|By Marketwired .||
|August 13, 2014 07:37 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/13/14 -- Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX:OMN)(FRANKFURT:OMC) announces its financial results for the period ended June 30, 2014. This news release should be read in conjunction with the unaudited condensed consolidated interim financial statements and notes thereto for the six months ended June 30, 2014 and 2013, and the related management's discussion & analysis ("MD&A"), both available on SEDAR at www.sedar.com.
Second Quarter 2014 financial summary
-- For the three months ended June 30, 2014, the Corporation had a net loss of $1.5 million compared to net loss of $3.0 million for the three months ended June 30, 2013. The decrease in net loss compared to the prior period is primarily due to a decrease of $1.4 million in exploration and evaluation expenditures and a decrease of $0.8 million in general and administrative costs, offset by an increase in interest expense of $0.6 million; -- Net working capital as at June 30, 2014 was a deficiency of $8.4 million compared with a deficiency of $5.0 million on December 31, 2013; and -- Cash and cash equivalents at June 30, 2014 totaled $0.3 million compared to $0.3 million on December 31, 2013.
All financial information for the quarter ended June 30, 2014 is prepared in accordance with International Financial Reporting Standards ("IFRS") and reported in United States dollars unless otherwise noted, including this news release. Please refer to Note 2 of the audited consolidated financial statements for the years ended December 31, 2013 and 2012 for more information.
About Oracle Mining Corp.
Oracle Mining Corp. (TSX:OMN)(FRANKFURT:OMC) is a Vancouver, Canada-based corporation that is the sole owner and operator of Oracle Ridge Mining, LLC and the Oracle Ridge copper project located 24 km northeast of Tucson, Arizona. Oracle Mining is managed by an experienced team of mining professionals with extensive operating and financial experience.
Sep. 27, 2016 02:15 AM EDT Reads: 1,710
Sep. 27, 2016 02:15 AM EDT Reads: 3,022
Sep. 27, 2016 02:15 AM EDT Reads: 1,595
Sep. 27, 2016 02:00 AM EDT Reads: 1,724
Sep. 27, 2016 02:00 AM EDT Reads: 1,720
Sep. 27, 2016 01:45 AM EDT Reads: 1,288
Sep. 27, 2016 01:30 AM EDT Reads: 1,847
Sep. 27, 2016 01:15 AM EDT Reads: 1,994
Sep. 27, 2016 12:30 AM EDT Reads: 1,631
Sep. 27, 2016 12:00 AM EDT Reads: 1,046
Sep. 27, 2016 12:00 AM EDT Reads: 1,540
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 26, 2016 11:45 PM EDT Reads: 2,753
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 10:45 PM EDT Reads: 468
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 26, 2016 10:00 PM EDT Reads: 2,675
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 08:45 PM EDT Reads: 2,169