In an essay-long praise of film legend Federico Fellini as part of the March issue of Harper’s Magazine, Martin Scorsese lamented over the devaluing of cinema.
In an essay-long praise of film legend Federico Fellini as part of the March issue of Harper’s Magazine, Martin Scorsese lamented over the devaluing of cinema.
ATLANTA (AP) _ Cardlytics, Inc. (CDLX) on Monday reported a fourth-quarter loss of $6.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Atlanta-based company said it had a loss of 24 cents. The results fell short of Wall Street expectations.
A reward system for kidnappers is fuelling mass abductions of students in northern Nigeria.
-- VAZALORE is the first ever liquid-filled aspirin capsule with an innovative delivery platform indicated as a pain reliever, fever reducer and for aspirin therapy in vascular indications – -- U.S. commercial launch of VAZALORE planned for third quarter 2021 -- SPARTA, N.J., March 01, 2021 (GLOBE NEWSWIRE) -- PLx Pharma Inc. (NASDAQ: PLXP) (“PLx” or the “Company”) is a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform designed to provide more effective and safer products. PLx announced today that the U.S. Food and Drug Administration (“FDA”) approved supplemental new drug applications (“sNDAs”) for its lead products, VAZALORE™ 325 mg and VAZALORE™ 81 mg (referred to together as “VAZALORE”), the first ever novel, liquid-filled aspirin capsule. “The approval of the VAZALORE sNDAs marks a significant milestone that brings us closer to providing an innovative aspirin to millions of patients who need reliable and predictable antiplatelet therapy,” stated Natasha Giordano, President and Chief Executive Officer of PLx. “We are delighted that the FDA approved both sNDAs for VAZALORE, and we are eager to implement our commercial launch plans later this year. We look forward to introducing VAZALORE to the medical community and to patients who can benefit from this breakthrough technology designed to reduce the risk of stomach injury,” concluded Giordano. In October 2020, the Company submitted separate supplemental new drug applications (“sNDAs”) for each dose strength. The submissions were considered chemistry and manufacturing control (“CMC”) filings as they included information on a change in formulation and the new manufacturing site for VAZALORE 325 mg and a new product strength for the 81 mg dose. The submission for the 325 mg dose also contained the results of a clinical study, demonstrating VAZALORE's bioequivalence to immediate-release aspirin, further supporting the change in formulation. The submission for the 81 mg dose builds off the information in the original approved new drug application, as well as the recent sNDA submitted for VAZALORE 325 mg. About VAZALORE VAZALORE is an FDA-approved liquid-filled aspirin capsule that provides patients with vascular disease and diabetic patients who are candidates for aspirin therapy based on physician recommendation, with fast, reliable and predictable platelet inhibition as compared to enteric-coated aspirin. It also reduces the risk of stomach erosions and ulcers, as compared to immediate-release aspirin, common in an acute setting. About PLx Pharma Inc.PLx Pharma Inc. is a late-stage specialty pharmaceutical company focused on its clinically-validated and patent-protected PLxGuard™ drug delivery platform to provide more effective and safer products. The PLxGuard drug delivery platform works by targeting the release of active pharmaceutical ingredients to various portions of the gastrointestinal (GI) tract. PLx Pharma believes this has the potential to improve the absorption of many drugs currently on the market or in development, and to reduce the risk of stomach erosions and ulcers associated with certain drugs. To learn more about PLx Pharma Inc. and its pipeline, please visit www.plxpharma.com. Forward-Looking Statements Any statements made in this press release relating to future financial or business performance, conditions, plans, prospects, trends, or strategies and other financial and business matters, including without limitation, the prospects for commercializing or selling any products or drug candidates are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, when or if used in this press release, the words “may,” “could,” “should,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict” and similar expressions and their variants, as they relate to PLx may identify forward-looking statements. PLx cautions that these forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Important factors that may cause actual results to differ materially from the results discussed in the forward-looking statements or historical experience include risks and uncertainties, including the failure by PLx to secure and maintain relationships with collaborators; risks relating to clinical trials; risks relating to the commercialization, if any, of PLx’s proposed product candidates (such as marketing, regulatory, product liability, supply, competition, and other risks); dependence on the efforts of third parties; dependence on intellectual property, risks that PLx may lack the financial resources and access to capital to fund proposed operations. Further information on the factors and risks that could affect PLx’s business, financial conditions and results of operations are contained in PLx’s filings with the U.S. Securities and Exchange Commission (“SEC”), which are available at www.sec.gov. Other risks and uncertainties are more fully described in PLx’s Form 10-K for the year ended December 31, 2019 filed with the SEC on March 13, 2020, and in other filings that PLx has made or will make going forward. The forward-looking statements represent PLx’s estimate as of the date hereof only, and PLx specifically disclaims any duty or obligation to update forward-looking statements. Contact Investor Relations:Lisa M. Wilson, In-Site Communications, Inc.T: 212-452-2793E: firstname.lastname@example.org Source: PLx Pharma Inc.
