Sheet Metal Fuel Tanks
Quadra FNX Mining Ltd. (the "Company" or "Quadra FNX") (TSX: QUX ) announces net earnings of $21.7 million or $0.16 per share (basic) for the three months ended June 30, 2010 compared to a loss of $7.3 million or ($0.08) per share (basic) for the three months ended June 30, 2009. Earnings in the quarter benefited from a higher average copper price in the current year, and the increased earnings contributed from the Carlota and Franke Mines, as well as the earnings from the Sudbury operations since May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.). Second quarter adjusted earnings, which exclude the impact of derivative gains, gains and losses on marketable securities and investments, merger costs and related tax adjustments, were $20.6 million or $0.15 per share (basic). Operating cash flow before working capital of $43.4 million or $0.31 per share in the second quarter 2010 compares to $24.4 million or $0.26 per share in the same period of 2009. During the second quarter 2010, Quadra recorded revenues of $169.1 million from the sale of 46.5 million pounds of copper and 28,133 ounces of total precious metals (TPM).
Revenues, cashflows and earnings from the former FNX operations are reported only for the period commencing May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.).
Three months Six months ended ended June June June June Operating and Financial Summary 30, 30, 30, 30, US $ 000s ( except per share data and production data) 2010 2009 2010 2009 ---------------------------------------------------------------------------- Revenues 169,144 100,053 366,636 211,784 Copper produced (million lbs) (4) 54.8 37.5 110.0 90.6 Copper sales (million lbs) (5) 46.5 31.7 94.1 72.1 TPM produced (ounces) (3), (4) 36,870 34,563 77,558 76,627 TPM sales (ounces) (3), (5) 28,133 23,152 52,061 53,410 Adjusted earnings (1) 20,641 10,779 78,046 44,569 Adjusted earnings per share (basic) $ 0.15 $ 0.11 $ 0.65 $ 0.55 Earnings for the period (5) 21,754 (7,328) 77,401 19,327 Basic earnings per share $ 0.16 $ (0.08) $ 0.65 $ 0.24 Diluted earnings per share $ 0.15 $ (0.08) $ 0.64 $ 0.24 Cash flow from operating activities before working capital (2) 43,403 24,426 117,215 64,946 Cash flow from operating activities before working capital - per share $ 0.31 $ 0.26 $ 0.98 $ 0.81 Net changes in non-cash working capital (17,261) (23,838) (33,415) (51,033) Cash flow from operating activities 26,142 588 83,800 13,913 (1) Adjusted earnings is a non-GAAP financial measure and consists of net earnings with adjustments made to exclude derivative losses, gains on marketable securities and the tax impact of these items. See reconciliation of adjusted earnings in section below "Non-GAAP Financial Measures". (2) Cash flow from operations before working capital is a non-GAAP financial measure and consists of cash provided from operating activities less net changes in non-cash working capital. (3) Total precious metal, including gold, platinum and palladium. (4) Metal production from the former FNX operations includes pre-production ore from the Morrison Deposit and is reported for all historical periods, including the period prior to the merger of Quadra and FNX. (5) Revenues, cashflows and earnings from the former FNX operations are reported only for the period commencing May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.).
Paul Blythe, President and CEO of Quadra comments; "In the second quarter of 2010, we successfully completed the merger with FNX Mining Company Inc. and with this transaction, established a new, mid-cap Canadian mining company with considerable financial strength and a diverse asset base. The immediate focus following the merger has been the integration of the two companies and the optimisation of the various projects and operations that are ramping up. Our second quarter financial results, while solid, reflect some of the production issues we experienced in the first half of the year, particularly at our two heap leach operations - the Carlota and Franke mines. As reported in the Press Release dated June 19, 2010, production has been affected at Carlota, by the one in 300 year rain event in January, and at Franke, by equipment availability and recovery issues. There has been good progress at both operations in dealing with these issues and we expect to see continuing improvements in the second half of the year.
Donald Richard Harris was passionate about pitching horseshoes and was inducted into the Missouri Horseshoe Pitchers Association Hall of Fame. He also helped organize area tournaments.
Harris was born and raised in the rural community of Paradise in Clay County. He attended a one-room country schoolhouse until the eighth grade. His sister, Ailene Harris, said they walked more than two miles to school and seldom missed a day.
