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Opta Minerals Inc. Reports Fourth Quarter and Year End Results for Fiscal 2013

WATERDOWN, ONTARIO -- (Marketwired) -- 03/05/14 -- Opta Minerals Inc. (TSX: OPM) today announced results for the three and twelve months ended December 31, 2013. All figures are reported in U.S. dollars and are in accordance with International Financial Reporting Standards (IFRS), except where otherwise noted.

   3 months 3 months                   12 months 12 months
      ended    ended                       ended     ended
   December December                    December  December Increase
         31,      31, Increase                31,       31,    (Dec-
       2013     2012 (Decrease)      %      2013      2012    rease)       %

Revenue

   $ 32,821 $ 34,125  $ (1,304)  -3.8% $ 141,435 $ 126,651 $ 14,784    11.7%

Gross
Profit

      5,294    6,647    (1,353) -20.4%    23,879    26,760   (2,881)  -10.8%
      16.1%    19.5%     -3.3%             16.9%     21.1%    -4.2%

EBITDA
(1)

      3,291    3,089       202    6.5%    12,127    14,683   (2,556)  -17.4%

EBIT
(2)

      1,393    1,943      (550) -28.3%     2,348     9,402   (7,054)  -75.0%

Profit
(Loss)

        962      991       (29)  -2.9%      (181)    5,273   (5,454) -103.4%

EPS

     $ 0.05   $ 0.06   $ (0.01)          $ (0.01)   $ 0.29  $ (0.30)

(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, "Revenues in the fourth quarter decreased over the comparable period in 2012 due to a combination of volume and pricing. General economic conditions in both the Steel and Magnesium segment and Industrial Minerals segment, and weather related slowdowns impacted the quarter's volume output. Revenues for 2013 have increased over the prior year primarily due to the acquisitions of Babco Industrial Corp. (Babco) and WGI Heavy Minerals, Incorporated (WGI) in 2012. Our base business softened from the prior year as a result of slowdowns in both industry segments. The impact was more pronounced in the Steel and Magnesium segment. Demand in the steel industry during the last three quarters continued to track below the prior year. Results this quarter were adversely affected by intangible and property, plant and equipment asset write-downs in certain plant assets.

We anticipate that the steel industry will track slightly better than the past two quarters in the first half of 2014. After a strong focus on integration and cost containment in 2013, we have refocused our efforts on revenue growth opportunities in 2014. With the integration of WGI now complete, we also anticipate lower SGA and reduced one time charges. Working capital is expected to decline over the next six months as there will be limited purchases of inventories required over this time period."

Operational and Financial Highlights:

--  For the three months ended December 31, 2013 Opta Minerals had net
    profit of $1.0 million as compared to $1.0 million in the comparable
    quarter in 2012. During the quarter, the Company expensed $0.5 million
    in property, plant and equipment write-downs in certain plants related
    to the Industrial Minerals segment.

--  On a year-over-year basis, the Company incurred a net loss of $0.2
    million compared to net profit of $5.3 million in 2012. Economic
    conditions across all sectors affected both revenues and margins during
    the year. Lower revenues within the Steel and Magnesium segment had a
    significant impact on the Company's net earnings. The Company has also
    incurred certain one time costs approximating $1.3 million in severance,
    various professional fees related to the WGI acquisition, new banking
    agreements and amendments and implementation of tax planning strategies.
    In addition, the Company expensed $3.9 million in goodwill and
    intangible asset write-downs on non-financial assets and $0.5 million in
    property, plant and equipment write-downs related to the Industrial
    Minerals segment. The Company realized a gain of $0.6 million in changes
    to the fair value of expected payments to contingent consideration
    during the year.

--  Fourth quarter revenue in the Steel and Magnesium segment decreased 2.5%
    from the comparable quarter in 2012. On a year-over-year basis revenues
    declined 4.7%. The Steel and Magnesium segment has primarily been
    impacted by overall lower steel output in North America and Europe
    compared to the previous year and certain re-pricing in the fourth
    quarter. The Industrial Minerals segment decreased 5.3% over the
    comparable quarter in 2012 and increased 37.7% on a year-over-year
    basis. The decrease in the quarter was primarily due to economic
    conditions and weather. The increase over the previous year was due to
    the acquisition of WGI, partially offset by lower revenues in the base
    industrial minerals business related to generally weak economic
    conditions in this segment, as well as lower demand in the steel
    industry. In both segments we have not lost any major customers. The
    Company is currently focused on a number of opportunities to grow
    revenue and improve margins.

