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Global Telehealth Market 2018-2022 – Market to Grow at a CAGR of 25.13% – ResearchAndMarkets.com

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The “Global Telehealth Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The Global Telehealth Market to grow at a CAGR of 25.13% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the telehealth market. Telehealth is the use of technology to deliver healthcare, health information, and health education across wide geographical distances. The technologies in telehealth include videoconferencing, store, and mobile health. The report also includes a discussion of the key vendors operating in this market.

The increasing HIT programs will be one of the major trends that will impact the market growth. HIT programs enable health information management, which includes compiling, storing, analysing, and sharing of health information, across computerized systems, and between physicians, patients, and insurance companies.

According to the report, one driver influencing this market is the prevalence of chronic illnesses. Chronic illnesses are on the rise due to poor lifestyle choices including smoking, over consumption of alcohol, and chronic stress. Patients with chronic illnesses are increasingly using telehealth products and services like glucose monitors, video communications, and store-and-forward consultations to manage their health conditions.

Further, the report states that one challenge affecting this market is the lack of technical training and equipment. Technology is an important component of telehealth; broadband internet, imaging technology devices, software, and hardware are required for the telehealth platform.

Key vendors

  • Cisco Systems
  • General Electric
  • Honeywell International
  • InTouch Technologies
  • Koninklijke Philips
  • Medtronic

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY COMPONENT

  • Segmentation by component
  • Comparison by component
  • Services
  • Software
  • Hardware
  • Market opportunity by component

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/nklswm/global_telehealth?w=4

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
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E.S.T Office Hours Call 1-917-300-0470
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Topics: E-Healthcare

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Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020

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VANCOUVER, BC, Jan. 18 , 2021 /PRNewswire/ – Northern Vertex Mining Corp. (TSXV: NEE) (OTC Nasdaq Intl.: NHVCF) (the “Company” or “Northern Vertex”) is pleased to announce revenue of $23.4 million and production of 12,401 gold equivalent ounces for the quarter ended December 31, 2020 from the Company's 100% owned Moss Gold Mine in NW Arizona.  Gold equivalent production is calculated at realized gold and silver prices for the quarter of $1,888 and $24.66 respectively. All figures are US dollars unless otherwise noted.

Highlights for the quarter ending December 31, 2020:

  • Revenue of $23.4 million
  • Gold equivalent production of 12,401 ounces
  • Gold production 11,124 ounces
  • Silver production of 95,804 ounces
  • Repayment of $8.5 million of debt
  • $8.3 million cash on hand at December 31st, 2020

Ken Berry, President and CEO commented, “I am delighted to report continued robust production in a strong gold market.  In the last six months, we have generated $50.2 million in revenue on the production of 27.1 gold equivalent ounces. The exemplary performance of our operating team this quarter allowed us to maintain strong production and revenue levels while executing the transition from mining the center pit to pioneering and operating the west pit. With a strong balance sheet, an aggressive exploration program and 3 drill rigs onsite, I look forward to updating our shareholders with our upcoming drill results.”

Operating Results for the Quarter Ended December 31, 2020:

Three Months Ended
Dec 31, 2020

Three Months Ended
Dec 31, 2019

Ore mined

tonnes

570,742

521,818

Grade

g/t

0.53

0.75

Tonnes stacked per day (average)

tpd

6,810

5,399

Contained gold ounces stacked

Oz

11,073

12,043

Gold ounces sold

Oz

11,760

9,925

Silver ounces sold

Oz

147,109

61,183

Gold equivalent ounces sold*

Oz

13,721

10,740

*Note: Gold equivalent ratio of 75:1.

Mine Plan Sequencing from center pit to west pit
During the quarter, mining operations transitioned from the centre pit into the west pit, where bulk disseminated stockworks dominate.  This transition enabled higher tonnage mining rates and more favourable strip ratios that are expected to lead to lower costs and lower cut-off grades as compared to the narrow-vein mining previously conducted in the centre-pit.

Cash Position
The Company's cash position of $8.3 million at December 31, 2020 is expected to be augmented by the C$22.6 million financing announced by Northern Vertex and Eclipse Gold in connection with the merger of Northern Vertex and Eclipse Gold (see press release dated January 14, 2021).  Subject to the satisfaction of certain conditions, the merger between Northern Vertex and Eclipse Gold is expected to close on February 12, 2021.

