Error in news release?Why does the news release have a table that says "Net Loss" of $2,892 and "Loss per share" of $0.06 when it was actually a profit?
The following table contains selected highlights from the Company's audited consolidated statement of operations for the years ended April 30, 2021 and April 30, 2020:
(in thousands of Canadian dollars) (audited) | | Year Ended April 30, 2021 | | | Year Ended April 30, 2020 |
Revenues | $ | 26,799 | | $ | 24,820 |
Cost of Sales | | (20,397) | | | (22,836) |
Earnings from mining operations | | 6,402 | | | 1,984 |
| | | | | |
Administrative Expenses | | (3,843) | | | (4,396) |
Loss on Sale of Property | | (1,116) | | | (39) |
Income tax recovery (expense) - deferred | | 1,449 | | | (1,178) |
Net Loss | $ | 2,892 | | $ | (3,629) |
(i) Loss per share - basic | $ | 0.06 | | $ | (0.07) |
(ii) Loss per share - diluted | $ | 0.06 | | $ | (0.07) |
Reconciliation of Net Income to EBITDA(1) | | |
For the period ended April 30, | 2021 | | 2020 |
Net income (loss) | $ 2,892 | | $ (3,629) |
Sale of Altiplano | - | | 39 |
Loss on Toiyabe | 1,116 | | - |
Income tax expense (recovery) | (1,449) | | 1,178 |
Interest | 23 | | 349 |
Depreciation and depletion | 4,307 | | 3,738 |
EBITDA | $ 6,889 | | $ 1,675 |
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