--  Gross profit decreased quarter over quarter due to lower overall gross
    profit margins of 16.1% compared to 19.5% in the prior year quarter. For
    the twelve months ended December 31, 2013 gross profit margins were
    16.9% compared to 21.1% in the comparable 2012 period. Gross profit
    margins have declined due to the acquisition of WGI which has inherently
    lower margins, reduced steel revenues especially in the last three
    quarters which have higher inherent margins than the Industrial Minerals
    group, certain re-pricing in the last quarter, and lower margins in the
    Industrial Minerals segment compared to the prior year as a result of
    competitive pressures, and reduced facility utilization.

--  Selling, general and administrative expenses (SGA) as a percent of
    revenues were 11.9% in the fourth quarter and 13.5% for the twelve
    months end December 31, 2013. SGA as a percent of revenues were 15.7%
    and 14.2%, respectively for the comparable periods in 2012. For the
    twelve months ended December 31, 2013 there were one time costs
    associated with professional fees for income tax restructuring of $0.2
    million and severance costs of $0.8 million. With the integration of WGI
    completed, the Company expects to reduce SGA in subsequent quarters as
    synergies have been achieved from the integration of the WGI
    acquisition. The Company is targeting 10% SGA as a percent of revenues
    and expects to achieve this due to integration based reductions and
    growth in revenues.

--  The Company's working capital at December 31, 2013 amounted to $23.3
    million and total assets were $130.0 million, as compared to $24.6
    million and $135.9 million, respectively, at December 31, 2012.

--  The debt to equity ratio at December 31, 2013 was 1.17 to 1.00, and at
    December 31, 2012 was 1.28 to 1.00. As at December 31, 2013, the Company
    is in compliance with the financial covenants of the borrowing
    agreements.

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 twelve
                                             Months Ended      Months Ended
                                              December 31       December 31
                                            2013     2012     2013     2012
                                               $        $        $        $

Profit (Loss) for the Period                 962      991     (181)   5,273
Finance Expense                              697    2,037    3,665    4,213
Income Tax Recovery                         (266)  (1,085)  (1,136)     (84)
Depreciation and Amortization              1,446    1,541    6,110    5,676
Goodwill and Intangible Asset Write-
 downs                                         -        -    3,862        -
Property, Plant and Equipment Write-
 downs                                       450        -      450        -
Fair Value Adjustments to Contingent
 Consideration                                 2     (395)    (643)    (395)

EBITDA(1)                                  3,291    3,089   12,127   14,683
Subtract:
Depreciation and Amortization              1,446    1,541    6,110    5,676
Goodwill and Intangible Asset Write-
 downs                                         -        -    3,862        -
Property, Plant and Equipment Write-
 downs                                       450        -      450        -
Fair Value Adjustments to Contingent
 Consideration                                 2     (395)    (643)    (395)

EBIT(2)                                    1,393    1,943    2,348    9,402
---------------------------------------------------------------------------

Notes

(1) The term "EBITDA" refers to earnings before deducting finance expense,
    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 non-cash asset depreciation
    and amortization. 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 finance
    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.

Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include, without limitation, statements relating to the Company's belief that the steel industry will continue to track slightly better than in the past two quarters in the first half of 2014 resulting in increased revenues in both the Steel and Magnesium and Industrial Minerals segments, its expectation of lower SGA costs and reduced one time charges, its expectations regarding working capital, its focus on opportunities to grow revenue and improve margins, its targets with respect to SGA as a percent of revenues and expected benefits resulting from the integration of recent acquisitions, as well as other 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: the impact of general economic conditions; the impact of specific industry conditions; the inability of the Company to successfully integrate recently acquired businesses or to achieve the anticipated benefits from such acquisitions; the risk of unexpected costs or liabilities relating to acquisitions; currency fluctuations and exchange rate risks; risks associated with foreign operations; governmental and environmental regulation; competition from other industry participants; cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; mining risks; and the other risks identified in 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.

