Input Capital Corp. Reports Streaming Operating Results for the Third Quarter Ended December 31, 2015; Provides Streaming Operating Guidance for the Fiscal Year 2016
January 12, 2016 at 02:36 am IST
Input Capital Corp. reported streaming operating results for the third quarter ended December 31, 2015. The company sold a quarterly record of 31,296 metric tonnes of canola equivalent volume from streaming during the quarter at an average price of $490 per MT, for quarterly streaming revenue of $15.3 million. The streaming sales volume of 31,296 MT compares with 8,182 MT during the same period last year, for an increase of 282% year over year. On a trailing twelve month (TTM) basis, Input's streaming sales volume is up 202% this year over last year at the same time.
For fiscal year 2016, the company expects streaming tonnes of 65,000 and total active canola reserves of 253,000 MT.