Relatives said they think Harris dropped out of school about 1938 and went to work at the CCC Camp (Civilian Conservation Corps) in Idaho to help his family make ends meet during the Great Depression, his sister said.
Harris enlisted in the U.S. Army in November 1942 and served in the 491st Port Battalion. He was sent overseas in July 1943 and spent 27 months in New Guinea and three months in Manila. Harris was promoted to staff sergeant.
Tribute | Donald Richard Harris was the horseshoe pitcher from Paradise - Kansas City Star
11.00 , -0.55 , -4.76% ) announces net earnings of $21.7 million or $0.16 per share (basic) for the three months ended June 30, 2010 compared to a loss of $7.3 million or ($0.08) per share (basic) for the three months ended June 30, 2009. Earnings in the quarter benefited from a higher average copper price in the current year, and the increased earnings contributed from the Carlota and Franke Mines, as well as the earnings from the Sudbury operations since May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.). Second quarter adjusted earnings, which exclude the impact of derivative gains, gains and losses on marketable securities and investments, merger costs and related tax adjustments, were $20.6 million or $0.15 per share (basic). Operating cash flow before working capital of $43.4 million or $0.31 per share in the second quarter 2010 compares to $24.4 million or $0.26 per share in the same period of 2009. During the second quarter 2010, Quadra recorded revenues of $169.1 million from the sale of 46.5 million pounds of copper and 28,133 ounces of total precious metals (TPM).
Revenues, cashflows and earnings from the former FNX operations are reported only for the period commencing May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.).
Three months Six months ended ended June June June June Operating and Financial Summary 30, 30, 30, 30, US $ 000s ( except per share data and production data) 2010 2009 2010 2009 ---------------------------------------------------------------------------- Revenues 169,144 100,053 366,636 211,784 Copper produced (million lbs) (4) 54.8 37.5 110.0 90.6 Copper sales (million lbs) (5) 46.5 31.7 94.1 72.1 TPM produced (ounces) (3), (4) 36,870 34,563 77,558 76,627 TPM sales (ounces) (3), (5) 28,133 23,152 52,061 53,410 Adjusted earnings (1) 20,641 10,779 78,046 44,569 Adjusted earnings per share (basic) $ 0.15 $ 0.11 $ 0.65 $ 0.55 Earnings for the period (5) 21,754 (7,328) 77,401 19,327 Basic earnings per share $ 0.16 $ (0.08) $ 0.65 $ 0.24 Diluted earnings per share $ 0.15 $ (0.08) $ 0.64 $ 0.24 Cash flow from operating activities before working capital (2) 43,403 24,426 117,215 64,946 Cash flow from operating activities before working capital - per share $ 0.31 $ 0.26 $ 0.98 $ 0.81 Net changes in non-cash working capital (17,261) (23,838) (33,415) (51,033) Cash flow from operating activities 26,142 588 83,800 13,913 (1) Adjusted earnings is a non-GAAP financial measure and consists of net earnings with adjustments made to exclude derivative losses, gains on marketable securities and the tax impact of these items. See reconciliation of adjusted earnings in section below "Non-GAAP Financial Measures". (2) Cash flow from operations before working capital is a non-GAAP financial measure and consists of cash provided from operating activities less net changes in non-cash working capital. (3) Total precious metal, including gold, platinum and palladium. (4) Metal production from the former FNX operations includes pre-production ore from the Morrison Deposit and is reported for all historical periods, including the period prior to the merger of Quadra and FNX. (5) Revenues, cashflows and earnings from the former FNX operations are reported only for the period commencing May 21, 2010 (the date after the closing of the merger with FNX Mining Ltd.).
Paul Blythe, President and CEO of Quadra comments; "In the second quarter of 2010, we successfully completed the merger with FNX Mining Company Inc. and with this transaction, established a new, mid-cap Canadian mining company with considerable financial strength and a diverse asset base. The immediate focus following the merger has been the integration of the two companies and the optimisation of the various projects and operations that are ramping up. Our second quarter financial results, while solid, reflect some of the production issues we experienced in the first half of the year, particularly at our two heap leach operations - the Carlota and Franke mines. As reported in the Press Release dated June 19, 2010, production has been affected at Carlota, by the one in 300 year rain event in January, and at Franke, by equipment availability and recovery issues. There has been good progress at both operations in dealing with these issues and we expect to see continuing improvements in the second half of the year.
