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Gold/Mining/Energy : The Molybdenum Discussion Board

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From: nohalo	5/10/2007 4:36:46 PM
	of 3267

Blue Pearl Reports Cash Flow From Operating Activities of US$105.1 Million in Q1 2007 TORONTO, ONTARIO--(CCNMatthews - May 10, 2007) - Highlights (all in U.S. dollars): - Revenues totaled $275.3 million and cash flow from operating activities totaled $105.1 million in the three months ended March 31, 2007. - Net income was $47.7 million or $0.46 per basic and $0.45 per diluted share. Net income was adversely affected by $29.6 million of inventory purchase price adjustment included in operating expenses. - Company ended the first quarter with cash balances of $114.5 million after paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007. As at March 31, 2007, the principal outstanding on the First Lien Credit Facility was $319.3 million, down from $340 million on December 31, 2006. - Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $5.63 per pound while realized prices on molybdenum sales averaged $25.57 per pound. - Conference call and webcast for analysts and investors is scheduled for May 11 at 10:00 a.m. Eastern.

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