The "Dental Implant Market By Materials, Structure, End-User, Regions, Comapny Analysis & Global Forecast" report has been added to ResearchAndMarkets.com's offering.
Suzhou Medilink Therapeutics Ltd. (Medilink), a global biotech company focusing on next-generation antibody-drug conjugate Research & development, announced the closing of a $50 million series A financing, to accelerate its innovative pipeline development and to support its unique conjugate technology platform. The financing includes a series-A1 round led by Apricot Capital, and a series-A2 round co-led by Loyal Valley Capital and Qiming Venture Partners.
Earnings Conference Call at 10am PST (1pm EST) Today VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) released today its financial results for the fourth quarter and year ended December 31, 2020. The Company operates three silver-gold mines in Mexico: the Guanaceví mine in Durango state, the Bolañitos mine in Guanajuato state and the El Compas mine in Zacatecas state. All dollar ($) amounts are reported in United States dollars (US$). Bradford Cooke, Endeavour CEO, commented, “While 2019 was operationally the most challenging in our 16-year history as a producing company, 2020 was perhaps one of the most satisfying. Notwithstanding a government mandated two-month suspension of mining operations due to the COVID pandemic, we delivered higher production and lower costs at each of our three operating mines in 2020.” “Lower costs coupled with higher metal prices drove significantly higher revenues, cash flow and earnings, which turned positive for the first time in three years thanks to our very strong performance in Q4, 2020. The operational turn-around programs implemented in 2019 have been a big success operationally and financially, a testament to the hard work, skill, passion and persistence of our operations team.” “We remain alert regarding the COVID pandemic in Mexico and diligent with all our health and safety protocols, continuing to prioritize our employees’ safety as a key goal. I am pleased to report that Guanacevi, our largest mine, posted a second consecutive year with more than 1 million hours worked without a lost time accident.” 2020 Fourth Quarter Highlights Gross Sales: $61.2 million, up 81% from $34.6 million in Q4, 2019 on the sale of 1.4 million ounces (oz) of silver and 13,850 oz gold at average realized prices of $24.76 per oz silver and $1,885 per oz gold.Cash Flow: $21.6 million from operations before working capital changes, up from negative $7.9 million in 2019, mine operating cash flow before taxes(1) was $30.2 million up from $4.9 million in Q4 2019.Net Income: $19.9 million ($0.13 per share), up from a net loss of $17.9 million in Q4, 2019, Q4 2020 EBITDA was $24.3 million.Metal Production: 1,117,289 oz silver and 12,586 oz gold for 2.1 million oz silver equivalent (AgEq), up 25% compared to 1,705,751 oz AgEq in Q4, 2019 using an 80:1 silver:gold ratio.Cash Cost(1): $6.83 per oz silver payable net of gold credits, down 50% from $13.63 per oz in Q4, 2019. Direct cost per tonne increased due to higher royalty payments and third-party ore purchased at the Guanaceví mine, partly offset by lower costs at the Bolanitos and El Compas mines. Excluding royalties and special mining duties, operating cost per tonne declined in Q4, 2020 due to improved productivity.All-in Sustaining Cost (AISC)(1): $18.52 per oz silver payable net of gold credits, down 20% from $23.20 per oz in Q4, 2019. 2020 Full Year Highlights Gross Revenue: $140.3 million, up 15% from $121.7 million in 2019 on the sale of 3.5 million oz of silver and 35,519 oz gold at average realized prices of $21.60 per oz silver and $1,846 per oz gold. Cash Flow: $28.8 million from operations before working capital changes, up from negative $8.9 million in 2019, mine operating cash flow before taxes(1) was $56.2 million up from $14.9 million in 2019.Net Income: $1.2 million ($0.01 per share), up from a net loss of $48.1 million in 2019, full year EBITDA(1) was $29.4 million. Metal Production: 3,513,767 oz silver and 37,139 oz gold for 6.5 million oz AgEq, down 9% from 7.1 million oz AgEq in 2019 using an 80:1 silver:gold ratio primarily due to the suspension of operations at the El Cubo mine on November 30, 2019.Cash Cost(1): $5.55 per oz silver payable net of gold credits, down 57% from $12.85 per oz in 2019. All-in Sustaining Cost(1): $17.59 per oz silver payable net of gold credits, down 17% from $21.19 per oz in 2019. Direct cost per tonne increased due to higher royalty payments and toll ore purchases at the Guanaceví mine, partly offset by lower costs at the Bolanitos and El Compas mines. Excluding royalties and special mining duties, operating cost per tonne declined due to improved productivity. Balance Sheet: Year-end cash balance was $61.1 million, working capital was $70.4 million. Only long term debt consist of equipment loans of $6.1 million used to upgrade our mobile fleet. Raised net $25.3 million in proceeds from an ATM equity offering in the first seven months of 2020 with a new ATM of $60 million currently in place and available for use.Guanacevi Continued to Outperform: Operating costs increased due to purchasing more toll ore from small miners, while the higher prices and profitability increased royalty payments and special mining