Latest news with #www.sedar.com
Yahoo
2 days ago
- Business
- Yahoo
Canoe EIT Income Fund Announces June 2025 Monthly Distribution
CALGARY, Alberta, June 04, 2025 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund (the 'Fund') (TSX - announces the June 2025 monthly distribution of $0.10 per unit. Unitholders of record on June 20, 2025, will receive distributions payable on July 15, 2025. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada's largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial. About Canoe Financial Canoe Financial is one of Canada's fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal. For further information, please contact:Investor Relations1–877–434– Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund's ability to generate future income. You should not draw any conclusions about the fund's investment performance from the amount of this distribution. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on before investing. Investment funds are not guaranteed and past performance may not be repeated. This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
Monument Reports Third Quarter Fiscal 2025 Results
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) 'Monument' or the 'Company' today announced its financial results for the three months ('Q3 FY 2025') and nine months ended March 31, 2025 ('YTD FY 2025'). All amounts are in United States dollars unless otherwise indicated (refer to for full financial results). President and CEO Cathy Zhai commented, 'In Q3 FY 2025, the flotation plant performance was well optimized at Selinsing Gold Mine as expected, attributed to the successful commissioning of the new filter press. The Company's cash reserves grew by $6.46 million to $29.54 million even the March shipment delayed to the following quarter due to impact from the 'tariff war', while working capital rose by $7.0 million to $38.93 million. 'At Murchison, the development plan advanced steadily with an economic scoping study being carried out by SRK Consulting (Australasia) Pty Ltd ('SRK'), highlighted by the signing of collaboration agreements with two ASX-listed gold exploration companies to potentially process ore from their nearby projects at the Burnakura mill.' Third Quarter Highlights: Third Quarter and YTD Fiscal Year 2025 Production and Financial Highlights (1) Out of total 9,543 ounces of gold production reported in Q3 FY 2025, of which 71 ounces were production adjustments. (2) Total cash cost for sulphide plant production includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties, and operating costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost excludes amortization, depletion, accretion expenses, capital costs, exploration costs and corporate administration costs. (3) All-in sustaining cost per ounce includes total cash costs, operation expenses, and adds sustaining capital expenditures, corporate administrative expenses for the Selinsing Gold Mine including share-based compensation, exploration and evaluation costs, and accretion of asset retirement obligations. Certain other cash expenditures, including tax payments and acquisition costs, are not included. GOLD PRODUCTION RESULTS Third quarter gold production YTD FY 2025 gold production FINANCIAL RESULTS Third Quarter financial results YTD FY 2025 financial results MINE DEVELOPMENT AND EXPLORATION Selinsing Gold Mine Pre-stripping and cut-back Mining at Buffalo Reef and Felda Block 7 continued and reached the high-grade portion of the orebody. The stripping ratio declined during Q3 as expected once the cutback activities were concluded as per the mining schedule. Tailing Storage Facility Upgrade Having completed all construction work for the stage 6 TSF main embankment raise to 540m RL, attention was focussed on the stage 7 raise to 545 mRL. Planning for a geotechnical site investigation was initiated including rotary core drilling and standard penetration tests. The fieldwork and subsequent laboratory test work was scheduled to commence in Q4 FY 2025. Flotation Plant and Related Facilities During Q3 FY 2025, ongoing plant optimization included: jaw crusher liners, a new jaw crusher discharge chute, several sets of cone crusher concave and mantle liners, repairs to the cyclone feed and secondary ball mill discharge pumps, a new primary mill pump, discharge hopper, strengthening the working platform in the cyclone area and providing a new maintenance access platform in the concentrate thickener area, and other pumps and pipelines. The filter press operation including a new filter press, new compressor and new concentrate surge tank were successfully commissioned and in use in the third quarter of fiscal 2025 after further optimization design and electrical control centralization. Exploration During the third quarter the Company continued a review process for the potential expansion of mineral resources at Selinsing, and a proposal of drill holes for Buffalo Reef resource conversion drilling has been reviewed. An exploration team has been recruited for exploration programs and a core logging, cutting and sampling facility has been established. Infill drilling commenced in Q3 FY 2025 (405 metres drilled) to improve resource estimates within the current pits. A new drilling program is expected to commence at the end of fiscal 2025, which will aim to identify additional oxide and sulphide mineralisation, upgrade the resources outside of the current pit-shell and potentially increase the life of mine. Murchison Gold Project During Q3 FY 2025 the Company continued working on a