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Opta Minerals Inc. Reports Third Quarter Results for Fiscal 2012
Published : November 07, 2012
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WATERDOWN, ONTARIO--(Marketwire - Nov. 7, 2012) - Opta Minerals Inc. (News - Market indicators), today announced results for the three and nine months ended September 30, 2012. All figures are reported in U.S. dollars and are in accordance with International Financial Reporting Standards (IFRS), except where otherwise noted.

Financial Highlights (presented in $000s USD except per share amounts):

  3 months   3 months           9 months   9 months          
  ended   ended           ended   ended          
  September 30,   September 30,   Increase       September 30,   September 30,   Increase      
  2012   2011   (Decrease)   %   2012   2011   (Decrease)   %  
   
Revenue $32,980   $24,102   $8,878   36.8 % $92,526   $70,495   $22,031   31.3 %
Gross Profit 6,996   5,179   1,817   35.1 % 20,113   15,833   4,280   27.0 %
  21.2 % 21.5 % (0.3 %)     21.7 % 22.5 % (0.8 %)    
EBITDA1 4,543   2,569   1,974   76.8 % 11,594   9,121   2,473   27.1 %
EBIT2 3,084   1,519   1,565   103.0 % 7,459   6,006   1,453   24.2 %
Net Earnings 1,450   628   822   130.9 % 4,282   3,086   1,196   38.8 %
EPS $0.08   $0.03   $0.05       $0.23   $0.17   $0.06      
1 EBITDA is a non-IFRS measure; refer to Footnotes.
2 EBIT is a non-IFRS measure; refer to Footnotes.

David Kruse, President and CEO of Opta Minerals, noted "During the third quarter, Opta Minerals experienced solid revenue growth over the comparable period in 2011. Solid earnings in the steel sector were marginally offset by results in the industrial minerals sector. We recently acquired 94% of the shares of WGI Heavy Minerals, Incorporated (WGI) and intend to acquire the remaining shares under compulsory acquisition provisions. This will conclude our third acquisition in twelve months consistent with our strategic plan to build the organization through a combination of internal growth and acquisitions. We will continue to focus our efforts on integrating these new businesses, generating cash flow, and paying down debt. We are optimistic that our business is well positioned to address changes in the economic environment."

Operational Highlights:

  • Net earnings for the third quarter increased 130.9% over the comparable quarter in 2011 and 38.8% on a year over year basis. These increases were attributable to the successful integration of Babco Industrial Corp. (Babco) in the first quarter, the recognition of deferred income tax assets from previously unrecognized non-capital loss carry forwards in the second quarter and revenue growth in the steel and abrasives segments.

  • Revenue in the Mill and Foundry Products and Services (steel) segment increased 32.2% over the comparable quarter in 2011 due largely to the demand for lime blends, metallic magnesium, chromite, and the acquisition of Babco during the first quarter which added petroleum coke to the product portfolio. Revenue in the Abrasive Products Manufacturing and Distribution (abrasives) segment increased 48.5% over the comparable quarter in 2011 due to an increase in demand for metallurgical slags and the acquisition of WGI which contributed to garnet sales. For the nine months ended September 30, the revenue increases represented 37.6% and 14.7%, respectively, for the same segments.

  • Gross profit increased quarter over quarter and year over year. Gross profit as a percentage of revenue declined slightly due to some weakness in the abrasives segment and product mix.

  • Selling, general and administrative expenses (SGA) were reduced to 12.5% of revenue for the third quarter of 2012 from 14.0% for the comparable quarter in 2011. On a year over year basis, SGA were reduced to 13.6% of revenue in 2012 from 14.3% of revenue in 2011. The Company achieved SGA reductions in light of a significant bad debt in the second quarter from the bankruptcy filing of a large American steel producer and customer in the amount of $0.9 million and costs of acquisitions approximating $0.6 million.

  • The foreign exchange gain was $0.2 million for the quarter as compared to a foreign exchange loss of $0.3 million for the same quarter in 2011. The results reflect a year-over-year foreign exchange loss of $0.3 million due to the weakness of the Euro.

  • For the three months ended September 30, 2012, cash flow from operating activities before changes in working capital generated $3.1 million versus $1.9 million in the third quarter of 2011. On a year over year basis, cash flow from continuing operations before changes in working capital generated $7.4 million versus $6.3 million. The positive cash flow was used to finance working capital and repay debt.

