Pacific Coal Resources Ltd. Announces 2015 Third Quarter Financial Results
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
- Extracted
- 2026-09-13 19:31:30 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Pacific Coal Resources Ltd. reported its Q3 2015 financial results, characterized by a sharp decline in coal production and sales compared to previous periods. The company faced operational challenges, including a suspension of activities at the Cerro Largo mine and contract disputes at La Caypa, resulting in an operating loss.
Reasoning: The company reported a significant decline in production and revenue, alongside operating losses and regulatory/environmental setbacks at its key mines.
Positive factors
- Reduction in G&A expenses
- Negotiations for underground mining development at La Caypa
Negative factors
- Significant decrease in coal production and sales
- Operating loss and negative EBITDA
- Suspension of coal exploitation activities at Cerro Largo due to environmental issues
- Termination of coal exploitation contract notice at La Caypa
Facts used in scoring: 2
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1La Caypa and Cerro Largo · coalIntercept: 100480 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- La Caypa and Cerro Largo
- Commodity
- coal
- Region
- colombia
- Reported Region
- colombia
- Ticker
- PAK
Geometry
- Intercept
- 100480 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-12-15T00:00:00.000Z
Reasoning: Production of 100,480 tonnes is a 65% decrease compared to Q3 2014.
Negative factors
- Significant year-on-year production decrease
Evidence · text
“The Company produced 100,480 tonnes of coal in the third quarter of 2015, which represents... a decrease of 65% compared to third quarter of 2014”
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 2La Caypa and Cerro Largo · coalIntercept: 176520 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- La Caypa and Cerro Largo
- Commodity
- coal
- Region
- colombia
- Reported Region
- colombia
- Ticker
- PAK
Geometry
- Intercept
- 176520 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-12-15T00:00:00.000Z
Reasoning: Sales volume decreased significantly due to JOA executions.
Negative factors
- Decrease in tonnes sold
Evidence · text
“sale of 176,520 tonnes of coal”
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.