Debenture Payment
The Company also announces that under the terms of the convertible debentures issued under the convertible debenture indenture dated July 31, 2020 (the “Indenture”) between the Company and Computershare Trust Company of Canada, it has elected to satisfy its obligation to pay an aggregate of C$140,250 in interest accrued on the C$6.71 million convertible debentures by issuing to such debenture holders on the interest payment date of December 31, 2020 an aggregate of 269,712 common shares.

The Company will pay to each such debenture holder approximately 4.02 common shares per $100 principal amount of debentures held as at the applicable interest payment record date. Under the terms of the Indenture, no fractional common shares will be delivered upon payment of the interest obligation and the Company is not required to pay the cash equivalent of any amount less than $5.00. The issuance of common shares in payment of interest remains subject to Exchange approval.

Safety/COVID-19
The Company's policies have been recently modified, with new procedures put in place during the second fiscal quarter due to an onset of a number of COVID-19 cases among our team members.  Despite health concerns, our team was able overcome localized challenges and maintain full gold production at the Moss Mine. As at December 31, 2020, we have seen the benefits of our upgraded procedures and the Moss Mine had no known cases of COVID-19.

About Northern Vertex Mining Corp.
Northern Vertex Mining Corp. owns and operates the Moss Mine, currently the largest primary gold and silver mine in Arizona.  Focused on low cost gold and silver production, the Company has experience across all areas of operations, mine development, exploration, acquisitions, and financing of mining projects. The Company intends to consolidate additional producing or value-adding gold assets within the Western US.  Through mergers and acquisitions Northern Vertex's corporate goal is to become a mid-tier gold producer.

ON BEHALF OF THE BOARD OF NORTHERN VERTEX
“Kenneth Berry”
President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:
This news release contains statements about our future business and planned activities. These are “forward-looking” because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as scheduled, may, intend, plan, expect, anticipate, believe or other similar words. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.  US investors should be aware that mining terminology used for Canadian mineral project reporting purposes differs significantly from US terminology.         

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12-401-gold-equivalent-ounces-for-quarter-ending-december-31–2020–301209886.html

SOURCE Northern Vertex Mining Corp.

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Trillium Gold Further Consolidates Confederation Lake Greenstone Belt, increases Larder Lake land holdings and adds Quebec Assets

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  • Consolidates an additional 7,939 hectares in the Confederation Lake and Birch-Uchi Greenstone Belts of the Red Lake District
  • Acquires highly prospective Larder Lake Property including extension of the Kirkland Lake Fault amid neighbours Agnico Eagle Mines and New Found Gold
  • Adds three Quebec properties in very active exploration camps

VANCOUVER, BC, Jan. 18, 2021 /PRNewswire/ – Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) (“Trillium” or the “Company”) is excited to announce that it has completed additional acquisitions of highly prospective property in the Confederation Lake and Birch-Uchi greenstone belts in the Red Lake District as well as properties in Larder Lake, Ontario and in the Matagami and Chibougamou areas of Quebec.

Russell Starr, CEO of Trillium Gold comments “The Trillium team is committed to building district-scale opportunities for TGM shareholders. We have grown substantially in a short period of time and now the exciting period for all shareholders begins – the drilling and discovery phase.

With a robust treasury, a 35,000 meter drill program and exceptional green field exploration potential, Trillium Gold is positioned to be a dominant player in the world-class Red Lake gold district which will be the main driver for shareholder value.

In addition, the extension of our asset base into the Larder Lake gold camp includes a 12 km strike length along the eastern extension of the highly mineralized Kirkland Lake Fault, and into Quebec where our Fenelon property is situated approximately 65 km southeast of Detour Lake and within 7 km south of BHP's historic Selbaie Mine, one of the largest producers of zinc, copper, gold and silver concentrates in the late 1990's.  The Jamesie Property located less than 20 km due south of Matagami and 160 km north of Val d'Or where Glencore holds a large property east and north, is also contiguous to Eldorado Gold's property to the west and displays the same structures and geology. These new acquisitions have seen limited exploration and represent considerable potential for future shareholder value.”

