Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

BRIEF-AuRico Metals reports 2015 Q4 and year-end results; provides 2016 outlook

Published 2016-02-03, 08:28 a/m
© Reuters.  BRIEF-AuRico Metals reports 2015 Q4 and year-end results; provides 2016 outlook
AMI
-

Feb 3 (Reuters) - AuRico Metals Inc. AMI.TO :
* Reports 2015 fourth quarter and year-end results and provides 2016 outlook
* Says negotiated terms with Macquarie Group to put in place an acquisition
credit facility for up to $15.0 million
* Sees total royalty revenue of $6.6 to $7.1 million in 2016
* Says expect to be free cash flow positive in 2017
* Says progressing a stringent review of care and maintenance costs at kemess
in an effort to further reduce these costs
* Targeting a reduction of care and maintenance expenses to an annualized level
of $3.0 million or lower by the end of 2016

* Source text for Eikon Further company coverage AMI.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.