Mes: febrero 2021

NEW YORK, Feb. 11, 2021 /PRNewswire/ — Climate Finance Partners (CLIFI), the sub-advisor to the KFA Global Carbon ETF (Ticker: KRBN), announced that Robert Engle has been named Chairman of the Climate Finance Partners Advisory Board.

Robert Engle is the 2003 recipient of the Nobel Prize in Economics and a preeminent expert in volatility measurement within financial markets. He is a thought-leader in climate change risk and sustainable investing and a professor at the NYU Stern School of Business. As the CLIFI advisory board’s chairman, Engle will provide market expertise and investor education on the global carbon allowance markets.

Engle assumes the chairman position as his predecessor, 68th Secretary of State of the United States, John Kerry, joins the Biden administration as U.S. Special Presidential Envoy for Climate.

Robert Engle commented, «Experts agree that the best way to curb pollution and save the planet is to put a price on carbon emissions. I believe the Biden Administration rejoining the Paris Agreement, among other factors, will help raise the global price per ton of carbon emissions significantly in the coming years.»

Climate Finance Partners has worked with IHS Markit to create the Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA), and the Regional Greenhouse Gas Initiative (RGGI).

«We are thrilled to have Robert as the Chairman of the Climate Finance Advisory Board,» said Eron Bloomgarden, Partner at Climate Finance Partners. «As a Nobel laureate in financial markets and thought-leader in climate change risk and sustainable investing, Robert’s expertise is an invaluable asset to our mission to provide innovative climate finance solutions to address environmental challenges.»

Investors can now invest in the global carbon allowance market through the KFA Global Carbon ETF (Ticker: KRBN), which is benchmarked to The IHS Markit Global Carbon Index. The IHS Markit Global Carbon Index returned 31.21% in 2020.

Index performance returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. High short term results may not be repeatable. Performance information for the KFA Global Carbon ETF can be found at the following website www.kfafunds.com/krbn.

About Climate Finance Partners
KRBN is sub-advised by Climate Finance Partners (CLIFI). CLIFI delivers innovative climate finance solutions and investment products to address capital needs for emerging environmental challenges. CLIFI is led by a team of investment professionals with deep experience in the fields of traditional investment and environmental finance.

About KFA Funds – A KraneShares Company
Krane Funds Advisors, LLC is the investment manager for KFA Funds and KraneShares ETFs. The firm believes that investors should have cost-effective and transparent tools for attaining exposure to a wide variety of asset classes. The KFA Funds product suite delivers differentiated, high-conviction investment strategies to global investors through identifying groundbreaking capital market opportunities and developing them into investment vehicles that offer a source of non-traditional diversification. Krane Funds Advisors, LLC is majority-owned by China International Capital Corporation (CICC).

Important Notes

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting www.kfafunds.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives.

KRBN is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate which may cause the Fund to suffer losses.

KRBN relies on the existence of cap and trade regimes. There is no assurance that cap and trade regimes will continue to exist, or that they will prove to be an effective method of reduction in GHG emissions. Changes in U.S. law and related regulations may impact how the Fund operates, increase Fund costs and/or change the competitive landscape. Funds may underperform other similar funds that do not consider conscious company/ESG guidelines when making investment decisions.

The value of a commodity-linked derivative investment typically is based upon the price movements of a physical commodity and may be affected by changes in overall market movements, volatility of the Index, changes in interest rates, or factors affecting a particular industry or commodity.

Futures and other contracts may have to be liquidated at disadvantageous times or prices to prevent the Fund from exceeding any applicable position limits established by the CFTC.

Investments in non-U.S. instruments may involve risk of loss due to foreign currency fluctuations and political or economic instability. The Fund’s assets are expected to be concentrated in an industry or group of industries to the extent that the Index concentrates in a particular industry or group of industries. KRBN is non-diversified.

Fund shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

The KFA Funds ETFs are distributed by SEI Investments Distribution Company which is not affiliated with Krane Funds Advisors, LLC, or Climate Finance Partners.

All opinions, evaluations, descriptions and statements do not purport to be complete and are subject to change. KFA makes no representation as to the adequacy of information and should not be construed as an endorsement by KFA, its affiliated entities, management, officers, employees and agents. [R_KS_SEI]

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SOURCE Krane Funds Advisors, LLC; Climate Finance Partners

Shares Outstanding: 265,450,634
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Feb. 11, 2021 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) («GoGold», «the Company») is pleased to announce the release of financial results for the quarter ending December 31, 2020 with record revenue of $14.1 million (all amounts are in U.S. dollars) from the sale of 601,551 silver equivalent ounces which provided cash flow from operations of $5.9 million.

«Parral set another quarterly production record which generated $6.7 million US of free cash flow, paying for all of our exploration and general and administrative costs for the second consecutive quarter.  With the strength of our Parral operation, the Company also added cash to our bank account this quarter,» Brad Langille, President and CEO stated.  «With our $56 million US cash balance combined with our Parral operation’s cash flows, we are able to rapidly execute on unlocking shareholder value at Los Ricos by adding to mineral resources and accelerating Los Ricos South towards production.»

Financial Highlights for the quarter ending December 31, 2020:

• Free cash flow from Parral of $6.7 million, total Company cash flow from operations of $5.9 million
• Net income of $4.2 million ($0.016 per share)
• Record revenue of $14.1 million on the sale of 601,551 silver equivalent ounces at a realized price per ounce of $23.40
• Cash of $56.4 million
• All in sustaining costs of $15.19 per silver equivalent ounce
• Cash costs of $12.27 per silver equivalent ounce
• Record production of 614,149 silver equivalent ounces, consisting of 298,591 silver ounces, 3,632 gold ounces, and 125 copper tonnes

Following are tables showing summarized financial information and key performance indicators:

This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended December 31, 2020, notes to the financial statements, and management’s discussion and analysis for the quarter ended December 31, 2020, which have been filed on SEDAR and are available on the Company’s website. 

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a qualified person for the purposes of NI 43-101.

About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico.  The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the «U.S. Securities Act»), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold’s securities in the United States.

This news release may contain «forward-looking information» as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold’s expectations include exploration and development risks associated with the GoGold’s projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, the effects of the global COVID-19 pandemic, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold’s continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold’s Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

Cautionary non-GAAP Measures and Additional GAAP Measures
Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies.

Additional GAAP measures that are presented on the face of the Company’s consolidated statements of comprehensive income include «Operating income (loss)». These measures are intended to provide an indication of the Company’s mine and operating performance. «Cash flow from operating activities before changes in non-cash working capital» is a non-GAAP performance measure that could provide an indication of the Company’s ability to generate cash flows from operations, and is calculated by adding back the change in non-cash working capital to «Net cash used in operating activities» as presented on the Company’s consolidated statements of cash flows. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. «Cash costs per ounce» and «all-in sustaining costs per ounce» as used in this analysis are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, «cash costs per ounce» reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. «Cash costs per ounce» may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. «All-in sustaining costs per ounce» include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated February 10, 2020, for the quarter ended December 31, 2020, as presented on SEDAR.

View original content:http://www.prnewswire.com/news-releases/parral-generates-6-7m-us-of-free-cash-flow-for-quarter-ending-december-31–2020–301226823.html

SOURCE GoGold Resources Inc.