review of the Murchison Gold Project, including an economic assessment for a production restart. The economic scoping study is being carried out by SRK Consulting (Australasia) Pty Ltd. A geological database and archive review made significant progress during the second and third quarter, completed in May 2025 subsequent to the third quarter, FY 2025. The confirmation drilling program was planned for the Gabanintha tenements, in order to allow certain historical resources into the mine plan. The Company continued to engage with the local Aboriginal group to build a productive relationship and discuss its production intentions and gain the traditional owner's support. The processing plant, accommodation, catering facilities, offices, and associated infrastructure were maintained to a good standard ensuring operational readiness for commissioning if production restarts. Accommodation and catering facilities were fully operational during the quarter and equipped to support administrative, exploration, and mining activities. Collaboration Agreements During Q3 FY 2025 the Company announced the signing of two collaboration agreements, one with Odyssey Gold Limited and one with Great Boulder Resources, to potentially process ore from their projects through Monument's Burnakura Mill subject to availability. About Monument Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project, jointly owned by Odyssey Gold Ltd in the same region. The Company employs approximately 270 people in both regions and is committed sustainability with practice of the highest standards of environmental management, social responsibility, including health and safety for its employees and neighboring communities, and good corporate governance. Cathy Zhai, President and CEO Monument Mining Limited Suite 1580 -1100 Melville Street Vancouver, BC V6E 4A6 FOR FURTHER INFORMATION visit the company web site at or contact: Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@ 'Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.' Disclaimer Regarding Forward-Looking Statements This news release includes statements containing forward-looking information about Monument, its business and future plans ('forward-looking statements'). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company's plans with respect to its mineral projects, expectations regarding the completion of the ramp-up period to target production level at Selinsing and the timing thereof, expectations regarding the Company's continuing ability to source explosives from suppliers, expectations regarding completion of the proposed storage shed and ammonium nitrate depot and the timing thereof, and the timing and results of the other proposed programs and events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities, including those related to the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; uncertainties and risks related to the Company's ability to source explosives from suppliers; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company's projects, all of which are available under the profile of the Company on SEDAR at . Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company's projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; assumptions regarding the timing and results of development activities, including the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; expectations that the Company will continue to be able to source explosives from suppliers in a timely manner; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company's projects, all of which are available under the profile of the Company on SEDAR at . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws .
Yahoo
7 days ago
- Business
- Yahoo
Monument Reports Third Quarter Fiscal 2025 Results
Gross Revenue of US$19.85 Million and Cash Cost of US$874/Oz VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) 'Monument' or the 'Company' today announced its financial results for the three months ('Q3 FY 2025') and nine months ended March 31, 2025 ('YTD FY 2025'). All amounts are in United States dollars unless otherwise indicated (refer to for full financial results). President and CEO Cathy Zhai commented, 'In Q3 FY 2025, the flotation plant performance was well optimized at Selinsing Gold Mine as expected, attributed to the successful commissioning of the new filter press. The Company's cash reserves grew by $6.46 million to $29.54 million even the March shipment delayed to the following quarter due to impact from the 'tariff war', while working capital rose by $7.0 million to $38.93 million. 'At Murchison, the development plan advanced steadily with an economic scoping study being carried out by SRK Consulting (Australasia) Pty Ltd ('SRK'), highlighted by the signing of collaboration agreements with two ASX-listed gold exploration companies to potentially process ore from their nearby projects at the Burnakura mill.' Third Quarter Highlights: $29.54 million cash on hand, a $6.46 million increase from $23.08 million during Q3 FY 2025, compared to $7.49 million cash on hand, $2.65 million increase during Q3 FY 2024; $38.93 working capital, $18.38 million or 89% increase from $20.55 million at the end of June 30, 2024; Net profit of $4.86 million, or $0.01 per share for Q3 FY 2025, compared to net income of $0.88 million, or $0.00/share for Q3 FY 2024; Gross margin of 12.51 million for Q3 FY 2025, 73% more than $7.21 million in Q3 FY 2024; Production performance: A record 9,543 ounces of gold produced during the quarter (Q3 FY 2024: 5,488 ounces), with a new filter press in operation