RNX △ Q3 '19 VS Q2 '19. △ Q3 '19 VS Q3 '18.My calculations. RNC Announces Third Quarter 2019 Results. Q3 '19 VS Q2 '19. Q3 '19 VS Q3 '18. My calculations.
Summary of Financial Results
Revenue Q3 '18 43397000 & Q2 '19 17249000 & Q3 '19 43092000 = Q3/Q2 '19 150% or 25843000 & Q3 '19/Q3 '18 -1 % or -305000
Production and toll-processing costs Q3 '18 29060000 & Q2 '19 16120000 & Q3 '19 26670000 = Q3/Q2 '19 65% or 10550000 & Q3 '19/Q3 '18 -8 % or -2390000
Royalty expense Q3 '18 4282000 & Q2 '19 1439000 & Q3 '19 3321000 = Q3/Q2 '19 131% or 1882000 & Q3 '19/Q3 '18 -22 % or -961000
General and administrative: share-based payments Q3 '18 8862000 & Q2 '19 1634000 & Q3 '19 -1344000 = Q3/Q2 '19 -182% or -2978000 & Q3 '19/Q3 '18 -115 % or -10206000
General and administrative: other Q3 '18 1304000 & Q2 '19 4544000 & Q3 '19 3258000 = Q3/Q2 '19 -28% or -1286000 & Q3 '19/Q3 '18 150 % or 1954000
Depreciation and amortization Q3 '18 538000 & Q2 '19 1046000 & Q3 '19 1985000 = Q3/Q2 '19 90% or 939000 & Q3 '19/Q3 '18 269 % or 1447000
Operating earnings (loss) Q3 '18 -649000 & Q2 '19 -7534000 & Q3 '19 9202000 = Q3/Q2 '19 -222% or 16736000 & Q3 '19/Q3 '18 -1518 % or 9851000
Other expenses, net (note 17) Q3 '18 -6715000 & Q2 '19 -8539000 & Q3 '19 -9636000 = Q3/Q2 '19 13% or -1097000 & Q3 '19/Q3 '18 43 % or -2921000
Loss before income tax Q3 '18 -7364000 & Q2 '19 -16073000 & Q3 '19 -434000 = Q3/Q2 '19 -97% or 15639000 & Q3 '19/Q3 '18 -94 % or 6930000
Income tax expense Q3 '18 -146000 & Q2 '19 -104000 & Q3 '19 179000 = Q3/Q2 '19 -272% or 283000 & Q3 '19/Q3 '18 -223 % or 325000
Net loss for the period Q3 '18 -7510000 & Q2 '19 -16177000 & Q3 '19 -255000 = Q3/Q2 '19 -98% or 15922000 & Q3 '19/Q3 '18 -97 % or 7255000
Basic and diluted loss per share Q3 '18 -0.02 & Q2 '19 -0.03 & Q3 '19 0 = Q3/Q2 '19 -100% or 0.03 & Q3 '19/Q3 '18 -100 % or 0.02
Adjusted EBITDA Q3 '18 8751000 & Q2 '19 -4988000 & Q3 '19 9134000 = Q3/Q2 '19 -283% or 14122000 & Q3 '19/Q3 '18 4 % or 383000
Adjusted EBITDA per share Q3 '18 0.02 & Q2 '19 -0.01 & Q3 '19 0.02 = Q3/Q2 '19 -300% or 0.03 & Q3 '19/Q3 '18 0 % or 0
Cash flow used in operating activities Q3 '18 3368000 & Q2 '19 -6330000 & Q3 '19 2071000 = Q3/Q2 '19 -133% or 8401000 & Q3 '19/Q3 '18 -39 % or -1297000
Cash investment in property, plant and equipment Q3 '18 -291000 & Q2 '19 -2870000 & Q3 '19 -2409000 = Q3/Q2 '19 -16% or 461000 & Q3 '19/Q3 '18 728 % or -2118000
Operating Results
Gold (Beta Hunt Mine)
Tonnes mined (000s) Q3 '18 146 & Q2 '19 133 & Q3 '19 133 = Q3/Q2 '19 0% or 0 & Q3 '19/Q3 '18 -9 % or -13