  • On July 13, 2012, the Company tendered an offer to acquire all of the outstanding shares of WGI for Cdn $0.60 in cash per share by way of a take-over bid. On August 29, 2012, the Company acquired 94% of the outstanding shares of WGI for Cdn $0.60 cash per share and intends to exercise its rights under compulsory acquisition provisions to purchase the shares not tendered. The purchase price amounted to $15.0 million and was funded by bank term debt. The amount payable to acquire the remaining interest of $0.9 million has been recognized as a financial liability.

  • The Company's working capital at September 30, 2012 amounted to $25.6 million and total assets were $139.5 million, as compared to $14.7 million and $92.4 million respectively at December 31, 2011.

  • The debt-to-equity ratio at September 30, 2012 was 1.27 to 1.00, versus 0.65 to 1.00 at December 31, 2011. The increased debt-to-equity ratio results from the acquisitions of Babco and WGI during the first and third quarters, financed by bank term debt.

Opta Minerals is a vertically integrated provider of custom process solutions and industrial mineral products used primarily in the steel, foundry, loose abrasive cleaning, water-jet cutting and municipal water filtration industries. The Company has production and distribution facilities in Ontario, Quebec, Saskatchewan, Louisiana, South Carolina, Virginia, Maryland, Indiana, Michigan, New York, Texas, Florida, Ohio, Idaho, France, Slovakia and Germany. Opta has one of the broadest product lines in the industry.

FOOTNOTES:

Earnings before income taxes and interest ("EBIT"); and earnings before interest, income taxes, depreciation and amortization ("EBITDA") as defined below, are both non-IFRS earnings measures that do not have standardized measures prescribed by IFRS, and therefore may not be comparable to similar measures presented by other publicly traded companies.

  For the three For the nine
  Months Ended Months Ended
  September 30 September 30
  2012 2011 2012 2011
  $ $ $ $
         
Net Earnings for the Period 1,450 628 4,282 3,086
Finance Expense 757 423 2,176 1,244
Income Taxes 877 468 1,001 1,676
Depreciation and Amortization 1,459 1,050 4,135 3,115
         
EBITDA1 4,543 2,569 11,594 9,121
Subtract:        
Depreciation and Amortization 1,459 1,050 4,135 3,115
         
EBIT2 3,084 1,519 7,459 6,006
         
Notes
 
1 The term "EBITDA" refers to earnings before deducting interest expense, provision for income taxes, depreciation and amortization. The Company believes that EBITDA is useful supplemental information as it provides an indication of the results generated by the Company's main business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation. EBITDA is not a recognized measure under International Finance Reporting Standards (IFRS), and accordingly, investors are cautioned that EBITDA should not be construed as an alternative to net earnings or loss determined in accordance with IFRS as an indicator of the financial performance of the Company or as a measure of the Company's liquidity and cash flows. The Company's method of calculating EBITDA may differ from other issuers and accordingly, EBITDA may not be comparable to similar measures presented by other issuers.
   
2 The term "EBIT" refers to earnings before income taxes and interest expense. The Company believes that EBIT is useful supplemental information as it provides an indication of the results generated by the Company's main business activities prior to taking into consideration how those activities are financed or taxed. EBIT is a non-IFRS earnings measure that does not have standardized measures prescribed by IFRS, and therefore may not be comparable to similar measures presented by other publicly traded companies.

This press release may contain "forward-looking statements" which reflect the current expectations of management of the Company regarding the Company's future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "may", 'would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavour", "seek", "predict", "potential" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management of the Company. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other risks identified in the "Risk Factors" section of the Company's Annual Information Form and other public filings (copies of which may be obtained at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully and reader should not place undue reliance on the forward-looking statements. Although any forward-looking statements contained in this press release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure readers that actual results, performance or achievements will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release and, other than as required by law, the Company does not intend, and does not assume any obligation, to update or revise these forward- looking statements, whether as a result of new information, future events or otherwise.

Opta Minerals Inc.  
Interim Condensed Consolidated Balance Sheets  
As At September 30, 2012  
(Unaudited)  
Expressed in Thousands of US Dollars (except per share amounts and number of shares)  
   