duties. Delivered free cash flow of $20.8 million.Bolanitos Continued to Improve: Higher prices and improved profitability resulted in higher special mining duties which increased direct costs per tonne. Direct operating costs improved from 2019 due to increased productivity in 2020. Delivered free cash flow of $3.2 million.El Compas Costs Improved: Cost profile improved compared to prior quarters, while throughput remained steady. Terronera Pre-Feasibility Study Finalized: Represents the Company’s next core asset with a low CAPEX, low operating costs, short payback period and exceptional financial returns, feasibility study now half way towards completion in Q3, 2021.Expanded Land Position and Resumed Greenfields Exploration at Terronera: Acquired two adjacent mineral concessions spanning 4,959 hectares, covering multiple mineralized vein structures, and resumed drilling of untested veins.Delivered Positive Brownfields Exploration Results: Drilling continued to intersect high-grade gold-silver mineralization in the Santa Cruz vein at Guanacevi, the Melladito and San Bernabe veins at Bolanitos, and the Misie and Calicanto veins in the El Compas district. (1) Mine operating cash flow, direct cost per tonne, direct operating cost per tonne, cash costs and all-in sustaining costs are non-IFRS measures. Please refer to the definitions in the Company’s Management Discussion & Analysis. Financial Overview In 2020, revenue, net of smelting and refining costs, increased 18% to $138.4 million as sharply higher metal prices were partly offset by 9% lower silver equivalent production year on year. Mine operating cash flows, operating cash flows, earnings and EBITDA all substantially increased compared to 2019. Net earnings improved to $1.2 million compared to a net loss of $48.1 million in 2019, including $19.9 million earnings in Q4, 2020. A Company-wide review of operations in early 2019 identified several opportunities to improve operating performance. As a result, management initiated multiple remedial measures including changes of mine-site management and mining contractors, changes to shift and contractor supervision, renting used mining equipment, leasing new mining equipment and reducing the work force. The goal of these remedial measures was to improve safety, boost productivity, reduce operating costs and generate free cash flow. Management notes that the remedial measures had a positive impact on mine operating performance, the operational turn-arounds were completed last year and the benefit of these initiatives was realized in the second half of 2020. These improvements accommodated increased health protocols and new government restrictions related to the COVID-19 global pandemic (COVID-19), including the temporary suspension of mining operations in April and May of 2020. Direct costs per tonne in 2020 increased 4%, to $114.57 compared with 2019 due to higher royalties, special mining duties and toll ore purchases offset by improved productivity at the Guanaceví and Bolañitos operation, the depreciation of the Mexican Peso and the exclusion of the El Cubo operation, which suspended activities in Q4, 2019. Direct operating cost per tonne, which excludes royalties and special mining duties, was 6% lower at $101.17 per tonne compared to $107.96 per tonne in 2019. Consolidated cash costs per oz, net of by-product credits, decreased 57% to $5.55 primarily due to higher ore grades and higher a realized gold price that increased the by-product credit compared to 2019. All-in sustaining cost decreased 17% to $17.59 per oz in 2020 as a result of lower operating costs partly offset by higher corporate general and administrative costs and increased capital expenditures to accelerate mine development. General and administrative costs increased $2.7 million primarily due to a $3.5 million expense related the mark to market of deferred share units. Financial Results (Consolidated Statement of Operations Appended Below) For the year ended December 31, 2020, the Company generated net revenue totalling $138.4 million (2019 - $117.4 million). During the year, the Company sold 3,460,638 silver oz and 35,519 gold oz at realized prices of $21.60 and $1,846 per oz respectively, compared to sales of 4,054,652 oz silver and 39,151 oz gold at realized prices of $16.29 and $1,422 per oz respectively in 2019. Cost of sales for 2020 was $111.1 million, a decrease of 18% over the cost of sales of $134.8 million for 2019. The 18% decrease in cost of sales was primarily related to the 21% decrease in tonnes processed and the depreciation of the Mexican Peso while cost cutting and efficiency measures implemented during 2019 were partly offset by inefficiencies of the suspension and re-start of activities due to COVID-19 and higher royalty expense with the rising prices. Royalties increased 301% to $8.2 million due to higher realized prices and the increased mining of the high grade El Curso property at the Guanacevi operation which is subject to significantly higher royalty rates. Mine operating earnings was $27.3 million compared to a loss of $17.4 million in 2019. Excluding depreciation and depletion of $28.1million (2019 - $31.5 million), stock-based compensation of $0.3 million (2019- $0.2 million) and the inventory write off of $0.4 million (2019- $0.6 million) mine operating cash