Century Announces Filing of First Quarter Financial Results and Management Discussion and Analysis
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For Immediate Release TSX: CNT
CENTURY ANNOUNCES FILING OF FIRST QUARTER FINANCIAL RESULTS AND
MANAGEMENT DISCUSSION AND ANALYSIS
Toronto, Canada, August 10, 2017 – Century Global Commodities Corporation (“Century” or the “Company”)
is pleased to announce that it has filed its condensed consolidated interim financial statements for the first
fiscal quarter ended June 30, 2017 and the related management discussion and analysis (“MD&A”). Copies of
these documents are available under Century’s SEDAR profile at www.sedar.com and will be posted on
Century’s website at www.centuryglobal.ca.
The Company reported substantial working capital of C$27.32 million, which included cash, bank deposits and
an investment portfolio of C$16.8 million (not tied to any funding commitment for any project development),
a net receivable of C$10.3 million, and an accounts payable of C$785K as at June 30, 2017.
We continue to support our large portfolio of quality iron ore assets. Recovery of the iron ore markets h as
been strong during the current fiscal year, with iron ore prices experiencing a mini-cycle recovery in July and
August. However, we are watching the sustainability of the upward pricing trend and retaining our market
observer position for our iron ore business while maintaining a small, lean mining team ready to advance our
projects rapidly when the market recovers adequately.
Regarding our quality food business, we have successfully established a marketing and distribution network
covering some strong international brands . This has attracted more international suppliers, offering us
increased product opportunities that should form the basis of continued growth.
The following table shows the rapid growth of our food business since the beginning of calendar year 2016,
when sales began . G rowth has been solid, continuous and substantial over six co nsecutive quarters.
Continued growth is expected as our customer base and product sourcing continue to expand.
About Century
Century Global Commodities Corporation (TSX:CNT) is building shareholder value through existing and
entrepreneurial business units that meet continuing and growing demand from China, the largest market in
human history.
Iron Ore
With WISCO and Minmetals, both Global Fortune 500 Chinese strategic partners, Century owns one of the
largest iron ore mineral resource bases in the world, across five projects in Quebec and Newfoundland and
Labrador. Joyce Lake, a direct shipping ore project in Newfoundland and Labrador, is our most advanced
project. It has completed feasibility and permitting studies and can be brought to production within
approximately 30 months. We are maintaining our properties in preparation for a return to higher iron ore
prices.
Base and Precious Metals investment
Century is monitoring investment and acquisition opportunities. When the right opportunity presents itself,
our strong balance sheet will allow us to invest or acquire undervalued assets during the current down-cycle,
positioning ourselves for gains when the market improves.
Quality Food Services
Quality food products sourced from advanced countries are in great demand from the quickly-growing middle
class in China. The emphasis is on the need for safe, high -quality food products. Century has established a
professional marketing team and built a distribution system to serve Hong Kong and eventually th roughout
China. Initial successes include contracts with one of the largest egg producers in Australia and supply
contracts with hotels, restaurants, grocery chains as well as an international airline.
Business Development
Century’s award -winning team has harnessed multidisciplinary expertise to build a proprietary bilingual
Chinese/English mining investment evaluation and tracking system. The database tracks daily over 1,500
globally listed mining and mineral resource companies with a primary focus on gol d and copper and their
Jan-Mar
2016
Apr-Jun
2016
Jul-Sep
2016
Oct-Dec
2016
Jan-Mar
2017
Apr-Jun
2017
Sales (C$) 87,165 131,255 349,217 419,321 525,631 649,433
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000C$
Sales Trend, Food Business
3,000 projects. We are now commercializing the technology for use by retail and institutional investors as
well as mining professionals worldwide. Century Mining Database can be accessed via
www.centurymining.cn.
Century’s website is www.centuryglobal.ca.
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188, ext. 109
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