since March 2025; 8,399 ounces of gold sold at a record average realized price of $2,945/oz for gross revenue of $19.85 million (Q3 FY 2024: 8,727 ounces sold at an average realized price of $2,097/oz for gross revenue of $14.91 million); Cash cost of $874 per ounce sold (Q3 FY 2024: $882/oz); All in sustaining cost of $1,366 per ounce sold for Q3 FY 2025, 7% increase compared to $1,273/oz in Q3 FY 2024; Mineral resource drilling programs initiated targeting on increasing the mine life. Third Quarter and YTD Fiscal Year 2025 Production and Financial Highlights Three months ended March 31, Nine months ended March 31, 2025 2024 2025 2024 Production Ore mined (tonnes) 217,303 200,676 532,531 790,264 Waste removed (tonnes) 2,079,437 2,777,069 6,454,008 7,565,320 Gold Sulphide Production Ore processed (tonnes) 191,664 166,478 550,976 536,189 Average mill feed grade (g/t) 1.76 1.49 1.78 1.62 Processing recovery rate (%) 88.20 68.50 83.49 69.82 Gold produced (oz) (1) 9,543 5,488 26,215 19,539 Gold sold (oz) 8,399 8,727 26,656 20,301 Financial (expressed in thousands of US$) $ $ $ $ Revenue 19,847 14,911 59,015 32,819 Gross margin from mining operations 12,511 7,213 35,664 14,991 Net Income before other items 9,296 2,715 26,321 5,606 Net income 4,863 884 16,699 204 Cash flows provided by operations 11,322 6,201 29,720 8,635 Working capital 38,929 17,406 38,929 17,406 Earnings per share – basic and diluted (US$/share) 0.01 0.00 0.05 0.00 Weighted average gold price US$/oz US$/oz US$/oz US$/oz - Realized price - sulphide production 2,945 2,097 2,718 1,917 Cash cost per ounce sold Mining 229 323 238 301 Processing 296 349 298 347 Royalties 281 149 267 162 Operations 68 61 73 68 Total cash cost per ounce sold (2) 874 882 876 878 Operation expenses 4 4 5 5 Corporate expenses 39 8 17 7 Accretion of asset retirement obligation 7 6 6 8 Exploration and evaluation expenditures 20 1 9 2 Sustaining capital expenditures 422 372 311 268 Total all-in sustaining costs per ounce sold(3) 1,366 1,273 1,224 1,168 (1) Out of total 9,543 ounces of gold production reported in Q3 FY 2025, of which 71 ounces were production adjustments.(2) Total cash cost for sulphide plant production includes production costs such as mining, processing, tailing facility maintenance and camp administration, royalties, and operating costs such as storage, temporary mine production closure, community development cost and property fees, net of by-product credits. Cash cost excludes amortization, depletion, accretion expenses, capital costs, exploration costs and corporate administration costs.(3) All-in sustaining cost per ounce includes total cash costs, operation expenses, and adds sustaining capital expenditures, corporate administrative expenses for the Selinsing Gold Mine including share-based compensation, exploration and evaluation costs, and accretion of asset retirement obligations. Certain other cash expenditures, including tax payments and acquisition costs, are not included. GOLD PRODUCTION RESULTSThe sulphide flotation plant produced 9,543 ounces of gold, including 71 ounces adjustments. The mill processed 191,664 tonnes of sulphide ore at an improved average recovery of 88.20% because of new filter press and plant improvements and optimization, the use of new reagents including ethylene glycol frother, and the treatment of higher-grade transition and fresh sulphide ore. Further, higher grade transition and fresh sulphide ore at 1.76 g/t were treated compared to Q3 FY 2024. During Q3 FY 2025, mining activities continued to focus on Buffalo Reef and Felda Block 7. Ore mined in the quarter was 8% lower than in Q3 FY 2024, primarily due to avoidance of excessive ore stockpiles and improvement of overall production cost efficiency. The ore processed during the quarter was 15% more than in Q3 FY 2024 due to more plant availability and improved outputs of new filter press to resolve processing production included total material mined of 6,986,539 tonnes (nine months ended March 31, 2024 ('YTD FY 2024'): 8,355,584 tonnes), comprising to 532,531 tonnes of ore (YTD FY 2024: 790,264 tonnes) and 6,454,008 tonnes of waste (YTD FY 2024: 7,565,320 tonnes). The stripping ratio increased to 12.12 compared to 9.57 during YTD FY 2024, due to the mining sequence and higher cutback waste to support ore continuity and production sustainability. The mill processed 550,976 tonnes of sulphide ore during YTD FY 2025, averaging a head grade of 1.78 g/t and a recovery of 83.49%. FINANCIAL RESULTSQ3 FY 2025 gold sales generated revenue of $19.85 million from 8,399 oz gold sold at a record average realized price of $2,945 per ounce (Q3 FY 2024: 8,727 oz at $2,097 per ounce for gross revenue of $14.91 million) from the sulphide flotation plant. Mining operations before non-cash amortization and depreciation generated a gross margin of $12.51 million, 73% more than $7.21 million in Q3 FY 2024. The cash cost from the sulphide gold production was reduced to $874/oz compared to $882/oz in the Q3 FY 2024, contributed by lower mining and processing cost per ounce, offset by higher royalty per ounce based on higher gold sale price. Net cash generated from operating activities of $11.32 million in the quarter, an increase of $5.12 million compared to $6.20 million of net cash generation during Q3 FY 2024, which was mainly led by higher gross margin from higher grade and recovery rate, higher realized gold prices, and lower cash cost per ounce. The Company's cash and cash equivalents as at March 31,2025 were $29.54 million, an increase of $18.68 million from $10.86 million