flow before taxes was $56.2 million in 2020 (2019 – $14.9 million). Operating losses before taxes was $0.8 million (2019 – loss of $43.9 million) after exploration expenditures of $9.8 million (2019 – $12.0 million), general and administrative expense of $12.7 million (2019 – $10.0 million), care and maintenance expense for the shutdown of the El Cubo mine of $3.0 million and $2.2 million in care and maintenance costs related to the temporary suspension of the Guanaceví, Bolañitos and El Compas operations due to COVID-19 in Q2, 2020. In 2020, the operating loss included impairments, net of impairment reversals, of non-current assets of $0.4 million related the value in use estimates of the Guanacevi and El Compas operations. The operating loss for 2019 included a severance expense of $4.6 million related to the suspension of operations at El Cubo at the end of 2019. There was an income tax recovery of $2.2 million in 2020 compared to an income tax expense of $4.1 million in 2019. The $2.2 million tax recovery is comprised of $3.0 million in current income tax expense (2019 - $2.7 million) and $5.2 million in deferred income tax recovery (2019- $1.4 million deferred income tax expense). The current income tax expense consists of $2.0 million of special mining duty taxes and $1.0 million of income taxes. In 2019, the Company did not pay special mining duty due the losses generated at the operations. The deferred income tax recovery of $5.2 million is primarily due recognition loss carry forwards as the future profitability of the Guanacevi operation has significantly increased with the recent increase in reserve estimates. Conference Call A conference call to discuss these results will be held today, Monday, March 1st at 10am PST (1pm EST). To participate in the conference call, please dial the numbers below. No pass-code is necessary. Toll-free in Canada and the US: 1-800-319-4610 Local Vancouver: 604-638-5340 Outside of Canada and the US: +-604-638-5340 A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass-code is 5891#. The replay will also be available on the Company’s website at www.edrsilver.com. The complete financial statements and Management’s Discussion & Analysis can be viewed on the Company’s website, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All shareholders can receive a hard copy of the Company’s complete audited financial statements free of charge upon request. To receive this material in hard copy, please contact Galina Meleger, Director Investor Relations at 604-640-4804, toll free at 1-877-685-9775 or email at email@example.com About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders. SOURCE Endeavour Silver Corp. Contact Information: Galina Meleger, Director Investor RelationsToll free: (877) 685-9775Tel: (604) 640-4804Email: firstname.lastname@example.orgWebsite: www.edrsilver.com Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn Cautionary Note Regarding Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour’s anticipated performance in 2021 including changes in mining operations and production levels, the impact of COVID-19 and the timing and results of various activities. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to changes in production and costs guidance, national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, challenges to the Company’s title to properties; the impact of COVID-19, as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. ENDEAVOUR SILVER CORP.COMPARATIVE HIGHLIGHTS Three Months Ended December 312020 HighlightsYear Ended December 3120202019% Change20202019% ChangeProduction1,117,289939,51119%Silver ounces produced3,513,7674,018,735(13%)12,5869,57831%Gold ounces produced37,13938,907(5%)1,108,848923,54020%Payable silver ounces produced3,482,0943,951,923(12%)12,3149,39731%Payable gold ounces produced36,39238,003(4%)2,124,1691,705,75125%Silver equivalent ounces produced(1)6,484,8877,131,295(9%)6.8313.63(50%)Cash costs per silver ounce(2)(3)5.5512.85(57%)14.5820.43(29%)Total production costs per ounce(2)(4)14.0120.73(32%)18.5223.20(20%)All-in sustaining costs per ounce(2)(5)17.5921.19(17%)237,389236,5310%Processed tonnes757,160954,886(21%)105.07110.64(5%)Direct operating costs per tonne(2)(6)101.17107.96(6%)129.66113.4714%Direct costs per tonne(2)(6)114.57110.094%14.8315.19(2%)Silver co-product cash costs(7)12.9714.18(9%)1,1291,312(14%)Gold co-product cash costs(7)1,1091,238(10%)Financial60.733.581%Revenue(11) ($ millions)138.4117.418%1,419,0371,050,15735%Silver ounces sold3,460,6384,054,652(15%)13,85010,80328%Gold ounces sold35,51939,151(9%)24.7617.4542%Realized silver price per ounce21.6016.2933%1,8851,50725%Realized gold price per ounce1,8461,42230%19.9(17.9)211%Net earnings (loss) ($ millions)1.2(48.1)102%20.8(3.8)649%Mine operating earnings (loss) ($ millions)27.3(17.4)257%30.24.9519%Mine operating cash flow ($ millions)(8)56.214.9277%21.6(7.9)375%Operating cash flow before working capital changes(9)28.8(8.9)424%24.3(4.8)603%Earnings before ITDA(10) ($ millions)29.4(11.1)364%70.438.483%Working capital ($ millions)70.438.483%Shareholders0.13(0.13)199%Earnings (loss) per share – basic0.01(0.36)103%0.14(0.06)250%Operating cash flow before working capital changes per share(9)0.19(0.07)600%157,536,658140,054,88512%Weighted average shares outstanding150,901,598135,367,12911% The