Consolidated Balance Sheets
As At December 31, 2013
(Unaudited)
Expressed in Thousands of US Dollars (except per share amounts and number
 of shares)

                                                            2013       2012
---------------------------------------------------------------------------
                                                                  (Restated)
Assets
Current
  Cash and cash equivalents                              $ 4,084    $ 3,966
  Trade receivables, other receivables and
   prepayments                                            14,676     19,894
  Inventories                                             39,525     32,516
  Income tax receivable                                      544          -
---------------------------------------------------------------------------
                                                          58,829     56,376
---------------------------------------------------------------------------
Property, Plant and Equipment                             28,030     29,770
---------------------------------------------------------------------------
Intangible Assets                                         31,071     33,873
---------------------------------------------------------------------------
Goodwill                                                  10,659     14,726
---------------------------------------------------------------------------
Deferred Income Tax Assets                                 1,471      1,148
---------------------------------------------------------------------------
                                                       $ 130,060  $ 135,893
---------------------------------------------------------------------------

Liabilities
Current
  Trade and other payables                              $ 13,961   $ 14,013
  Borrowings                                              20,721     16,533
  Provisions                                                 520        249
  Other liabilities                                          348        612
  Income taxes payable                                         -        360
---------------------------------------------------------------------------
                                                          35,550     31,767
---------------------------------------------------------------------------
Borrowings                                                37,539     45,351
---------------------------------------------------------------------------
Derivative Financial Instruments                             311        396
---------------------------------------------------------------------------
Provisions                                                    91        227
---------------------------------------------------------------------------
Other Liabilities                                            371      1,274
---------------------------------------------------------------------------
Deferred Income Tax Liabilities                            6,540      8,519
---------------------------------------------------------------------------
                                                          80,402     87,534
---------------------------------------------------------------------------
Equity Attributable to the Shareholders of the
 Company
Capital Stock
  Authorized without limit as to number -
    Preference shares (without par value)
    Common shares
  Issued -
    18,111,247 common shares (December 31, 2012 -
     18,084,559)                                          17,882     17,822
---------------------------------------------------------------------------
Contributed Surplus                                        4,358      3,925
---------------------------------------------------------------------------
Accumulated Other Comprehensive Loss                        (862)    (1,849)
---------------------------------------------------------------------------
Retained Earnings                                         28,280     28,461
---------------------------------------------------------------------------
                                                          49,658     48,359
---------------------------------------------------------------------------
                                                       $ 130,060  $ 135,893
---------------------------------------------------------------------------


Opta Minerals Inc.

Consolidated Statements of Income (Loss)
For the Years Ended December 31, 2013 and 2012
(Unaudited)
Expressed in Thousands of US Dollars (except per share amounts)

                                                            2013       2012
---------------------------------------------------------------------------

Revenue                                                $ 141,435  $ 126,651

Cost of Goods Sold                                       117,556     99,891
---------------------------------------------------------------------------

Gross Profit                                              23,879     26,760
---------------------------------------------------------------------------

Expenses

  Selling, general and administrative                     19,024     17,973
  Goodwill and intangible asset write-downs                3,862          -
  Property, plant and equipment write-downs                  450          -
  Fair value adjustments to contingent consideration        (643)      (395)
  Other income                                            (1,162)      (220)
---------------------------------------------------------------------------
                                                          21,531     17,358
---------------------------------------------------------------------------

Profit Before Finance Expense and Income Taxes             2,348      9,402

Finance expense                                            3,665      4,213
---------------------------------------------------------------------------

Profit (Loss) Before Income Taxes                         (1,317)     5,189

Income tax recovery                                       (1,136)       (84)
---------------------------------------------------------------------------

Profit (Loss) for the Year Attributable to the
 Shareholders of the Company                              $ (181)   $ 5,273
---------------------------------------------------------------------------

Earnings (loss) per share for the year - basic and
 diluted                                                   (0.01)      0.29
---------------------------------------------------------------------------


Opta Minerals Inc.