Confederation Belt Properties:

Karas Lake

The Karas Lake property comprises 5 claims covering 2,222 hectares in the Confederation Lake greenstone belt.

Regional scale mapping indicates that the core of the property is underlain by a sequence of northeast trending metavolcanic rocks, primarily consisting of mafic flows, with lesser amounts of felsic pyroclastic rocks and metasediments occurring along the southeast property boundary. The metavolcanic sequence is flanked by the Bruce Lake Stock to the northwest and the Bluffy Lake Batholith to the southeast.

The property is located on a flexure in the regional-scale Sydney Lake Fault, which cuts the lithologies near the contact of the Bluffy Lake batholith and metavolcanic rocks.

Along strike immediately east of the property boundary, shallow diamond drilling by Selco in the late 1970's intersected several narrow conductive horizons containing 10-20% sulphide mineralization (pyrite/pyrrhotite). Immediately west of the property, Ontario Geological Survey (OGS) maps show an iron formation in the mafic volcanic unit trending onto the property that has been mapped over a 3.5 km strike length.

No previous exploration work has been documented on the Karas property and exploration on adjacent properties has been focused on iron and base metal-style mineralization. Based on regional-scale geological features, Trillium's exploration efforts on the Karas Lake property will seek to identify (Au) targets, with a focus on LP Fault-style and Musselwhite-style mineralization.

Figure 1: Newly acquired properties in the Confederation and Birch-Uchi greenstone belts, major structures and mineral occurrences. (CNW Group/Trillium Gold Mines Inc.)

Gerry Lake

Trillium further consolidated its land position in the Confederation Belt with the acquisition of the Gerry Lake property (2 claims covering 836 hectares), which forms a bridge between their recently acquired Joy and Copperlode properties. The Confederation Belt properties are underlain by metavolcanic rocks with intense volcanogenic massive sulphide-style (VMS) alteration and are host to numerous mineralized VMS zones on two parallel horizons (see Trillium Gold Mines News Release, Nov 23, 2020).

Birch-Uchi Properties:

The discovery of gold at Red Lake in 1926 precipitated approximately 10 years of extensive prospecting activity in the Birch-Uchi greenstone belt, which led to the discovery of numerous showings and several mines. Exploration activity has continued intermittently at moderate to high levels over the past 100 years. Despite the volume of work conducted, the advancement of exploration technologies and mineralization models continue to yield exciting new discoveries in the belt, such as Prosper Gold's Golden Corridor, which lies 25 km west of the Satterly Lake property.

Satterly Lake

The Satterly Lake property is located approximately 90 km east of Red Lake. It comprises 8 contiguous claims (3,049 ha) underlain by felsic metavolcanic and coarse clastic metasedimentary rocks of the Birch-Uchi greenstone belt. The highly prospective Grace Lake Deformation Zone transects the southwest portion of the property. This D2 shear zone is interpreted as a splay off the northeast trending Swain Lake Deformation Zone, both of which host numerous gold occurrences to the west of the property.

The Satterly Lake property is relatively unexplored, but several mineral occurrences documented on adjacent properties have potential to extend along strike onto the property. Located only 1.5 km off the western boundary, the Sol D'Or Mine produced 256 ounces of gold and 33 ounces of silver (Ag) between 1933 and 1936 from 232 tonnes of ore grading 19.2 grams per tonne (g/t) Au (458 tons at 0.56 ounces per ton (opt) Au). Ore zones were described as east-trending mineralized quartz veins in felsic tuffs. According to historical government records, the estimated reserves on the property in 1936 were 7,770 tonnes at 19.5 g/t Au (8,565 tons @ 0.57 opt Au) (OGS Open File Report 5835, 1989) – the Qualified Person has not done sufficient work to classify this historical estimate as a current resource. The company is not treating the historical estimate as a current resource.

The Hanson gold occurrence, discovered in 1947, is located 1 km north of the property. The best historical results reported were 6.2 g/t Au over a 1.5m drill intercept in mineralized diorite and 18.5 g/t Au from a grab sample. Just 500m further north, the Loydex copper-zinc occurrence was discovered by Noranda in 1985. Diamond drilling intersected multiple zones in a quartz-diorite intrusive with alteration and indicator mineralization commonly associated with gold including narrow chlorite and carbonate altered shear zones with up to 2% sulphide minerals (pyrrhotite, pyrite), silicified zones with 10% disseminated pyrite, 2m wide zones containing 20-30% quartz-carbonate veinlets having 5-10% pyrite, pyrrhotite, magnetite, and tourmaline along the margins; arsenopyrite veinlets, and an 8m wide zone with strong sericitization. No assay results were reported from this drilling.

