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Last C$0.74 CAD
Change Today -0.06 / -7.50%
Volume 46.2K
ABM On Other Exchanges
Symbol
Exchange
Venture
OTC US
Stuttgart
As of 3:45 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

athabasca minerals inc (ABM) Snapshot

Open
C$0.78
Previous Close
C$0.80
Day High
C$0.80
Day Low
C$0.74
52 Week High
07/3/14 - C$3.20
52 Week Low
01/15/15 - C$0.64
Market Cap
24.6M
Average Volume 10 Days
57.0K
EPS TTM
C$-0.0090
Shares Outstanding
33.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ATHABASCA MINERALS INC (ABM)

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athabasca minerals inc (ABM) Details

Athabasca Minerals Inc., a mineral exploration and management company, is engaged in the acquisition, exploration, and development of aggregates and industrial minerals in north-eastern Alberta, Canada. It primarily explores for various industrial raw materials, such as sand, gravel, silica sand, salt, and limestone. The company has interests in sand and gravel pits, including the Susan Lake and Poplar Creek gravel pits, as well as Kearl, Logan, House River, Pelican Hill, and Warrensville pits located in northwestern Alberta. It also holds interest in the Alberta Metallic and Industrial Minerals permits, which cover an area of 322,840 hectares and is located in the Fort McMurray region, northeast Alberta; and 15 Alberta Metallic and Industrial Minerals leases that covers an area of 21,579.5 hectares of land and is located in the Fort McMurray region, Alberta. Athabasca Minerals Inc. is headquartered in Edmonton, Canada.

athabasca minerals inc (ABM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2013.

athabasca minerals inc (ABM) Key Developments

Athabasca Minerals Inc. Reports Earnings Results for the Fourth Quarter and Thirteen Months Ended December 31, 2014; Reports Operational Results for the Year Ended December 31, 2014; Provides Sales and Capital Expenditure Guidance for the Year 2015

Athabasca Minerals Inc. reported earnings results for the fourth quarter and thirteen months ended December 31, 2014. For the quarter, the company reported total revenue of CAD 9,679,000 compared to CAD 6,643,000 for the same period a year ago. Net income and comprehensive income was CAD 12,000 or CAD 0.000 per share compared to CAD 390,000 or CAD 0.014 per share for the same period a year ago. Basic cash flow per share was CAD 0.064 compared to CAD 0.070 for the same period a year ago. For the thirteen months, the company reported total revenue of CAD 26,332,000, net loss and comprehensive loss of CAD 831,000 or CAD 0.026 per share against total revenue of CAD 25,364,000, net income and comprehensive income of CAD 1,922,000 or CAD 0.068 per share for the twelve months ended November 30, 2013. Net loss during fiscal 2014 decreased to CAD 0.83 million from a net income of CAD 1.92 million in the prior year, a reduction of CAD 2.75 million. There were four primary contributing factors: a CAD 1.71 million reduction in aggregate management fees resulting from a 1.8 million (or 20%) reduction in aggregate tonnes sold from Susan Lake; higher operating costs in the first half of 2014; higher share-based mpensation expense of CAD 0.86 million due to the non-cash expense booked on the options issued in 2014; and higher G&A costs due primarily to potential acquisition due diligence, and additional expenses related to the development and analysis of the Firebag Project. EBITDA for 2014 improved significantly as the year progressed due to improved sales volumes and improved production costs. Annual EBITDA was CAD 3.5 million consisted of CAD 5.1 million from June to December 2014 as compared to LBITDA of CAD 1.6 million from December 2013 to May 2014. For the year, the company reported Susan Lake sales volumes in 2014 of 7.5 million tonnes were 20% lower than 2013. Demand levels were impacted by poor weather in the first half of the year and the impact of dropping oil prices in the last quarter of the year. Athabasca managed to increase aggregate sales volumes slightly from the Corporate owned pits in 2014 to 571,000 tonnes. The company provided sales guidance for the year 2015. The company expects sales at the Corporate pits to be 0.5 million tonnes. The company expects capital spending in 2015 for the existing gravel operations to be lower than previous years as the existing infrastructure allows management to meet the forecasted product demands. With the uncertainty in the region due to the drop in oil prices, sales from Susan Lake in 2015 have been forecasted for 6.5 million tonnes.

Athabasca Minerals Receives Positive Frac Sand Test Results

Athabasca Minerals Inc. announced that it has received additional test results from its Firebag Project silica sand after attrition scrubbing. Attrition scrubbing, a beneficiation process that occurs in the wash plant, removes impurities such as carbonates, silts and clay particles, ensuring a more consistent higher quality product. Attrition scrubbing, simulating actual plant processing, was performed by FL Smidth and Co. Following the attrition scrubbing, the samples were sent to Stim-Lab Inc. of Duncan, Oklahoma for further testing.

Athabasca Minerals Inc. Appoints William Woods as Chief Financial Officer

Athabasca Minerals Inc. announced that Mr. William Woods, CMA, has been appointed to the position of Chief Financial Officer. Mr. Woods has senior management and executive level experience in the North American mining, biotech, telecommunications and service industries. Mr. Woods has over 18 years of experience as a Chief Financial Officer, Vice-President of Finance, Controller and Administration Superintendent.

 

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