Consolidated Statements of Comprehensive Income (Loss)
For the Years Ended December 31, 2013 and 2012
(Unaudited)
Expressed in Thousands of US Dollars

                                                              2013     2012
---------------------------------------------------------------------------

Profit (Loss) for the Year Attributable to the
 Shareholders of the Company                                $ (181) $ 5,273

Other Comprehensive Income (Loss), net of income taxes

Items that may be reclassified subsequently to profit or
 loss

  Unrealized gain on translation of foreign operations         924      386
  Unrealized gain (loss) on financial derivatives
   designated as a cash flow hedges                             63     (100)
---------------------------------------------------------------------------

Comprehensive Income Attributable to the Shareholders of
 the Company                                                 $ 806  $ 5,559
---------------------------------------------------------------------------


Opta Minerals Inc.

Consolidated Statements of Changes in Equity
For the Years Ended December 31, 2013 and 2012
(Unaudited)
Expressed in Thousands of US Dollars (except per share amounts and number
 of shares)

                                Contri-
                                 buted         AOCI(i) -
                               Surplus           Foreign
            Number of          - Share- AOCI(i) Currency
             Shares -            based  - Cash     Trans-
              Capital  Capital     Pay-   Flow    lation  Retained    Total
                Stock    Stock   ments   Hedge   Reserve  Earnings   Equity
---------------------------------------------------------------------------

At January
 1, 2013   18,084,559 $ 17,822 $ 3,925  $ (293) $ (1,556) $ 28,461 $ 48,359
---------------------------------------------------------------------------

Comprehensive
 Income
 Loss for
  the year          -        -       -       -         -      (181)    (181)
 Unrealized
  gain on
  translation
  of
  foreign
  operations        -        -       -       -       924         -      924
 Unrealized
  gain on
  financial
  derivatives
  designated
  as a
  cash flow
  hedges            -        -       -      63         -         -       63
---------------------------------------------------------------------------
Total
 Comprehensive
 Income             -        -       -      63       924      (181)     806
---------------------------------------------------------------------------

Transactions
 with
 Shareholders
 Employee
  share
  purchase
  plan         18,611       45       -       -         -         -       45
 Share
  options
  exercised     8,077       15     (15)      -         -         -        -
 Share-
  based
  payment
  expense           -        -     448       -         -         -      448
---------------------------------------------------------------------------
Total
 Transactions
 with
 Shareholders  26,688       60     433       -         -         -      493
---------------------------------------------------------------------------
At December
 31, 2013  18,111,247 $ 17,882 $ 4,358  $ (230)   $ (632) $ 28,280 $ 49,658
---------------------------------------------------------------------------

At January
 1, 2012,
 previously
 reported  18,061,784 $ 17,680 $ 3,429  $ (193) $ (1,942) $ 23,541 $ 42,515
---------------------------------------------------------------------------
 Restatement        -       93     (93)      -         -      (353)    (353)
---------------------------------------------------------------------------
At January
 1, 2012,
 restated  18,061,784   17,773   3,336    (193)   (1,942)   23,188   42,162
---------------------------------------------------------------------------

Comprehensive
 Income
 Profit for
  the year          -        -       -       -         -     5,273    5,273
 Unrealized
  gain on
  translation
  of
  foreign
  operations        -        -       -       -       386         -      386
 Unrealized
  loss on
  financial
  derivative
  designated
  as a
  cash flow
  hedge             -        -       -    (100)        -         -     (100)
---------------------------------------------------------------------------
Total
 Comprehensive
 Income             -        -       -    (100)      386     5,273    5,559
---------------------------------------------------------------------------

Transactions
 with
 Shareholders
 Employee
  share
  purchase
  plan         14,827       35       -       -         -         -       35
 Share
  options
  exercised     7,948       14     (14)      -         -         -        -
 Share-
  based
  payment
  expense           -        -     603       -         -         -      603
---------------------------------------------------------------------------
Total
 Transactions
 with
 Shareholders  22,775       49     589       -         -         -      638
---------------------------------------------------------------------------
At December
 31, 2012  18,084,559 $ 17,822 $ 3,925  $ (293) $ (1,556) $ 28,461 $ 48,359
---------------------------------------------------------------------------


Opta Minerals Inc.