To the east of the Satterly Lake property lies Falcon Gold's Springpole West property, where in 1979 Sherritt Gordon Mines Ltd. intersected 19.40 g/t Au over 30cm in a diamond drill hole within a gold-bearing, silicified, property-wide fault zone hosted in a quartz vein-stockwork system. Massive sulphide pods were also encountered along the fault zone with significant zinc, silver, and gold values.

Swain Lake

The 46 claim 1,832 hectare Swain Lake property is located 8 km northwest of First Mining's Springpole Lake property, which is reported as one of the largest undeveloped gold projects in Canada. First Mining's Preliminary Economic Assessment (“PEA”), completed in November 2019, reported an Indicated Resource of 4,670,000 ounces of Au and 24,190,000 ounces of Ag from 139.1 Mt of ore grading 1.04 g/t Au and 5.4 g/t Ag, as well as an Inferred Resource of 11.4 million tonnes averaging 0.63 g/t Au and 3.1 g/t Ag, containing 230,000 ounces of Au and 1,120,000 ounces of Ag.

The Swain Lake property encompasses a nine-kilometre stretch of the Swain Lake Deformation Zone (SLDF), over a gentle flexure point where the strike changes from a northeast trend to more easterly. Numerous gold occurrences are documented along the strike of this regional-scale structure.

To the north of the SLDF, the property is underlain by mafic-intermediate metavolcanic rocks and gabbro. To the south lie felsic metavolcanic rocks that strike northeast and dip subvertically. Proximal to the SLDF, intense strain and deformation produce a gossaneous quartz-sericite-ankerite-pyrite schist with associated fracture zones commonly filled with quartz-ankerite-(tourmaline) veining and trace to 5% disseminated pyrite.

Mineral exploration conducted on the property in the 1970s and 1990s included mapping, geochemical sampling, trenching and 2 diamond drill holes totalling approximately 400m in depth. Although no economic mineralization was identified from the earlier programs, structural, alteration and mineralogical indicators suggest further investigation is warranted.

Other notable mineral deposits/occurrences within a six-kilometre radius of the Swain Lake property include:

  • The Argosy Mine: milled 250,900 Mt of ore grading 12.63 g/t to produce 101,875 ounces of gold between 1934 to 1952
  • Richardson Lake: reported to have produced 1126 ounces oz Au and 102 oz Ag from 577 tonnes grading 60.7 g/t Au. An unclassified historical resource of 635,000 tonnes grading 6.86 g/t was calculated by Golden Terrace Resources Corp and published in the Northern Miner; June 20, 1988
  • The MacIntyre Mine:  reported to have produced 23 ounces of gold in 1934-35 from gold-bearing quartz-tourmaline veins accompanied by arsenopyrite, pyrite and chalcopyrite along shears in mafic to intermediate volcanic rocks
  • First Mining's Horseshoe Island prospect: a historical unclassified resource of 810,500 t grading 4.8 g/t Au (OGS MDI record 52N08NW00020)

Larder Lake

Larder Lake Property

The Larder Lake Property (14 claims covering 4,630 hectares in 2 separate blocks) covers favourable fault structures within the Larder Lake gold camp, including a 12 km strike length along the easterly trending Misema-Mist Lake Fault, an eastern extension of the highly mineralized Kirkland Lake Fault, plus two N-NW trending cross structures, totalling an additional 4 km in length. The property's eastern boundary is also the OntarioQuebec provincial boundary.

The southern property boundary encompasses the easterly and westerly extensions of the Ossian Prospect. Historical work between 1924 to 1938 includes trenching, diamond drilling and sinking of a two-compartment exploration shaft to 64m (210 ft) depth and 240m (800 ft) of development on 2 levels. The prospect was described as an east-trending quartz vein containing sericite, calcite and pyrite traced over 120m in a felsic porphyry host rock. This vein returned assays up to 21.5 g/t Au over 1.23m (0.63 opt over 4 feet) from channel sampling.