  September 30,   December 31,  
  2012   2011  
  (Unaudited)   (Audited)  
Assets            
Current            
  Cash and cash equivalents $ 2,093   $ 698  
  Trade and other receivables   22,365     12,515  
  Inventories   29,332     21,589  
    53,790     34,802  
Property, Plant and Equipment   29,461     19,848  
Intangible Assets   35,525     27,319  
Goodwill   14,198     6,680  
Deferred Income Tax Assets   6,532     3,793  
  $ 139,506   $ 92,442  
Liabilities            
Current            
  Trade and other payables   12,719     7,123  
  Borrowings   13,477     11,026  
  Derivative financial instrument   -     256  
  Provisions   610     1,015  
  Other liabilities   662     444  
  Income taxes payable   723     168  
  Preference shares   47     46  
    28,238     20,078  
Borrowings   46,343     16,526  
Derivative Financial Instrument   497     -  
Other Liabilities   1,916     1,481  
Deferred Income Tax Liabilities   4,634     3,192  
Deferred Income Tax Liability on Intangible Assets   10,852     8,650  
    92,480     49,927  
Equity Attributable to the Shareholders of the Company            
Capital Stock            
  Authorized without limit as to number -            
  Preference shares (without par value)            
  common shares            
  Issued - 18,079,617 common shares (December 31, 2011 - 18,061,784)   17,717     17,680  
Contributed Surplus   3,898     3,429  
Accumulated Other Comprehensive Loss   (2,412 )   (2,135 )
Retained Earnings   27,823     23,541  
Total Equity   47,026     42,515  
  $ 139,506   $ 92,442  
 
 
Opta Minerals Inc.
Interim Condensed Consolidated Statements of Income
For the Three Months Ended September 30, 2012 and 2011
(Unaudited)
Expressed in Thousands of US Dollars (except per share amounts)
 
  September 30,   September 30,
    2012     2011
           
Revenue $ 32,980   $ 24,102
Cost of Goods Sold   25,984     18,923
Gross Profit   6,996     5,179
           
Expenses          
  Selling, general and administrative   4,136     3,365
  Other expense (income)   (224 )   295
    3,912     3,660
Operating Profit   3,084     1,519
Finance expense   757     423
Profit Before Income Taxes   2,327     1,096
Income taxes   877     468
Profit for the Period Attributable to the Shareholders of the Company $ 1,450   $ 628
Earnings per share for the period - basic and diluted   0.08     0.03
   
   
Opta Minerals Inc.  
Interim Condensed Consolidated Statements of Income  
For the Nine Months Ended September 30, 2012 and 2011  
(Unaudited)  
Expressed in Thousands of US Dollars (except per share amounts)  
   
  September 30,   September 30,  
    2012     2011  
   
Revenue $ 92,526   $ 70,495  
Cost of Goods Sold   72,413     54,662  
Gross Profit   20,113     15,833  
             
Expenses            
  Selling, general and administrative   12,616     10,106  
  Other expense (income)   38     (279 )
    12,654     9,827  
Operating Profit   7,459     6,006  
Finance expense   2,176     1,244  
Profit Before Income Taxes   5,283     4,762  
Income taxes   1,001     1,676  
Profit for the Period Attributable to the Shareholders of the Company $ 4,282   $ 3,086  
Earnings per share for the period - basic and diluted   0.23     0.17  
   
   
Opta Minerals Inc.  
Interim Condensed Consolidated Statements of Comprehensive Income  
For the Three Months Ended September 30, 2012 and 2011  
(Unaudited)  
Expressed in Thousands of US Dollars  
   
  September 30,   September 30,  
    2012     2011  
   
Profit for the Period Attributable to the Shareholders of the Company $ 1,450   $ 628  
             
Other Comprehensive Income            
             
  Unrealized (loss) gain on translation of foreign operations   106     (243 )
  Unrealized (loss) gain on derivative financial instruments   (2 )   86  
Other comprehensive (loss) income, net of tax   104     (157 )
Comprehensive Income Attributable to the Shareholders of the Company $ 1,554   $ 471  
 
 
Opta Minerals Inc.
Interim Condensed Consolidated Statements of Comprehensive Income
For the Nine Months Ended September 30, 2012 and 2011
(Unaudited)
Expressed in Thousands of US Dollars
 
  September 30,   September 30,
    2012     2011
 
Profit for the Period Attributable to the Shareholders of the Company $ 4,282   $ 3,086
           
Other Comprehensive Income          
           
  Unrealized (loss) gain on translation of foreign operations   (102 )   292
  Unrealized (loss) gain on derivative financial instruments   (175 )   264
  Other comprehensive (loss) income, net of tax   (277 )   556
Comprehensive Income Attributable to the Shareholders of the Company $ 4,005   $ 3,642
 
 
Opta Minerals Inc.
Interim Condensed Consolidated Statements of Changes in Equity
For the Nine Months Ended September 30, 2012 and 2011
(Unaudited)
Expressed in Thousands of US Dollars
   