Interim Condensed Consolidated Statements of Cash Flows
For the Twelve Months Ended December 31, 2013 and 2012
(Unaudited)
Expressed in Thousands of US Dollars

                                                             2013      2012
---------------------------------------------------------------------------

Cash Provided by (Used in) -
  Operating Activities
    Profit (loss) for the year                             $ (181)  $ 5,273

    Items not affecting cash:
      Depreciation of property, plant and equipment         3,655     3,113
      Amortization of intangible assets                     2,455     2,563
      Goodwill and intangible asset write-downs             3,862         -
      Property, plant and equipment write-downs               450         -
      Share-based payment expense                             433       589
      Fair value adjustments to contingent
       consideration                                         (643)     (395)
      Deferred income taxes                                (2,502)   (2,821)
      Gain on disposal of property, plant and equipment       (27)       (5)
---------------------------------------------------------------------------
                                                            7,502     8,317
    Changes in non-cash working capital
      Trade and other receivables                           4,816    (1,748)
      Inventories                                          (7,834)   (2,899)
      Trade and other payables                               (135)      759
      Provisions                                              136      (994)
      Income taxes payable (receivable)                      (889)      200
---------------------------------------------------------------------------
                                                            3,596     3,635
---------------------------------------------------------------------------
  Financing Activities
    Proceeds from issuance of common shares - net of
     issuance costs                                            60        49
    Proceeds from borrowings - net of deferred finance
     charges                                                5,725    36,848
    Repayment of borrowings                                (5,100)   (4,325)
    Repayment of finance lease liability                     (610)     (284)
---------------------------------------------------------------------------
                                                               75    32,288
---------------------------------------------------------------------------
  Investing Activities
    Acquisition of subsidiaries - net of cash acquired          -   (30,044)
    Additions to property, plant and equipment             (3,079)   (2,478)
    Proceeds on disposal of property, plant and
     equipment                                                 54         6
    Additional contingent consideration paid on
     acquisitions                                            (489)      (62)
    Additions to intangible assets                           (117)     (128)
---------------------------------------------------------------------------
                                                           (3,631)  (32,706)
---------------------------------------------------------------------------

Foreign Exchange Gain on Cash Held in Foreign Currency         78        51
---------------------------------------------------------------------------

Increase in Cash and Cash Equivalents                         118     3,268

Cash and Cash Equivalents
  Beginning of Year                                         3,966       698
---------------------------------------------------------------------------
  End of Year                                             $ 4,084   $ 3,966
---------------------------------------------------------------------------

Additional Cash Flows Information:
  Interest paid                                           $ 3,281   $ 3,034
  Income taxes paid                                         2,176     2,396
---------------------------------------------------------------------------


Opta Minerals Inc.

Interim Segmented Information
For the Twelve Months Ended December 31, 2013 and 2012
(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.

                                                                       2013
---------------------------------------------------------------------------
                                                   Indus-
                                     Steel and     trial      Cor-
                                     Magnesium  Minerals   porate     Total
---------------------------------------------------------------------------

External revenue by market
Canada                                $ 13,380  $ 12,564        -  $ 25,944
U.S                                     47,922    33,193        -    81,115
Europe                                  12,739    13,267        -    26,006
Other                                       20     8,350        -     8,370
---------------------------------------------------------------------------
Total revenue from external
 customers                              74,061    67,374        -   141,435
---------------------------------------------------------------------------

Segment profit (loss) before
 corporate expenses, goodwill and
 intangible asset write-downs,
 property, plant and equipment
 write-downs, fair value adjustments
 to contingent consideration,
 finance expense and income taxes       12,849    (1,203)       -    11,646
Goodwill and intangible asset write-
 downs                                       -    (3,862)       -    (3,862)
Property, plant and equipment write-
 downs                                       -      (450)       -      (450)
Fair value adjustments to contingent
 consideration                             514         -      129       643
Corporate expenses                           -         -   (5,629)   (5,629)
---------------------------------------------------------------------------
Segment profit (loss) before finance
 expense and income taxes               13,363    (5,515)  (5,500)    2,348
Finance expense                              -         -        -    (3,665)
Income tax recovery                          -         -        -     1,136
Loss for the year                            -         -        -      (181)
---------------------------------------------------------------------------

