 2018 should help too.
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That said, we don’t really mind the company putting a lot of the money it earns back into the ground on exploration and growth.
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That’s where the biggest upside for us is.
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End Quote.
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RJ

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