                    AOCI* -            
        Contributed         Foreign            
  Number of     Surplus -   AOCI* -     Currency            
  Shares -   Capital Share-based   Cash Flow     Translation   Retained   Total  
  Capital Stock   Stock Payments   Hedge     Reserve   Earnings   Equity  
At January 1, 2012 18,061,784 $ 17,680 $ 3,429 $ (193 ) $ (1,942 ) $ 23,541 $ 42,515  
Comprehensive Income                                
  Profit for the period -   -   -   -     -     4,282   4,282  
  Unrealized loss on translation of foreign operations -   -   -   -     (102 )   -   (102 )
  Unrealized loss on financial derivative designated as a cash flow hedge -   -   -   (175 )   -     -   (175 )
Total Comprehensive Income -   -   -   (175 )   (102 )   4,282   4,005  
Transactions with Shareholders                                
  Employee share purchase plan 9,885   23   -   -     -     -   23  
  Stock options exercised 7,948   14   -   -     -     -   14  
  Share-based payment expense -   -   469   -     -     -   469  
Total Transactions with Shareholders 17,833   37   469   -     -     -   506  
At September 30, 2012 18,079,617   17,717   3,898   (368 )   (2,044 )   27,823   47,026  
At January 1, 2011 18,036,974   17,632   2,781   (596 )   (1,844 )   19,891   37,864  
Comprehensive Income                                
  Profit for the period -   -   -   -     -     3,086   3,086  
  Unrealized gain on translation of foreign operations -   -   -   -     292     -   292  
  Unrealized gain on financial derivative designated as a cash flow hedge -   -   -   264     -     -   264  
Total Comprehensive Income -   -   -   264     292     3,086   3,642  
Transactions with Shareholders                                
  Employee share purchase plan 7,045   15   -   -     -     -   15  
  Stock options exercised 15,280   28   -   -     -     -   28  
  Share-based payment expense -   -   457   -     -     -   457  
Total Transactions with Shareholders 22,325   43   457   -     -     -   500  
At September 30, 2011 18,059,299 $ 17,675 $ 3,238 $ (332 ) $ (1,552 ) $ 22,977 $ 42,006  
   
   
Opta Minerals Inc.  
Interim Condensed Consolidated Statements of Cash Flows  
For the Nine Months Ended September 30, 2012 and 2011  
(Unaudited)  
Expressed in Thousands of US Dollars  
   
  September 30,   September 30,  
    2012     2011  
   
Cash Provided by (Used in) -            
  Operating Activities            
    Profit for the period $ 4,282   $ 3,086  
    Items not affecting cash:            
      Depreciation of property, plant and equipment   2,230     1,605  
      Amortization of intangible assets   1,905     1,510  
      Share-based payment expense   469     457  
      Non-cash finance expense   -     (28 )
      Deferred income taxes   (1,486 )   (289 )
      Loss on disposal of property, plant and equipment   -     2  
    7,400     6,343  
    Changes in non-cash working capital            
      Trade and other receivables   (4,001 )   (981 )
      Inventories   307     (1,069 )
      Trade and other payables   (117 )   (1,346 )
      Provisions   (633 )   (537 )
      Income taxes payable   558     (318 )
    3,514     2,092  
  Financing Activities            
    Proceeds from issuance of common shares - net of issuance costs   37     43  
    Proceeds from borrowings, net of deferred financing costs   32,699     5,975  
    Repayment of finance lease liability   (190 )   (84 )
    Repayment of borrowings   (3,012 )   (2,242 )
      29,534     3,692  
  Investing Activities            
    Proceeds on disposal of property, plant and equipment   -     4  
    Acquisition of subsidiary   (29,988 )   -  
    Additions to property, plant and equipment   (1,598 )   (1,572 )
    Additions to intangible assets   (62 )   (66 )
    (31,648 )   (1,634 )
Foreign Exchange Loss on Cash Held in Foreign Currency   (5 )   (55 )
Increase in Cash and Cash Equivalents   1,395     4,095  
Cash and Cash Equivalents            
  Beginning of Period   698     495  
  End of Period $ 2,093   $ 4,590  
Additional Cash Flows Information:            
  Interest paid $ 2,194   $ 1,297  
  Income taxes paid   1,817     2,291  
 
 
Opta Minerals Inc.
Segmented Information
For the Three Months Ended September 30, 2012 and 2011 (Unaudited)
Expressed in Thousands of US Dollars

Intersegment revenues are recorded at transaction prices, which approximate cost. The Company's assets, operations and employees are located in Canada, the United States and Europe.

