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BRIEF-Ascendant Resources Announces Q2 2018 Production Results

Published 2018-07-12, 06:35 a/m
© Reuters.  BRIEF-Ascendant Resources Announces Q2 2018 Production Results
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July 12 (Reuters) - Ascendant Resources Inc ASND.TO :

* ASCENDANT RESOURCES ANNOUNCES Q2 2018 PRODUCTION RESULTS, CONTINUES GROWTH FOR SIXTH CONSECUTIVE QUARTER

* ASCENDANT RESOURCES INC - QTRLY CONTAINED METAL PRODUCTION OF 22.9 MILLION ZNEQ LBS, AN INCREASE OF 7% OVER Q1 2018

* ASCENDANT RESOURCES INC QTRLY MILLED PRODUCTION 192,428 TONNES, UP 28% VERSUS Q2 2017

* ASCENDANT RESOURCES INC - EXPECTS TONNES PROCESSED AND ORE GRADES TO CONTINUE TRENDING HIGHER OVER COURSE OF YEAR

* ASCENDANT RESOURCES INC - DURING Q2, REALIZED METAL PRICES WERE LOWER THAN ANTICIPATED IMPACTING EXPECTED CASH FLOW GENERATION

* ASCENDANT RESOURCES INC - METAL PRICES WILL REMAIN LOWER IN SHORT-TERM DUE TO GLOBAL TRADE CONCERNS AND PERCEIVED UNCERTAINTY FROM DEMAND-SIDE

* ASCENDANT RESOURCES SAYS REMAIN POSITIVE ON METAL PRICES GOING FORWARD BUT ARE COGNIZANT OF EL MOCHITO'S SENSITIVITY TO METAL PRICES

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