as of June 30, 2024. And current assets exceeded current liabilities by $38.93 million (June 30, 2024: $20.55 million) demonstrating a strong net working capital of $59.02 million from the sale of gold concentrates, containing 26,656 oz of gold sold at the average realized gold price of $2,718/oz (YTD FY 2024: revenue of $32.82 million for 20,301 oz of gold sold at the average realized price at $1,917 per ounce). Total mining cost of $1.92 million compared to $2.82 million during YTD FY 2024. Total processing costs related to the sulphide operations were $2.48 million compared to $3.05 million during YTD FY 2024. Mining operations before non-cash amortization and depreciation generated a gross margin of $35.66 million, an increase of $20.67 million from $14.99 million during YTD FY 2024. The cash cost from the sulphide flotation gold production decreased to $876/oz (YTD FY2024: $878/oz for the gold concentrate), led by lower mining and processing cost per ounce, offset by higher royalty per ounce based on higher gold sale price. MINE DEVELOPMENT AND EXPLORATIONPre-stripping and cut-back Mining at Buffalo Reef and Felda Block 7 continued and reached the high-grade portion of the orebody. The stripping ratio declined during Q3 as expected once the cutback activities were concluded as per the mining schedule. Tailing Storage Facility Upgrade Having completed all construction work for the stage 6 TSF main embankment raise to 540m RL, attention was focussed on the stage 7 raise to 545 mRL. Planning for a geotechnical site investigation was initiated including rotary core drilling and standard penetration tests. The fieldwork and subsequent laboratory test work was scheduled to commence in Q4 FY 2025. Flotation Plant and Related Facilities During Q3 FY 2025, ongoing plant optimization included: jaw crusher liners, a new jaw crusher discharge chute, several sets of cone crusher concave and mantle liners, repairs to the cyclone feed and secondary ball mill discharge pumps, a new primary mill pump, discharge hopper, strengthening the working platform in the cyclone area and providing a new maintenance access platform in the concentrate thickener area, and other pumps and pipelines. The filter press operation including a new filter press, new compressor and new concentrate surge tank were successfully commissioned and in use in the third quarter of fiscal 2025 after further optimization design and electrical control centralization. Exploration During the third quarter the Company continued a review process for the potential expansion of mineral resources at Selinsing, and a proposal of drill holes for Buffalo Reef resource conversion drilling has been reviewed. An exploration team has been recruited for exploration programs and a core logging, cutting and sampling facility has been established. Infill drilling commenced in Q3 FY 2025 (405 metres drilled) to improve resource estimates within the current pits. A new drilling program is expected to commence at the end of fiscal 2025, which will aim to identify additional oxide and sulphide mineralisation, upgrade the resources outside of the current pit-shell and potentially increase the life of Q3 FY 2025 the Company continued working on a review of the Murchison Gold Project, including an economic assessment for a production restart. The economic scoping study is being carried out by SRK Consulting (Australasia) Pty Ltd. A geological database and archive review made significant progress during the second and third quarter, completed in May 2025 subsequent to the third quarter, FY 2025. The confirmation drilling program was planned for the Gabanintha tenements, in order to allow certain historical resources into the mine plan. The Company continued to engage with the local Aboriginal group to build a productive relationship and discuss its production intentions and gain the traditional owner's support. The processing plant, accommodation, catering facilities, offices, and associated infrastructure were maintained to a good standard ensuring operational readiness for commissioning if production restarts. Accommodation and catering facilities were fully operational during the quarter and equipped to support administrative, exploration, and mining activities. Collaboration Agreements During Q3 FY 2025 the Company announced the signing of two collaboration agreements, one with Odyssey Gold Limited and one with Great Boulder Resources, to potentially process ore from their projects through Monument's Burnakura Mill subject to availability. About Monument Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project, jointly owned by Odyssey Gold Ltd in the same region. The Company employs approximately 270 people in both regions and is committed sustainability with practice of the highest standards of environmental management, social responsibility, including health and safety for its employees and neighboring communities, and good corporate governance. Cathy Zhai, President and CEOMonument Mining LimitedSuite 1580 -1100 Melville StreetVancouver, BC V6E 4A6 FOR FURTHER INFORMATION visit the company web site at or contact: Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102rcushing@ "Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." Disclaimer Regarding Forward-Looking Statements This news release includes statements containing forward-looking information about Monument, its business and future plans ("forward-looking statements"). