Brief: Euro Ressources Q4 Revenue Down At 3.0 Million Euros

Euro Ressources SA

19/02/2021 09:36

Feb 19 (Reuters) - EURO RESSOURCES SA  EURR.PA :
    * EURO RESSOURCES REPORTED ON THURSDAY EARNINGS FOR THE YEAR
ENDED
DECEMBER 31, 2020
    * Q4 EARNINGS PER SHARE EUR 0.044
    * Q4 REVENUE EUR 3.0 MILLION VERSUS EUR 6.0 MILLION YEAR AGO
    * FY NET PROFIT 14 MLN EUR VS 16 MLN EUR YEAR AGO
    * OPERATING EXPENSES IN 2020 WERE €0.7 MILLION COMPARED TO
€0.6
MILLION IN 2019
    * EURO’S CASH FLOW IS EXPECTED TO BE PRIMARILY AFFECTED BY
INCOME
TAX PAYMENTS
    * ON COVID: WORKFORCE RECALL WAS EXPANDED WITH ROSEBEL
OPERATING
AT 75% OF MINING CAPACITY BY THE END OF THE FOURTH QUARTER 2020
    * TO ACCOMMODATE FULL WORKFORCE UNDER COVID-19 PROTOCOLS,
PROJECT
IS UNDERWAY THAT IS EXPECTED TO ADD AN ADDITIONAL 300 BEDS BY
SECOND QUARTER 2021
    * MILL WAS OPERATING AT ITS NORMAL RATE BY END OF JULY WITH
ORE
SOURCED MAINLY FROM STOCKPILES
    * MINE DIRECT FEED IS PLANNED TO INCREASE WITH THE AUGMENTED
MANPOWER ON SITE BY THE SECOND QUARTER 2021


Source text: https://bit.ly/2M8idxA
Further company coverage:  EURR.PA 

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