Global Atomic Announces Second Quarter 2018 Results

August 28, 2018

Net Income for Q2 Increased 175% to $1.1 M
Attributable EBITDA for Q2 Increased 152% to $4.2 M

Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX-V: GLO, FRANKFURT: G12) is pleased to announce its operating results for the second quarter (“Q2”) and first half (“H1”) ended June 30, 2018.

HIGHLIGHTS

  • Consolidated net income for the Company was $1.1 million for Q2 2018 and $4.8 million for H1 2018, an increase of 175% from Q2 2017 and 71% from H1 2017.
  • The Befesa Silvermet Turkey, S.L. (“BST”) joint venture shipped 8.2 million pounds of zinc in concentrate for Q2 2018 and 19.1 million pounds in H1 2018, an increase of 49% from Q2 2017 and 22% from H1 2017. Global Atomic holds a 49% interest in the BST joint venture.

Global Atomic’s 49% share of EBITDA in the BST joint venture was $4.2 million for Q2 2018 and $9.1 million for H1 2018, an increase of 152% from Q2 2017 and 76% from H1 2017.

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