- Free cash flows expected imminently
- Q3 performance expected to support a strong Q4 and year-end exit rate that should drive robust 2018 performance
TORONTO, Oct. 16, 2017 (GLOBE NEWSWIRE) — Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) announces milled production at the El Mochito mine increased to 176,067 tonnes (or 1,934 tpd) during the third quarter (“Q3 2017”) representing a 17% improvement over the second quarter (“Q2 2017”). With additional new equipment arriving during Q4 2017, management is confident in achieving its targeted Q4 2017 average throughput rate of 2,200 tpd leading to further increased production in 2018.
With the continuous operational improvements implemented since the acquisition of the mine just nine months ago, the Company now believes El Mochito is well positioned to generate robust operating results and free cash flow in Q4 2017 and for the foreseeable future.
During Q3 2017, contained zinc equivalent metal production was 7,936 tonnes, up 14% from Q2 2017.
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