Gold mined (ounces) Q3 '18 31360 & Q2 '19 11056 & Q3 '19 18460 = Q3/Q2 '19 67% or 7404 & Q3 '19/Q3 '18 -41 % or -12900
Tonnes milled (000s) Q2 '19 82 & Q3 '19 210 = Q3/Q2 '19 156% or 128
Gold milled, grade (g/t gold) Q2 '19 3.32 & Q3 '19 2.93 = Q3/Q2 '19 -12% or -0.39
Gold sold (oz) Q3 '18 23805 & Q2 '19 8187 & Q3 '19 16593 = Q3/Q2 '19 103% or 8406 & Q3 '19/Q3 '18 -30 % or -7212
Cash operating costs (US$/oz sold) Q3 '18 962 & Q2 '19 1282 & Q3 '19 1032 = Q3/Q2 '19 -20% or -250 & Q3 '19/Q3 '18 7 % or 70
All-in sustaining cost (AISC) (US$/oz sold) Q3 '18 1013 & Q2 '19 1329 & Q3 '19 1252 = Q3/Q2 '19 -6% or -77 & Q3 '19/Q3 '18 24 % or 239
Gold (HGO Mine)
Tonnes milled (000s) Q2 '19 7 & Q3 '19 86 = Q3/Q2 '19 1129% or 79
Gold milled grade (g/t gold) Q2 '19 1.38 & Q3 '19 2.34 = Q3/Q2 '19 70% or 0.96
Gold sold (oz) Q2 '19 295 & Q3 '19 5417 = Q3/Q2 '19 1736% or 5122
Gold (HGO Processing)
Tonnes milled (000s) Q2 '19 53 & Q3 '19 296 = Q3/Q2 '19 458% or 243
Gold Operations (Consolidated)
Tonnes mined (000s) Q3 '19 206
Tonnes milled (000s) Q3 '19 296
Gold milled, grade (g/t Au) Q3 '19 2.76
Gold milled (ounces) Q3 '19 26219
Gold production (ounces) Q3 '19 24216
Gold sold (ounces) Q3 '19 22010
Average realized price (USD $/oz sold) Q3 '19 1339
Cash operating costs (USD $/oz produced)2 Q3 '19 938
All-in sustaining cost (AISC) (USD $/oz sold) Q3 '19 1183
Adjusted EBITDA Q3 '19 9134
Adjusted EBITDA per share Q3 '19 0.02
RNC's financial position (in millions of dollars)
Cash and cash equivalents Q3 '18 0.7 & Q2 '19 8.8 & Q3 '19 24.8 = Q3/Q2 '19 182% or 16 & Q3 '19/Q3 '18 3443 % or 24.1
Working capital deficit Q3 '18 -27.4 & Q2 '19 -8.3 & Q3 '19 12.2 = Q3/Q2 '19 -247% or 20.5 & Q3 '19/Q3 '18 -145 % or 39.6
Property, plant and equipment Q3 '18 15.5 & Q2 '19 76.9 & Q3 '19 77.8 = Q3/Q2 '19 1% or 0.9 & Q3 '19/Q3 '18 402 % or 62.3
Total assets Q3 '18 49.9 & Q2 '19 153.8 & Q3 '19 166.2 = Q3/Q2 '19 8% or 12.4 & Q3 '19/Q3 '18 233 % or 116.3
Total liabilities Q3 '18 37.3 & Q2 '19 94.6 & Q3 '19 86.7 = Q3/Q2 '19 -8% or -7.9 & Q3 '19/Q3 '18 132 % or 49.4
Shareholder's equity Q3 '18 12.6 & Q2 '19 59.2 & Q3 '19 79.5 = Q3/Q2 '19 34% or 20.3 & Q3 '19/Q3 '18 531 % or 66.9
INVENTORIES Q3 '18 4527000 & Q2 '19 22600000 & Q3 '19 20649000 = Q3/Q2 '19 -9% or -1951000 & Q3 '19/Q3 '18 356 % or 16122000
Share capital balance Q3 '18 440572898 & Q2 '19 556083313 & Q3 '19 606519880 = Q3/Q2 '19 9% or 50436567 & Q3 '19/Q3 '18 38 % or 165946982
GENERAL AND ADMINISTRATIVE EXPENSES
Share-based payments Q3 '18 8862000 & Q2 '19 1634000 & Q3 '19 -1344000 = Q3/Q2 '19 -182% or -2978000 & Q3 '19/Q3 '18 -115 % or -10206000
