On Thursday, Shares of First Majestic Silver Corp (NYSE:AG), subtract -1.14% and shut at $8.70 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $8.54 and $9.21. FIRST MAJESTIC SILVER CORP. (FMV.F)(FR.TO)(AG.MX)(AG.MX) (the “Company” or “First Majestic”) is happy to declare the unaudited interim merged financial results of the Company for the third quarter ended September 30, 2016.
THIRD QUARTER 2016 HIGHLIGHTS
(contrast to Third Quarter 2015)
Silver equivalent production raised 27% to 4.5 million ounces
Silver production raised 20% to 3.1 million ounces – a new quarterly record
All-in sustaining costs (“AISC”) reduced 27% to $10.52 per payable silver ounce
Revenues raised 78% to $79.3 million
Realized average silver price raised 30% to $19.72 per ounce
Mine operating earnings raised 656% to $20.0 million
Net earnings raised 556% to $8.1 million (Basic EPS of $0.05)
Adjusted earnings, apart from non-cash and non-recurring items, raised 254% to $11.7 million (Adjusted EPS of $0.07)
Operating cash flows before working capital and taxes raised 319% to $35.4 million or $0.22 per share (non-GAAP)
Cash costs reduced 33% to $5.84 per payable silver ounce (net of by-product credits)
Cash and cash equivalents totaled $122.5 million at the end of the quarter, representing a $14.3 million increase contrast to the previous quarter
Shares of Gevo, Inc. (NASDAQ:GEVO), subtract -0.85% and shut at $0.338 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $0.33 and $0.35. The association’s commercial center capitalization is $44.79 Billion with the general uncommon loads of 136.45 million. Gevo, Inc. (GEVO) recently declared financial results for the three months ended September 30, 2016. Key highlights for the quarter included:
Gevo produced about 145,000 gallons of isobutanol during the quarter.
On November 14, Alaska Airline flew the first commercial flight with Gevo’s cellulosic Alcohol-to-Jet fuel (“ATJ”). Formerly, on October 11, 2016, Gevo declared that it had accomplished production of the world’s first cellulosic renewable jet fuel that is specified for commercial flights. Gevo successfully adapted its patented technologies to convert cellulosic sugars derived from wood waste into renewable isobutanol, which was then further converted into its ATJ. This ATJ meets the ASTM D7566 specification allowing it to be used for commercial flights. Gevo produced over 1,000 gallons of the cellulosic ATJ.
On November 10, Gevo declared that gasoline blended with its isobutanol and marketed for use in automobiles has begun to be sold in the Houston area. This marks the first time that Gevo’s isobutanol has been specifically targeted towards on-road vehicles. Musket Corporation is Gevo’s distribution partner serving the Houston market. Musket is blending up specially formulated gasoline containing Gevo’s isobutanol to distribute into the on-road automobile market.