Last C$0.04 CAD
Change Today -0.005 / -12.50%
Volume 1.5M
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As of 12:57 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

ivernia inc (IVW) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
01/22/14 - C$0.17
52 Week Low
12/23/14 - C$0.04
Market Cap
28.0M
Average Volume 10 Days
1.4M
EPS TTM
C$-0.02
Shares Outstanding
801.2M
EX-Date
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P/E TM
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ivernia inc (IVW) Details

Ivernia Inc., a base metal mining company, is engaged in the mining, exploration, and development of base metal properties. It mines, processes, and transports primarily lead carbonate. The company principally holds a 100% interest in the Paroo Station lead mine, which is located in the East Murchison Mineral Field in Western Australia. It serves primary and secondary smelters in China, Europe, and North America. The company was founded in 2000 and is headquartered in Toronto, Canada. Ivernia Inc. is a subsidiary of Enirgi Group Corporation.

120 Employees
Last Reported Date: 03/24/14
Founded in 2000

ivernia inc (IVW) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$300.0K
Executive Vice President of Operations
Total Annual Compensation: C$229.4K
General Manager of Rosslyn Hill Mining
Total Annual Compensation: C$372.4K
General Manager of Risk Management and Compli...
Total Annual Compensation: C$334.9K
Compensation as of Fiscal Year 2013.

ivernia inc (IVW) Key Developments

Ivernia Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Year 2014

Ivernia Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of USD 37,077,000 compared with USD 37,194,000 for the same period last year. Cash flow used in operating activities was USD 9,991,000 compared with cash flow provided by operating activities of USD 2,738,000 for the same period last year. Net loss was USD 3,932,000 compared with net income of USD 485,000 for the same period last year. Net cash used in investing activities included expenditure was USD 0.7 million against USD 1.5 million a year ago, on capital projects including the switch from using diesel to natural gas at the power station and improvements made to the Tailings Storage Facility. The net loss for the third quarter of 2014 was primarily due to sales being constrained by the suspension of shipments of lead concentrate and a decline in the LME lead price during the later part of the quarter. For the nine months, the company reported revenue of USD 111,182,000 compared with USD 59,247,000 for the same period last year. Cash flow used in operating activities was USD 3,957,000 compared with USD 6,323,000 for the same period last year. Net loss was USD 4,468,000 or USD 0.01 basic and diluted per share compared with USD 34,470,000 or USD 0.05 basic and diluted per share for the same period last year. Net cash used in investing activities included expenditure was USD 1.6 million against USD 11.0 million a year ago. For the quarter, the company reported ore milled of 350,800 tones against 331,000 tones a year ago. Concentrate produced was 29,900 tones against 26,000 tones a year ago. Lead metal in concentrate produced was 20,400 tones against 17,000 tones a year ago. Ore mined was 347,400 tones against 350,000 tones a year ago. For the nine months, the company reported ore milled of 1,008,600 tones against 491,000 tones a year ago. Concentrate produced was 88,200 tones against 41,000 tones a year ago. Lead metal in concentrate produced was 59,100 tones against 26,000 tones a year ago. Ore mined was 1,218,000 tones against 521,000 tones a year ago. Despite transportation disruptions during the quarter, the company’s production and sales rates remain in line with the 2014 Guidance. The full year guidance of expected production and sales of between 80,000 tones to 85,000 tones of lead contained in concentrate unchanged.

Ivernia Inc. to Report Q3, 2014 Results on Oct 28, 2014

Ivernia Inc. announced that they will report Q3, 2014 results After-Market on Oct 28, 2014

Ivernia Inc. Provides Sales Guidance for the Third Quarter of 2014

Ivernia Inc. provided sales guidance for the third quarter of 2014. Management now expects sales and revenues to be lower than budgeted in the third quarter as a result of a bridge closure near the Port of Fremantle which forms part of the company's rail transport route for the sale of concentrate. With sales orders remaining strong, management anticipates making up lost sales in the fourth quarter and meeting the 2014 annual production and sales targets.

 

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