Salaries, wages and benefits Q3 '18 575000 & Q2 '19 367000 & Q3 '19 666000 = Q3/Q2 '19 81% or 299000 & Q3 '19/Q3 '18 16 % or 91000
Directors' fees Q2 '19 62000 & Q3 '19 14000 = Q3/Q2 '19 -77% or -48000
Professional fees Q3 '18 133000 & Q2 '19 304000 & Q3 '19 219000 = Q3/Q2 '19 -28% or -85000 & Q3 '19/Q3 '18 65 % or 86000
Consulting fees Q2 '19 21000 & Q3 '19 256000 = Q3/Q2 '19 1119% or 235000
Public company expenses Q3 '18 45000 & Q2 '19 95000 & Q3 '19 109000 = Q3/Q2 '19 15% or 14000 & Q3 '19/Q3 '18 142 % or 64000
Office and general Q3 '18 245000 & Q2 '19 416000 & Q3 '19 865000 = Q3/Q2 '19 108% or 449000 & Q3 '19/Q3 '18 253 % or 620000
Conference and travel Q3 '18 15000 & Q2 '19 127000 & Q3 '19 189000 = Q3/Q2 '19 49% or 62000 & Q3 '19/Q3 '18 1160 % or 174000
Investor relations Q3 '18 56000 & Q2 '19 412000 & Q3 '19 574000 = Q3/Q2 '19 39% or 162000 & Q3 '19/Q3 '18 925 % or 518000
Business development Q3 '18 207000 & Q2 '19 22000 & Q3 '19 0 = Q3/Q2 '19 -100% or -22000 & Q3 '19/Q3 '18 -100 % or -207000
Acquisition costs Q2 '19 2644000 & Q3 '19 301000 = Q3/Q2 '19 -89% or -2343000
Depreciation and amortization Q3 '18 28000 & Q2 '19 74000 & Q3 '19 65000 = Q3/Q2 '19 -12% or -9000 & Q3 '19/Q3 '18 132 % or 37000
General and administrative: other Q3 '18 1304000 & Q2 '19 4544000 & Q3 '19 3258000 = Q3/Q2 '19 -28% or -1286000 & Q3 '19/Q3 '18 150 % or 1954000
OTHER EXPENSES, NET
RNC Q3 '18 526000 & Q2 '19 287000 & Q3 '19 1254000 = Q3/Q2 '19 337% or 967000 & Q3 '19/Q3 '18 138 % or 728000
SLM (Beta Hunt) Q3 '18 240000 & Q2 '19 3761000 & Q3 '19 3857000 = Q3/Q2 '19 3% or 96000 & Q3 '19/Q3 '18 1507 % or 3617000
Other Q3 '18 5657000 & Q2 '19 4491000 & Q3 '19 3494000 = Q3/Q2 '19 -22% or -997000 & Q3 '19/Q3 '18 -38 % or -2163000
VMS (Reed) Q3 '18 292000 & Q3 '19 0 = Q3 '19/Q3 '18 -100 % or -292000
HGO Q3 '19 1031000
Total Q3 '18 6715000 & Q2 '19 8539000 & Q3 '19 9636000 = Q3/Q2 '19 13% or 1097000 & Q3 '19/Q3 '18 43 % or 2921000
SEGMENTED INFORMATION
Beta Hunt Gold/ Nickel Mine Australia Q3 '18 5014000 & Q2 '19 481000 & Q3 '19 6292000 = Q3/Q2 '19 1208% or & Q3 '19/Q3 '18 25 % or
HGO Gold Mine/Mill Australia Q2 '19 -2178000 & Q3 '19 4005000 = Q3/Q2 '19 -284% or 6183000
Reed Copper Mine Canada Q3 '18 4405000 & Q2 '19 -23000 & Q3 '19 -37000 = Q3/Q2 '19 61% or -14000 & Q3 '19/Q3 '18 -101 % or -4442000
Corporate and other exploration Canada Q3 '18 -10068000 & Q2 '19 -5814000 & Q3 '19 -1058000 = Q3/Q2 '19 -82% or 4756000 & Q3 '19/Q3 '18 -89 % or 9010000
Total Q3 '18 4365000 & Q2 '19 -7053000 & Q3 '19 9202000 = Q3/Q2 '19 -230% or 16255000 & Q3 '19/Q3 '18 111 % or 4837000