Pacific Coal Resources Ltd. Announces 2015 Second Quarter Financial Results and Operational Update
Original announcement by tmx on
- Company
- Pacific Coal Resources Ltd.
- Ticker
- PAK
- Exchange
- TSX
- Region
- Colombia
- Primary commodity
- Coal
- Secondary commodities
- None reported
- Document categories
- Drill results, Production, Agreement transaction
- Extracted
- 2026-09-13 19:32:02 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Pacific Coal Resources reported a net loss of $7.15 million for Q2 2015, driven by lower coal sales and declining realized prices. Despite the financial downturn, the company entered a debt restructuring agreement with Masering and is negotiating the potential purchase of the Cerro Largo mine.
Reasoning: The company reported a significant net loss and declining revenues/prices, though it successfully restructured its largest debt and is pursuing strategic asset acquisitions.
Positive factors
- debt restructuring agreement with Masering
- reduction in G&A expenses
- potential purchase of Cerro Largo mine
Negative factors
- significant net loss for the quarter
- deterioration of international coal market
- decrease in coal sales and realized price
- operating margin turned negative
Facts used in scoring: 2
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The company's value is tied to its specific coal assets in Colombia (La Caypa and Cerro Largo).
Evidence · text
“engaged in the acquisition, exploration and production of coal and coal-related assets from properties located in Colombia.”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1coalIntercept: 238241 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Commodity
- coal
- Region
- colombia
- Reported Region
- colombia
- Ticker
- PAK
Geometry
- Intercept
- 238241 m
Classification
- Program
- other
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-08-31T00:00:00.000Z
Reasoning: Production volume is down year-over-year but shows slight sequential growth.
Positive factors
- 7% increase compared to Q1 2015
Negative factors
- lower than Q2 2014 and Q2 2013 levels
Evidence · text
“The Company produced 238,241 tonnes of coal in the second quarter of 2015”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2coalGrade: 68.3Grade Unit: $Needs review: drill_no_hole_idView all detailsHide details
Identity
- Commodity
- coal
- Region
- colombia
- Reported Region
- colombia
- Ticker
- PAK
Geometry
- Grade
- 68.3
- Grade Unit
- $
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-08-31T00:00:00.000Z
Reasoning: Realized price has dropped significantly due to international market conditions.
Negative factors
- significant decrease from $95.39 in Q2 2014
Evidence · text
“average realized price of $68.30 per tonne”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.