EXPM:HRTFF - Post by User
Comment by
bufordpusseron Nov 30, 2021 8:54pm
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Post# 34183080
RE:Ngd
RE:NgdNgd has 150 million in cash or cash equivilents and assets worth 2.2 billion.
Are you sugggesting they couldn't come up with the cash for hrt?
"Revenue of $32.2 million during Q3 2021 was higher than Q3 2020 primarily due to the COVID-19 related temporary halt to operations in Q3 2020. Revenue during Q3 2021 was derived from the sale of 14,669 ounces of gold (4,882 ounces of gold in Q3 2020), of which approximately 75% was from the sale of gold bullion through dor bars and the remainder mostly from the sale of gold concentrates."
"Earnings from mine operations were higher at $7.2 million for Q3 2021 as compared to $2.1 million in Q3 2020 primarily due to the COVID-19 related closure in Q2 2020."
"The Company recognized a recovery of $22.5 million in the change in the fair value of derivative financial instruments in 2021, compared to an expense of $27.7 million in 2020."
"The Company’s cash and cash equivalents increased to $11.4 million at September 30, 2021 up from $8.2 million at December 31, 2020, primarily due to the completion of the New Gold Strategic Investment in March 2021 and the delay of payments to BNP pursuant to the Forbearance Agreement (see BNP Debt Facilities below), partially offset by capital expenditure requirements. Operations generated $13.4 million in cash in the nine months ended September 30, 2021. The Company invested $23.9 million in mine development and additions to plant and equipment and made a $4.2 million debt repayment towards the BNP Debt Facilities as well as cash interest payments of $1.2 million."