Total assets as at December 31, 2013    64,511    65,549        -   130,060
---------------------------------------------------------------------------

Total liabilities as at December 31,
 2013                                   14,872     5,769   59,761    80,402
---------------------------------------------------------------------------
Depreciation of property, plant and
 equipment                               1,569     1,890      196     3,655
---------------------------------------------------------------------------
Amortization of intangible assets        2,159       138      158     2,455
---------------------------------------------------------------------------
Goodwill and intangible assets as at
 December 31, 2013                      40,961       651      118    41,730
---------------------------------------------------------------------------
Expenditures on property, plant and
 equipment                               1,648     1,158      273     3,079
---------------------------------------------------------------------------


Opta Minerals Inc.

Interim Segmented Information
For the Twelve Months Ended December 31, 2013 and 2012
(Unaudited)
Expressed in Thousands of US Dollars

                                                                       2012
                                                                  (Restated)
---------------------------------------------------------------------------
                                                   Indus-
                                     Steel and     trial      Cor-
                                     Magnesium  Minerals   porate     Total
---------------------------------------------------------------------------

External revenue by market
Canada                                $ 14,936  $ 14,306        -  $ 29,242
U.S                                     48,453    27,347        -    75,800
Europe                                  14,271     4,883        -    19,154
Other                                       48     2,407        -     2,455
---------------------------------------------------------------------------
Total revenue from external
 customers                              77,708    48,943        -   126,651
---------------------------------------------------------------------------

Segment profit (loss) before
 corporate expenses, fair value
 adjustments to contingent
 consideration, finance expense and
 income taxes                           14,524     1,674        -    16,198
Fair value adjustments to contingent
 consideration                             395         -        -       395
Corporate expenses                           -         -   (7,191)   (7,191)
---------------------------------------------------------------------------
Segment profit (loss) before finance
 expense and income taxes               14,919     1,674   (7,191)    9,402
Finance expense                              -         -        -    (4,213)
Income tax recovery                          -         -        -        84
Profit for the year                          -         -        -     5,273
---------------------------------------------------------------------------

Total assets as at December 31, 2012    74,810    58,654    2,429   135,893
---------------------------------------------------------------------------

Total liabilities as at December 31,
 2012                                   19,524     6,653   61,357    87,534
---------------------------------------------------------------------------
Depreciation of property, plant and
 equipment                               1,427     1,523      163     3,113
---------------------------------------------------------------------------
Amortization of intangible assets        2,172       194      197     2,563
---------------------------------------------------------------------------
Goodwill and intangible assets as at
 December 31, 2012                      43,668     4,647      284    48,599
---------------------------------------------------------------------------
Expenditures on property, plant and
 equipment                               1,291       881      306     2,478
---------------------------------------------------------------------------

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

Included in the steel and magnesium segment is revenue from two customers
that individually exceed 10% of the Company's revenue.

Contacts:
Opta Minerals Inc.
David Kruse
President and Chief Executive Officer
905-689-7361, ext 405

Opta Minerals Inc.
Peter Fryters
Chief Financial Officer and Treasurer
905-689-7361, ext 405
[email protected]
www.optaminerals.com

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Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
Though cloud is the future of enterprise computing, a smooth transition of legacy applications and systems is critical for seamless business operations. IT professionals are eager to start leveraging the cost, scale and other benefits of cloud, but with massive investments already in place in existing infrastructure and a number of compliance and resource hurdles, it can be challenging to move to a cloud-based infrastructure.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant th...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-security...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
Microsoft Azure Container Services can be used for container deployment in a variety of ways including support for Orchestrators like Kubernetes, Docker Swarm and Mesos. However, the abstraction for app development that support application self-healing, scaling and so on may not be at the right level. Helm and Draft makes this a lot easier. In this primarily demo-driven session at @DevOpsSummit at 21st Cloud Expo, Raghavan "Rags" Srinivas, a Cloud Solutions Architect/Evangelist at Microsoft, wi...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...