Three Months Ended September 30, 2012  
  Abrasive              
  Mill and   Products Manu-              
  Foundry   facturing and              
  Products and   Distribution              
    Services   Operations   Unallocated     Total  
   
External revenue by market                      
Canada $ 6,420 $ 1,579   $ -   $ 7,999  
US   12,874   7,129     -     20,003  
Europe   3,474   1,040     -     4,514  
Other   4   460     -     464  
Total revenue from external customers   22,772   10,208     -     32,980  
   
Segment profit (loss) before interest expense and income taxes   3,388   (72 )   (232 )   3,084  
Finance expense   -   -     -     (757 )
Income taxes   -   -     -     (877 )
Profit for the period   -   -     -     1,450  
Depreciation of property, plant and equipment   400   368     43     811  
Amortization of intangible assets   600   -     48     648  
Expenditures on property, plant and equipment $ 261 $ 75   $ 45   $ 381  

External revenue by market is attributed to countries based on location of the customer.

Included in the mill and foundry products and services segment is revenue from one customer that individually exceeds 10% of the Company's revenue.

The Company evaluates the performance of its operating segments primarily based on income before interest expense and income tax expense.

Opta Minerals Inc.  
Segmented Information  
For the Three Months Ended September 30, 2012 and 2011  
(Unaudited)  
Expressed in Thousands of US Dollars  
                       
        Three Months Ended September 30, 2011  
        Abrasive              
    Mill and Products Manu-              
  Foundry facturing and              
  Products and   Distribution              
    Services   Operations     Unallocated     Total  
   
External revenue by market                      
Canada $ 2,458 $ 1,485   $ -   $ 3,943  
US   10,996   5,351     -     16,347  
Europe   3,772   -     -     3,772  
Other   3   37     -     40  
Total revenue from external customers   17,229   6,873     -     24,102  
   
Segment profit before interest expense and income taxes   2,201   (511 )   (171 )   1,519  
Finance expense   -   -     -     (423 )
Income taxes   -   -     -     (468 )
Profit for the period   -   -     -     628  
Total assets as at September 30, 2011   54,791   31,361     5,727     91,879  
Depreciation of property, plant and equipment   230   273     41     544  
Amortization of intangible assets   460   6     40     506  
Goodwill and intangible assets as at September 30, 2011   30,214   3,564     366     34,144  
Expenditures on property, plant and equipment $ 646 $ 96   $ 18   $ 760  
   
   
Opta Minerals Inc.  
Segmented Information  
For the Nine Months Ended September 30, 2012 and 2011  
(Unaudited)  
Expressed in Thousands of US Dollars  
   
        Nine Months Ended September 30, 2012  
      Abrasive              
  Mill and   Products Manu-              
  Foundry   facturing and              
  Products and   Distribution              
    Services   Operations   Unallocated     Total  
   
External revenue by market                      
Canada $ 18,307 $ 4,457   $ -   $ 22,764  
US   40,191   16,445     -     56,636  
Europe   11,513   1,054     -     12,567  
Other   25   534     -     559  
Total revenue from external customers   70,036   22,490     -     92,526  
   
Segment profit before interest expense and income taxes   9,123   (595 )   (1,069 )   7,459  
Finance expense   -   -     -     (2,176 )
Income taxes   -   -     -     (1,001 )
Profit for the period   -   -     -     4,282  
Total assets as at September 30, 2012   81,378   55,440     2,688     139,506  
Depreciation of property, plant and equipment   1,156   958     116     2,230  
Amortization of intangible assets   1,755   6     144     1,905  
Goodwill and intangible assets as at September 30, 2012   45,249   4,202     272     49,723  
Expenditures on property, plant and equipment $ 941 $ 493   $ 164   $ 1,598  
   
   
Opta Minerals Inc.  
Segmented Information  
For the Nine Months Ended September 30, 2012 and 2011  
(Unaudited)  
Expressed in Thousands of US Dollars  
   
        Nine Months Ended September 30, 2011  
        Abrasive              
    Mill and Products Manu-              
  Foundry facturing and              
  Products and   Distribution              
    Services   Operations     Unallocated     Total  
External revenue by market                      
Canada $ 6,774 $ 4,574   $ -   $ 11,348  
US   32,642   14,970     -     47,612  
Europe   11,423   -     -     11,423  
Other   46   66     -     112  
Total revenue from external customers   50,885   19,610     -     70,495  
                       