above highlights are key measures used by management, however they should not be the sole measures used in determining the performance of the Company’s operations. The related definitions and reconciliations are contained in the Management Discussion and Analysis. ENDEAVOUR SILVER CORP.CONSOLIDATED STATEMENTS OF CASH FLOWS(expressed in thousands of U.S. dollars) Years ended December 31, December 31, 2020 2019 Operating activities Net earnings (loss) for the year $1,159 $(48,066) Items not affecting cash: Share-based compensation 3,003 3,195 Depreciation, depletion and amortization 28,863 32,050 Impairment of non-current assets, net 424 - Deferred income tax expense (recovery) (5,206) 2,358 Unrealized foreign exchange loss (gain) (1,032) (100)Finance costs 1,357 602 Write off of IVA receivable - 151 Write off of mineral properties - 45 Write down of warehouse inventory - 233 Write down of inventory to net realizable value 405 576 Loss on asset disposal 86 43 Loss (gain) on other investments (233) 19 Net changes in non-cash working capital 10,138 (684)Cash from (used in) operating activities 38,964 (9,578)Investing activities Proceeds on disposal of property, plant and equipment 190 11 Mineral property, plant and equipment expenditures (25,539) (21,519)Intangible asset expenditures - (280)Purchase of short term investments (5,497) - Proceeds from disposal of marketable securities 1,032 - Redemption of (investment in) non-current deposits - 3 Cash used in investing activities (29,814) (21,785)Financing activities Repayment of loans payable (3,229) (1,343)Repayment of lease liabilities (183) (247)Interest paid (918) (391)Public equity offerings 26,367 23,557 Exercise of options 6,910 343 Share issuance costs (1,112) (716)Deferred financing costs (294) - Cash from (used in) financing activities 27,541 21,203 Effect of exchange rate change on cash and cash equivalents 1,024 152 Increase (decrease) in cash and cash equivalents 36,691 (10,160)Cash and cash equivalents, beginning of the year 23,368 33,376 Cash and cash equivalents, end of the year $61,083 $23,368 This statement should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2020 and the related notes contained therein. ENDEAVOUR SILVER CORP.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (expressed in thousands of US dollars, except for shares and per share amounts) Years ended December 31, December 31, 2020 2019 Revenue $138,461 $117,421 Cost of sales: Direct production costs 74,101 100,482 Royalties 8,154 2,034 Share-based payments 330 195 Depreciation, depletion and amortization 28,136 31,495 Write down of inventory to net realizable value 405 576 111,126 134,782 Mine operating earnings (loss) 27,335 (17,361) Expenses: Exploration 9,756 12,001 General and administrative 12,715 9,980 Care and maintenance costs 5,233 - Impairment of non-current assets, net 424 - Severance costs - 4,589 28,128 26,570 Operating earnings (loss) (793) (43,931) Finance costs 1,357 602 Other income (expense): Write off of IVA receivable - (151)Foreign exchange (1,553) 101 Investment and other 2,649 579 1,096 529 Earnings (loss) before income taxes (1,054) (44,004)Income tax expense (recovery): Current income tax expense 2,993 2,702 Deferred income tax expense (recovery) (5,206) 1,360 (2,213) 4,062 Net earnings (loss) and comprehensive earnings (loss) for the year $1,159 $(48,066) Basic earnings (loss) per share based on net earnings $0.01 $(0.36)Diluted earnings (loss) per share based on net earnings $0.01 $(0.36) Basic weighted average number of shares outstanding 150,901,598 135,367,129 Diluted weighted average number of shares outstanding 154,039,714 135,367,129 This statement should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2020 and the related notes contained therein. ENDEAVOUR SILVER CORP.CONSOLIDATED STATEMENTS OF FINANCIAL POSITION(expressed in thousands of US dollars) December 31, December 31, 2020 2019 ASSETS Current assets Cash and cash equivalents $61,083 $23,368 Other investments 4,767 69 Accounts and other receivable 20,144 18,572 Income tax receivable 52 4,378 Inventories 16,640 13,589 Prepaid expenses 2,284 3,302 Total current assets 104,970 63,278 Non-current deposits 591 606 Deferred financing costs 294 - Non-current IVA receivable 2,676 2,048 Deferred income tax asset 12,753 7,136 Intangible assets 492 975 Right-of-use leased assets 861 1,337 Mineral properties, plant and equipment 87,955 88,333 Total assets $210,592 $163,713 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accrued liabilities $27,764 $19,775 Income taxes payable 3,038 1,947 Loans payable 3,578 2,958 Lease liabilities 173 164 Total current liabilities 34,553 24,844 Loans payable 6,094 5,917 Lease liabilities 921 1,074 Provision for reclamation and rehabilitation 8,876 8,403 Deferred income tax liability 1,077 682 Total liabilities 51,521 40,920 Shareholders' equity Common shares, unlimited shares authorized, no par value, issued and outstanding 157,924,708 shares (Dec 31, 2019 - 141,668,178 shares) 517,711 482,170 Contributed surplus 9,662 11,482 Retained earnings (deficit) (368,302) (370,859)Total shareholders' equity 159,071 122,793 Total liabilities and shareholders' equity $210,592 $163,713 This statement should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2020 and the related notes contained therein.
