Century Announces Filing of Second Quarter Financial Results and Management Discussion and Analysis
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THE UNITED STATES OR TO U.S. NEWS AGENCIES
For Immediate Release TSX: CNT
CENTURY ANNOUNCES FILING OF SECOND QUARTER FINANCIAL RESULTS AND
MANAGEMENT DISCUSSION AND ANALYSIS
Toronto, Canada, November 09, 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 second fiscal quarter ended September 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$26.2 million, which included cash, bank deposits and
an investment portfolio of C$15.5 million (not tied to any funding commitment for any project development),
receivables and other current assets of C$11.5 million, and an account payable of C$766K as at September
30, 2017.
We continue to support our large portfolio of quality iron ore assets. Recovery of the iron ore market h as
been clear during the current fiscal year, with iron ore prices experiencing a mini-cycle recovery in July and
August but the price has moderated somewhat towards period end . We are maintaining a market observer
position for our iron ore business while retaining a small, lean mining team ready to rapidly advance our iron
ore projects once a sustained market recovery is evident.
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 b egan. G rowth has been solid, continuous and substantial over seven consecutive 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 companies, as 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 ready for a return to sustained higher
iron ore prices.
Base and Precious Metals investment
Century is monitoring investment and acquisition opportunities in the base and precious metals sector. When
the right opportunity presents itself, our strong balance sheet will allow us to invest or acquire cost effective
assets during the current modest b ase and precious metal price 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 throughout
China. Initial successes include contracts with one of the largest egg prod ucers 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
Jan-Mar
2016
Apr-Jun
2016
Jul-Sep
2016
Oct-Dec
2016
Jan-Mar
2017
Apr-Jun
2017
Jul-Sep
2017
Sales (C$) 87,165 131,255 349,217 419,321 525,631 649,433 720,488
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
C$
Sales Trend, Food Business
globally listed mining and mineral resource companies with a primary focus on gold and copper and their
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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