Segment profit before interest expense and income taxes   7,478   (1,347 )   (125 )   6,006  
Finance expense   -   -     -     (1,244 )
Income taxes   -   -     -     (1,676 )
Profit for the period   -   -     -     3,086  
Depreciation of property, plant and equipment   689   822     94     1,605  
Amortization of intangible assets   1,375   19     116     1,510  
Expenditures on property, plant and equipment $ 1,140 $ 354   $ 78   $ 1,572  


Opta Minerals Inc.
David Kruse
President and Chief Executive Officer
or
Opta Minerals Inc.
Peter Fryters
Chief Financial Officer and Secretary
905-689-7361, ext 405
investor_relations@optaminerals.com
www.optaminerals.com
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Opta Minerals Inc.

CODE : OPM.TO
ISIN : CA68383W1032
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Nominations of Opta Minerals Inc.
6/14/2013Reports Results of Election of Directors
1/14/2013Announces Appointment of John Dietrich as Executive Vice Pre...
6/18/2012Appoints Austin Beutel to the Board of Directors
1/16/2012Appoints Joseph Riz to the Board of Directors and Audit Comm...
7/29/2011Announces Appointment of Peter Fryters as Chief Financial Of...
7/8/2011Announces Resignation of Chief Financial Officer
6/30/2011Announces Resignation of Director
Financials of Opta Minerals Inc.
10/16/2013Schedules Third Quarter 2013 Financial Results Release
8/8/2013Reports Second Quarter Results for Fiscal 2013
7/15/2013Schedules Second Quarter 2013 Financial Results Release
4/16/2013Schedules First Quarter 2013 Financial Results Release
3/6/2013Reports Fourth Quarter and Year End Results for 2012
2/12/2013Schedules Fourth Quarter and Year End 2012 Financial Results...
11/7/2012Reports Third Quarter Results for Fiscal 2012
8/10/2012Reports Second Quarter Results for Fiscal 2012
5/9/2012Reports First Quarter Results for Fiscal 2012
11/11/2010Third Quarter Results for Fiscal 2010
11/5/2008Reports Third Quarter Record Results in 2008
8/15/2008Reports Second Quarter Record Results in 2008
5/6/2008Reports First Quarter Record Results in 2008
10/31/2007Third Quarter 2007 Financial Results
Corporate news of Opta Minerals Inc.
9/6/2012WGI Heavy Minerals Appoints New Board Members and Officers
8/30/2012Acquires 94% of the Outstanding Common Shares of WGI Heavy M...
8/2/2012Schedules Second Quarter 2012 Financial Results Release and ...
7/25/2012Commences Formal Take-Over Bid to Acquire WGI Heavy Minerals
7/13/2012Announces Agreement to Make C$0.60 Per Share Cash Offer for ...
4/30/2012Schedules First Quarter 2012 Financial Results Release and C...
3/5/2012Schedules Fourth Quarter 2011 Financial Results Release and ...
2/13/2012Acquires Babco Industrial Corp.
12/22/2011to Suspend Strategic Review
11/11/2011Acquires the Members' Interest in Inland RC, L.L.C.
9/7/2011to Evaluate Strategic Alternatives
8/8/2011Schedules Second Quarter 2011 Financial Results Release and ...
5/9/2011Schedules First Quarter 2011 Financial Results Release and C...
2/20/2009Announces Q4 Inventory Adjustment
7/9/2008Continues European Expansion
4/14/2008Announces new Specialty Abrasive
2/26/2008Reports Year End Results for Fiscal 2007
11/7/2007Reports Record 3rd Quarter Revenue Results for Fiscal 2007
9/4/2007Expands into Eastern Europe
8/21/2007Change in Credit Facilities
8/8/2007Q2 2007 Earnings
5/9/2007QI 2007 Earnings Press Release
2/22/2007Acquistion of Laval PQ assets
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TORONTO (OPM.TO)
2.00+0.00%
TORONTO
CA$ 2.00
10/31 15:49 -
0%
Prev close Open
2.00 2.00
Low High
1.99 2.00
Year l/h YTD var.
1.62 -  2.19 14.29%
52 week l/h 52 week var.
1.55 -  2.19 5.26%
Volume 1 month var.
900 -2.91%
24hGold TrendPower© : -15
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Annual variation
DateVariationHighLow
201417.65%1.901.63
2013-32.00%3.351.48
201226.90%3.001.85
201119.39%2.501.65
201042.24%2.031.16
 
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