Phoenix, AZ, March 01, 2021 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) IHT CLEAN ENERGY DIVERSIFICATION PROGRESS InnSuites Hospitality Trust (IHT) reported fiscal 2021 second quarter revenues of approximately $1 million for the three months May 1, 2020 to July 31, 2020 compared to revenues of approximately $1.54 million for the same prior year period. Basic earnings per share for the three months ended July 31, 2020 was ($0.14) compared with ($0.05) for the three months ended July 31, 2019. This decline was largely attributable to the negative impact of the Covid-19 virus pandemic. In 2019, InnSuites Hospitality Trust (IHT) made an initial $1 million bond diversification investment convertible into 1 million shares of privately held UniGen Power, Inc. (UPI), a company developing a patented high profit potential new efficient clean energy generation innovation. In addition to the initial investment which could be converted into 1 million UPI shares, IHT also holds 2 Million warrants convertible into an additional 2 million UPI shares, which could result in IHT holding an approximate 25% ownership in UPI in the future. IHT is informed that UPI has made positive progress to date on development of this innovation, with the first Prototype scheduled to be operational on or before June 30, 2021. James Wirth, President /CEO /chairman of IHT cautioned of the challenges of any new innovation but indicated confidence in the technical team based in Detroit and in the encouraging progress over the last 14 months despite the Covid-19 pandemic. Hospitality industry results for IHT for the second fiscal quarter of Fiscal 2021, reflected the continued economic and travel industry slowdown caused by the Virus and various travel and lockdown restrictions. The sense of IHT Management, according to James Wirth President, CEO, and Board Chairman, is that the IHT stock is trading below its true underlying value based on IHT stock being closely held, the company capitalization being small, recent substantial profits coming from asset sales well above low book value, as well as IHT continuing assets held at low book values believed to have substantially higher market value, indicating substantial future profit potential. The Trust strategy of pursuing the highly promising UniGen diversification, and/or a larger reverse merger partner seeking a NYSE American listing is progressing. For more information, visit www.innsuitestrust.com. Forward-Looking Statements With the exception of historical information, the matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. All statements regarding IHT’s review and exploration of potential strategic, operational and structural alternatives and expected associated costs and benefits are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause IHT’s actual results and future actions to differ materially from those described in forward-looking statements include the uncertain outcome, impact, effects and results of IHT’s review of strategic, operational and structural alternatives, IHT’s success in finding potential qualified purchasers for its hospitality real estate, or a reverse merger partner, and other risks discussed in IHT’s SEC filings. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law. FOR FURTHER INFORMATION:Marc Berg, Executive Vice President 602-944-1500 email: email@example.com INNSUITES HOTEL CENTRE1730 E. NORTHERN AVENUE, #122Phoenix, Arizona 85020Phone: 602-944-1500
Futures rose solidly. The stock market rally faces a big test after heavy losses last week. Here's what investors should be doing now.
The soap actor says her storyline took its toll on her life.
The "Future of User Interfaces Shaping New Consumer Experiences" report has been added to ResearchAndMarkets.com's offering.