Quadra FNX Mining Ltd. Announces 2010 Second Quarter Financial Results - MarketWatch (press release)
You've seen the movies where a guy wearing a Secret Service-style earpiece is outside of a warehouse guarding a huge steel door and then some guy says the ultra classified password and gains access, only to find the interior of the building to be the ultimate party. Girls dancing, drinks flowing, and good times rolling-it's a beautiful thing and in this story Eder Calvillo is the VIP with a platinum card. You see, when he called around to order a set of wheels for his Hummer H2 SUT, the velvet ropes weren't opening at all, but like the valedictorian asking out the cheerleading captain, Eder's last phone call to Intro wheels made his dreams come true. His H2 was going to be the first, and only, ride on the planet with billet 28-inch eight-lug wheels. Get the bottles poppin'.
Eder works hard as an electrician, he's not some slacker who happened to win the lottery, and when it came time to build a cool ride to cruise around his hometown of Houston, he picked up an H2 SUT. Wanting his first custom ride to really stand out in arguably the custom truck capital, he didn't waste any time creating a carte blanche-deserving VIP room on wheels. Starting with the H2's hefty suspension, Eder and his buddies Justin Brill and John Juarez got to work making the Hummer slightly lower than stock.
Up front, McGaughy's 2-inch drop spindles were bolted to fabricated upper and lower control arms, the front CV axles were removed, and Slam Specialies 2600 'bags bolted on. In the rear, the trio of friends created a 2x4-inch rectangular back half and then bolted a two-link to the axle with another pair of Slam 'bags. Half-inch lines and valves keep air moving quickly and two Viair 480 compressors fill the five-gallon tank with ease. Much of the suspension was chromed for extra style points and the rear axle was shortened in anticipation of the monster wheels. A slammed suspension is cool, but if the paparrazi's flashbulbs were to go off at clubs, Eder needed some body mods and paint to grab the headlines.
Arriving at Built 2 Drag (B2D) Customs, in Houston, Eder asked for a full exterior makeover and then left the H2 in their capable hands. B2D got busy shaving the front bumper and fusing sheetmetal to it for a streamlined look, and they also converted the factory suicide hood to a front-opening hood. The rear bumper was shaved, rebuilt, and then molded into the body with a cutout for the fuel cell. With the body ready for paint, Chris Gilbert, from Ekstensive Metalworks, applied the PPG Midnight Sapphire Blue top-half, sprayed the House of Kolor True Blue lower section, and airbrushed the silver dividing graphics. An Asanti mesh grille and side vents capped off the front end and painted side bars helped hide what section of frame remained visible. Under the hood, a sheetmetal intake cover was built and airbrushed, and a chromed cool-air intake keeps the 6.0L happy. Not quite ready for the red carpet, Eder took his truck to Cartronix, also in Houston, for some car audio rehab.
Hummer H2 SUT - H28 World's Only Set Of 28-Inch Billet Wheels - Truckin Magazine
A lot of custom motorcycles look alike. The details and paint jobs may differ, but the general aesthetic rarely does. There are some builders who defy this, like Shinya Kimura, and their work always prompts a debate over what is, and isn’t, a motorcycle.
The Southern California artist is a motorcyclist from way back, and this is the third custom he’s built. The others were more mainstream, if a cool replica of a Whizzer can be called mainstream. Not so with this machine, which was once an Aprilia Futura .
The Southern California artist is a motorcyclist from way back, and this is the third custom he’s built. The others were more mainstream, if a cool replica of a Whizzer can be called mainstream. Not so with this machine, which was once an Aprilia Futura . “I wanted to totally change the ergonomics and stale configuration of what we all recognize as a ‘bike,’” Dugally says.
Project Somma 2010 was inspired by a visit to Naples, Italy, where Dugally hiked to the rim of Mount Vesuvius and the lost city of Pompeii. Vesuvius has a distinctive double hump and a caldera formed by the collapse of an older peak called Somma. Dugally says much of his work as an artist is inspired by decay.
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