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company's plans with respect to its mineral projects, expectations regarding the completion of the ramp-up period to target production level at Selinsing and the timing thereof, expectations regarding the Company's continuing ability to source explosives from suppliers, expectations regarding completion of the proposed storage shed and ammonium nitrate depot and the timing thereof, and the timing and results of the other proposed programs and events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities, including those related to the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; uncertainties and risks related to the Company's ability to source explosives from suppliers; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company's projects, all of which are available under the profile of the Company on SEDAR at Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company's projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; assumptions regarding the timing and results of development activities, including the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; expectations that the Company will continue to be able to source explosives from suppliers in a timely manner; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company's projects, all of which are available under the profile of the Company on SEDAR at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Yahoo
27-05-2025
- Business
- Yahoo
Faircourt Asset Management Inc. Announces May Distribution
Toronto, May 26, 2025 (GLOBE NEWSWIRE) -- Faircourt Asset Management Inc., as Manager of the Faircourt Fund (CBOE:FGX), is pleased to announce the monthly distribution payable on the Shares of the below listed Fund. Faircourt Funds Trading Symbol Distribution Amount (per share/unit) Ex-Dividend Date Record Date Payable Date Faircourt Gold Income Corp. FGX $0.024 May 30, 2025 May 30, 2025 June 13, 2025 Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. This press release is not for distribution in the United States or over United States wire services. For further information on the Faircourt Funds, please visit or please contact 1-800-831-0304. You will usually pay brokerage fees to your dealer if you purchase or sell Shares of the Fund on the CBOE Canada Exchange or other alternative Canadian trading system (an 'exchange'). If the Shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Shares of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at Investment funds are not guaranteed, their values change frequently and past performance may not be in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
23-05-2025
- Business
- Hamilton Spectator
Gulf & Pacific Equities Corp. reports on First Quarter Results with Revenue of $1,132,621 And Refinancing of Mortgages
Toronto, May 23, 2025 (GLOBE NEWSWIRE) — Gulf & Pacific Equities Corp. (TSX-V: GUF) an established company focused on the acquisition, management and development of anchored shopping centers in Western Canada, reports a 4.1% increase in revenues to $1,132,621 in the quarter ended March 31, 2025, from $1,087,886 at the same period last year. Details of the three months financial results for fiscal 2025 and 2024 under International Financial Reporting Standards (IFRS), as summarized below, are also available at or the company's website . The company is pleased to announce that it has refinanced all six mortgages due this year with new mortgages at a term of one year at fixed rates. Three mortgages will mature on April 1, 2026, at 5.17%. One mortgage will mature on April 4, 2026, at a rate of 5.18%. One mortgage will mature on April 28, 2026, at a rate of 5.16%. The remaining mortgage will mature on May 4, 2026, at a rate of 5.13%. About Gulf & Pacific Equities Corp. Gulf & Pacific Equities Corp. was incorporated under the laws of the Province of Alberta on April 8, 1998, and thereafter completed a public offering of common shares by prospectus dated June 26, 1998 (TSX-V: GUF). The company acquires, manages and develops anchored shopping malls in Western Canada's rural center's, particularly Alberta. Gulf & Pacific targets smaller, rapidly growing hub communities serviced with hospitals, high schools, police stations, and retail service infrastructures. Management has consistently reinvested cash flow to improve and expand its portfolio of income properties. Gulf & Pacific Equities Corp. owns three well-located retail assets in Three Hills, St. Paul, and Cold Lake Alberta. For further information, please contact: Mr. Anthony Cohen President and Chief Executive Officer Gulf & Pacific Equities Corp. 1240 Bay Street, Suite 800 Toronto, Ontario M5R 2A7 Telephone: 416-968-3337 Telecopy: 416-968-3339 E-mail: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES Cautionary Statements This news release contains 'forward-looking statements', within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Gulf & Pacific Equities. Forward-looking statements include, but are not limited to, statements with respect to the benefits of the offering and option transaction. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Gulf & Pacific Equities to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: economic conditions in Western Canada, interest rates, raising less than the required capital; not realizing on the anticipated benefits from the transaction or not realizing on such anticipated benefits within the expected time frame; and other risks of the real estate industry. Although management of Gulf & Pacific Equities has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gulf & Pacific Equities does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