The enterprise key management market was valued at USD 1451. 13 million in 2020 and is expected to reach USD 5456. 4 million by 2026, at a CAGR of 20. 7% over the forecast period 2021 - 2026. Enterprise Key Management incorporates a centralized management tool to secure cryptographic keys that encrypt sensitive data across an organization’s distributed IT environments.New York, March 01, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Enterprise Key Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" - https://www.reportlinker.com/p06028502/?utm_source=GNW Data security strategy is influenced by the growth of data within the business, growing privacy regulations, risk of data violations breaches and hacking, as well as for deciding which data to protect and at what cost. Guarding data demands a strategy with a reliable infrastructure and in-built security. The more prevalent use of data protection mechanisms in today’s enterprises has posed significant implications and its associated complexity and cost.- With a constant influx of enterprises joining the digitization trend globally, vast amounts of data is being created, stored, processed and communicated. At the same time, IT infrastructure is increasingly open and connected, making data more accessible and thus vulnerable to theft. Cryptography is one of the fundamental tools that organizations can use to protect sensitive data wherever it resides. To address increasing data security requirements, organizations need to step up their key management capabilities accordingly.- Hybrid cloud and data center infrastructures are the new norms for many businesses. According to the Thales 2018 Global Threat Report, 84% of organizations globally are using more than one IaaS vendor and 34% use over 50 SaaS applications. In addition, a plethora of endpoint devices is connecting to corporate networks, with increasing adoption of BYOD and the internet of things.- The increasing adoption of cloud-based deployment and a growing number of data breaches, coupled with the rising regulatory and compliance enforcements to protect sensitive data, are presumed to bolster the growth of the enterprise key management market. A rise in the number of internet users and the rapid adoption of digital services has led to an exponential rise in the volume of sensitive data collected by organizations. This is further presumed to accelerate the adoption of encryption solutions.- The growing investments in cloud-based services and hardware security modules to promote encryption key management and data protection are supposed to further expedite market growth. However, issues concerning to shortage of skilled workforce, replacement costs of the existing IT infrastructure, and complexity of using enterprise key management solutions may limit the market growth.Key Market TrendsEncryption Key Management Critical in BFSI Sector- The financial services industry operates in high stakes and extremely complex environments. Data security is always top of mind, and the digital transformation seen within it is making control and management increasingly more difficult. The payment ecosystem is undergoing extensive disruption.- Financial giants, credit card companies, payment processors and banks have controlled payments ecosystem for decades, but this commanding behavior will cease to exist with innovations in FinTech, virtual banks, mobile payments, and blockchain. Customer data privacy and regulatory changes, including GDPR and PSD2, will impact the industry in unprecedented ways, which would further drive enterprise key management.- Online banking and mobile payment market are increasing; both Fintech and established players are setting the speed in innovation, redefining management, and their own business models. To remain competitive, actors in the banking and financial services industry are looking to their vendors to help them fight and comply. Security module and data protection will persist as the backbone of the non-cash payment business. Cryptography is the only proven technology that delivers protection on a notably high level, and HSMs are the gatekeepers of trust for cryptography. As the root of assurance, they securely lock highly-sensitive key material, process transactions as well as generate, issue, and verify identities and payment cards.North American is Expected to Have Highest Market Share- North America is anticipated to maintain the most comprehensive market share over the forecast period, owing to the presence of globally notable enterprise key management markets players, such as IBM, Oracle, and Hewlett Packard, among others which promote the adoption.- Additionally, the cyber threats trigger the local demand for enterprise key management solutions. The U.S. and Canada are expected to maintain significant market shares in this region. In 2018, nearly 1244 million data breaches were encountered in the U.S. alone, according to the data from Identity Theft Resource Center.- The growing penetration rate of digital services and rapidly expanding IT infrastructure are expected to further drive the market expansion in the future years. In addition to that, the BFSI sector is likely to play an important role in driving this market in the future.- The dominance can also be attributed to well-developed IT infrastructure and the rising adoption of cloud services. In addition, rising merger and acquisition activities among regional and international players are supposed to further support the growth of the market in this region to a certain extent.Competitive LandscapeEnterprise Key Management Market is a fragmented market, however is dominated by players including Gemalto(Thales) among other cloud service providers - Microsoft, Google and AWS. These companies are leveraging strategic collaborative initiatives to enhance their offerings and to increase their market share and increase their profitability.- March 2019 - Gemalto, announced that Identify3D, the most advanced security solution for digital manufacturing supply chains, has deployed Gemalto’s SafeNet Data Protection On Demand to ensure the security of its customers’ intellectual property and quality of their digital manufacturing services in the cloud.- March 2019 - Slack technologies, a provider of Workplace collaboration platform launched Enterprise Key Management(EKM) for its security-conscious customers on Enterprise Grid, a solution which provides centralized administrative controls and security integrations. With the addition of EKM, the Slack platform is positioned to be suitable for businesses operating in industries such as finance and healthcare, which are highly regulated.- August 2019 - Cryptsoft, a key management technology provider added Hitachi, Ltd. as its Enterprise Customer. This engagement enables Hitachi to deploy the latest version of Cryptsoft’s standards-based KMIP (Key Management interoperability Protocol) across the entire a wide range of Hitachi data storage products.Reasons to Purchase this report:- The market estimate (ME) sheet in Excel format- 3 months of analyst supportRead the full report: https://www.reportlinker.com/p06028502/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
Mar. 1—A decision last week by the Delaware River Basin Commission would ban fracking through the Delaware River watershed, including Berks County. There had been a temporary moratorium instituted in 2010, but that was recently challenged in court. The ban is also likely to face legal challenges. Also last week, the commission voted unanimously to develop regulations for the management of ...
A white board in the David Ellis Academy gymnasium is stuck on the wall. It details the planned activities for physical education classes on March 12, 2020 — the last day Ronda Brodsky taught physical education and health to students at the pre-K through eighth grade public charter school in Detroit. Like countless educators during the pandemic, Brodsky has had to make the adjustment to instructing her students virtually.
