Elysee Announces Results for the Nine Months Ended September 30, 2024
Elysee Development Corp reported strong Q3 2024 financial results with net income of $963,981 ($0.03 per share), compared to a loss of $1,400,850 in Q3 2023. Total investment income reached $1,119,668, with NAV increasing to $0.43 per share from $0.39 at year-end 2023. Cash position strengthened to $1,961,829, up from $849,798. The improved performance was driven by strong gold prices benefiting senior producers in their portfolio. The company experienced a realized loss from Victoria Gold Corp due to a heap leach pad failure, but made partial recovery of its BakerSci Corp investment.
Elysee Development Corp ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un reddito netto di $963,981 ($0,03 per azione), rispetto a una perdita di $1,400,850 nel terzo trimestre del 2023. Il reddito totale da investimenti ha raggiunto $1,119,668, con il NAV che 猫 aumentato a $0,43 per azione rispetto a $0,39 a fine anno 2023. La posizione di cassa si 猫 rafforzata a $1,961,829, in aumento rispetto a $849,798. Le performance migliorate sono state sostenute da forti prezzi dell'oro che hanno avvantaggiato i produttori senior nel loro portafoglio. L'azienda ha subito una perdita realizzata da Victoria Gold Corp a causa di un guasto nel campo di percolazione, ma ha parzialmente recuperato il suo investimento in BakerSci Corp.
Elysee Development Corp report贸 resultados financieros s贸lidos para el tercer trimestre de 2024, con un ingreso neto de $963,981 ($0.03 por acci贸n), en comparaci贸n con una p茅rdida de $1,400,850 en el tercer trimestre de 2023. Los ingresos totales por inversiones alcanzaron $1,119,668, con el NAV aumentando a $0.43 por acci贸n desde $0.39 a finales de 2023. La posici贸n de efectivo se fortaleci贸 a $1,961,829, un aumento desde $849,798. El desempe帽o mejorado fue impulsado por los altos precios del oro, beneficiando a los productores senior en su cartera. La compa帽铆a experiment贸 una p茅rdida realizada de Victoria Gold Corp debido a una falla en la plataforma de lixiviaci贸n, pero logr贸 una recuperaci贸n parcial de su inversi贸n en BakerSci Corp.
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Elysee Development Corp a annonc茅 de solides r茅sultats financiers pour le troisi猫me trimestre 2024, avec un b茅n茅fice net de 963 981 $ (0,03 $ par action), par rapport 脿 une perte de 1 400 850 $ au troisi猫me trimestre 2023. Les revenus totaux des investissements ont atteint 1 119 668 $, avec un NAV passant de 0,39 $ par action 脿 0,43 $ 脿 la fin de 2023. La position de tr茅sorerie s'est renforc茅e pour atteindre 1 961 829 $, en hausse par rapport 脿 849 798 $. La performance am茅lior茅e a 茅t茅 soutenue par de forts prix de l'or qui ont b茅n茅fici茅 aux producteurs seniors dans leur portefeuille. L'entreprise a subi une perte r茅alis茅e de la Victoria Gold Corp en raison d'une d茅faillance de la plateforme de lixiviation, mais a r茅alis茅 une r茅cup茅ration partielle de son investissement dans BakerSci Corp.
Elysee Development Corp hat starke finanzielle Ergebnisse f眉r das dritte Quartal 2024 berichtet, mit einem Nettogewinn von $963,981 ($0,03 pro Aktie), im Vergleich zu einem Verlust von $1,400,850 im dritten Quartal 2023. Das gesamte Anlageergebnis erreichte $1,119,668, wobei das NAV von $0,39 zum Ende des Jahres 2023 auf $0,43 pro Aktie anstieg. Die Liquidit盲tsposition wurde auf $1,961,829 gest盲rkt, was einem Anstieg von $849,798 entspricht. Die verbesserte Performance wurde durch hohe Goldpreise beg眉nstigt, die den f眉hrenden Produzenten im Portfolio zugutekamen. Das Unternehmen erlitt einen realisierten Verlust von Victoria Gold Corp aufgrund eines Ausfalls der Laugungsanlage, konnte jedoch einen teilweisen R眉ckgewinn aus seiner Investition in BakerSci Corp erzielen.
- Net income improved to $963,981 in Q3 2024 from a loss of $1,400,850 in Q3 2023
- Investment income increased to $1,119,668 from a loss of $1,306,361 year-over-year
- NAV per share increased to $0.43 from $0.39 at year-end 2023
- Cash position strengthened to $1,961,829 from $849,798
- Portfolio value increased by $1,127,047 during Q3 2024
- AG真人官方ized loss of $280,580 on marketable securities due to Victoria Gold Corp investment
- General and administrative expenses of $382,759 for the nine-month period
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Elysee Development Corp. (TSXV: ELC) (FSE: QLDN) is pleased to announce its unaudited financial results for the three and nine months ended September 30, 2024 ("Q3 2024"). All dollar amounts are in Canadian funds.
Highlights from the Q3 2024 results include:
- Net income for Q3 2024 of
$963,981 ($0.03 per share) as compared to a net loss of$1,400,850 ($0.05 per share in Q3 2023; - Total investment income for Q3 2024 of
$1,119,668 as compared to a loss on investments of$1,306,361 in Q3 2023; - Net Asset Value (NAV) per share of
$0.43 per share as of September 30, 2024 as compared to NAV of$0.39 as of December 31, 2023; and - Cash on hand as of September 30, 2024 of
$1,961,829 compared to cash of$849,798 as of December 30, 2023.
During the nine months ended September 30, 2024, the Company had net investment earnings of
The increase in Net Asset Value to
The realized loss on marketable securities of
During Q3 2024 the Company made a partial recovery of its investment in BakerSci Corp. resulting in a net gain on other investments of
During the nine months ended September 30, 2024, the Company purchased 238,500 of its common shares at a total cost of
The Company's most significant investments as of September 30, 2024, were U.S. Vanadium LLC (privately held), Arizona Sonoran Copper Company Inc., Dundee Precious Metals Inc., Hudbay Minerals Inc., Calibre Mining Corp., and Agnico Eagle Mines Limited.
For more information on these investments and others made during the period, please refer to the MD&A dated November 5, 2024 on SEDAR+ or on our website at .
On September 30, 2024, Elysee's net asset value ("NAV") was
The Financial Statements and Management Discussion and Analysis are available for viewing on SEDAR+ and at .
FOR FURTHER IN FORMATION, PLEASE CONTACT:
Guido Cloetens
President and CEO
Elysee Development Corp.
Tel: (778) 373-1562
E-mail: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
To view the source version of this press release, please visit
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