Mining Magazine July 2019 | Page 14

ASCENDANT RESOURCES

“ As we ramped up production , people have reaped the benefits through incentives ”

— Chris Buncic , President , CEO and Co-Founder , Ascendant Resources
14

2006

Year founded

$ 85.6mn Revenue in 2018

1,242

Approximate number of employees cashflow positivity within a year of closing the deal .

Ascendant has approached the project with a ‘ Mining 101 ’ mentality , zeroing in on the basics to ensure any additional developments are built upon strong and efficient foundations . “ We assembled a new management team that has performed consistently over the last two and a half years , and we replaced nearly all of the underground trackless equipment ,” says Buncic . “ Some of the trucks and scoops had been subject to as many
JULY 2019