U.S. Vice President Kamala Harris is favourite to win the next presidential election with 22% implied probability, ahead of both Joe Biden and Donald Trump, according to betting odds from British bookmaker Ladbrokes. Harris is favourite to be next president, with 22.2% implied probability, while President Biden has 20% chance and former President Trump has 14.3% probability, Ladbrokes odds indicated.
Olin Corporation (NYSE: OLN) announced today the execution of an Amendment ("the Third Amendment") to its existing Credit Agreement, which increased the term loan facility by $315 million, with a delayed-draw feature, and lowered the pricing tiers for borrowings under the Credit Agreement.
Dublin, March 01, 2021 (GLOBE NEWSWIRE) -- The "Cannabis Testing Services Market Share, Size, Trends, Industry Analysis Report, By Service Type; By End-Use; By Regions; Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. The global cannabis testing service market expected to reach US$ 3.4 billion by 2027The Cannabis Testing Service Market report gives a detailed insight into current market dynamics and provides analysis on future market growth.With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.Segment Highlights The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.Based on end-use, the cannabis cultivators/growers' segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth List of Key Players Shimadzu CorporationAgilent TechnologiesPerkinElmer, Inc.Waters CorporationCannaSys, Inc.PharmLabs, LLCSaskatchewan Research Council (SRC)Eurofins ScientificCW ANALYTICALGreenLeaf LabPraxis LaboratorySGS Canada Inc. Key Topics Covered: 1. Introduction2. Executive Summary3. Research Methodology4. Cannabis Testing Services Market Insights4.1. Cannabis Testing Services - Industry snapshot4.2. Cannabis Testing Services Market Dynamics4.2.1. Drivers and Opportunities126.96.36.199. Favorable legislations188.8.131.52. Increasing usage for medical purposes4.2.2. Restraints and Challenges184.108.40.206. Adulteration and abuse4.3. Porter's Five Forces Analysis4.4. PESTLE Analysis4.5. Cannabis Testing Services Market Industry trends5. Cannabis Testing Services Market Assessment by Service Type5.1. Key Findings5.2. Introduction5.2.1. Global Cannabis Testing Services Market, By Service Type, 2016-2027 (USD Million)5.3. Potency Testing5.4. Terpene Profiling5.5. Heavy Metal Testing5.6. Pesticide Screening5.7. Microscopy Testing5.8. Residual Solvent Screening6. Global Cannabis Testing Services Market, by End Use6.1. Key Findings6.2. Introduction6.2.1. Global Cannabis Testing Services Market, By End Use, 2016-2027 (USD Million)6.3. Drug Manufacturers6.4. Cultivators/Growers6.5. Research Institutes & Labs7. Cannabis Testing Services Market Assessment by Geography7.1. Key findings7.2. Introduction7.2.1. Cannabis Testing Services Market Assessment, By Geography, 2016-2027 (USD Million)8. Competitive Landscape8.1. Expansion and Acquisition Analysis8.1.1. Expansion8.1.2. Acquisition8.2. Partnerships/Collaborations/Agreements/Exhibitions9. Company Profiles Shimadzu CorporationAgilent TechnologiesPerkinElmer Inc.Millipore SigmaAB Sciex LLC (a Danaher Company)Restek CorporationThermo Fisher Scientific Inc.Waters CorporationFritsch MillingAccelerated Technology LaboratoriesCannaSys Inc.PharmLabs LLCGuardian Data Systems Inc.Lab Lynx Inc.Steep Hill Halent LaboratoriesDigiPath Inc.SC LaboratoriesCannaSafe AnalyticsCW Analytical Laboratories For more information about this report visit https://www.researchandmarkets.com/r/3iswd5 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Mar. 1—The Pennsylvania Game Commission has selected its Berks County Habitat Management Crew to receive the John M. Phillips Habitat Management Award for Excellence for its work in the state game lands near Blue Marsh Lake. The area, known as State Game Lands 280, is made up of 2,552 acres. Thousands of acres there have been converted from row crop agricultural lands to native grasslands, ...
Olivier Giroud was trusted to lead the line against United.
Teachers are not at a higher risk of infection in their jobs than people in other professions, data released by Britain's Office for National Statistics said on Monday, ahead of a planned reopening of schools in England next week. Prime Minister Boris Johnson has prioritised the reopening of schools as he plots a route out of England's third national lockdown. Britain's Office for National Statistics found no statistical evidence of a difference between school staff testing positive for coronavirus antibodies compared with the wider working-age population in the same local authorities.
ORLANDO, Fla. (AP) _ Xenia Hotels & Resorts Inc. (XHR) on Monday reported a loss in a key measure in its fourth quarter. The real estate investment trust, based in Orlando, Florida, said it had a funds from operations loss of $27.8 million, or 24 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for a funds from operations loss of 28 cents per share.