Figure 2: Newly acquired Larder Lake Project in the Larder Lake district showing relationship to the Shining Tree project, major structures and mineral occurrences. (CNW Group/Trillium Gold Mines Inc.)

Most of the previous exploration work on the Larder Lake property focussed on tracing the Ossian Prospect mineralization to the east. A 1996 reverse circulation drill program completed by Silver Century Explorations Ltd., indicated slightly elevated pristine and modified gold grain counts from 2 holes in the southeast portion of the property, suggesting a proximal to intermediate source of gold. Follow up work in 1997 included ground geophysical surveys, geological mapping/sampling and diamond drilling. One diamond drill hole testing an IP anomaly was completed on Trillium Gold's current property. Gold mineralization was not encountered in this drill hole.

The Walsh Mine prospect (Newfound Gold) is located 3 km south of the property.  The primary mineralized zone is described as NE-striking quartz-ankerite veins traced 400m along strike and up to 1.5m width, containing pyrite, chalcopyrite, specularite, and galena.  In 1924, a two-compartment shaft was sunk to a depth of 157m with lateral development on 4 levels. Two bulk samples collected in 1933 assayed 3.77 g/t Au (0.11 opt) and 64.1 g/t Au (1.87 opt), respectively. One of the better results of diamond drilling by Canper Resources Inc. in 1986 was 47.29 g/t Au over 2.5 feet.

Quebec

Figure 3: Newly acquired Larder Lake, Jamsie, SW Fenelon and Opawica claim blocks in northeastern Ontario and northwestern Quebec with major population centres and highways (CNW Group/Trillium Gold Mines Inc.)

Figure 4: Newly acquired Larder Lake, Jamesie, SW Fenelon and Opawica claim blocks in northeastern Ontario and northwestern Quebec with mineral occurrences and major highways. (CNW Group/Trillium Gold Mines Inc.)

SW Fenelon

The 25 claim SW Fenelon property (3,459 ha) is 140 km NNW of Amos, Quebec, and 65 km SE of Detour Lake. Soquem is contiguous to the north claim boundary, Wallbridge Mining and Midland Exploration are due west of the property, and Yourbeau Exploration is to the east. The property is located less then 7km south of the historic Selbaie Mine. The  Selbaie Mine,  owned by BHPBilliton, was closed in January 2004. Selbaie was discovered in 1974 as a result of drilling on an electromagnetic anomaly identified in an airborne Input survey flown in 1971. It was one of the largest producers of zinc, copper, gold and silver concentrates in Québec and by the end of 1996, underground operations in the A2 and B had mined 7.0 million tonnes of ore, and open pit operations in the A1 zone had mined 23.8 million tonnes of ore. Average grades were 2.02% zinc, 1.22% copper, 0.65 g/t gold, and 43.24 g/t silver. Limited exploration has been completed on the property.

Figure 5: The recently acquired Fenelon Property relative to the greenstone belts, mineral occurrences and major faults. (CNW Group/Trillium Gold Mines Inc.)

Jamesie

The Jamesie Property covers 4,062 ha in 73 claims and is less than 20 km due south of Matagami, and 160 km north of Val d'Or, Quebec, straddling Provincial Hwy 109. Glencore PLC holds a large property east and north of the Jamesie Property, extending to Matagami. Eldorado Gold is contiguous to the west and Midlands Exploration is contiguous to the south. 

The property has seen limited exploration historically. Eldorado Gold's property to the west covers nearly 50km of strike length with the same structures and geology as the Jamesie Property.

Figure 6: The recently acquired Jamesie Property relative to the greenstone belts, mineral occurrences and major faults. (CNW Group/Trillium Gold Mines Inc.)

Figure 7: The recently acquired SW Fenelon and Jamesie properties relative to major structures and water bodies (CNW Group/Trillium Gold Mines Inc.)

Opawica

The Opawica Property (33 claims, 3,677 ha) is 67 km southwest of Chibougamau and 32 km south of Chapais in Quebec. The primary neighbour of the property is BTM Corporation, which controls a large land package between the Opawica Property and IAMGOLD's Monster Lake Deposit. There is very limited exploration either on the property or along strike.

Figure 8: The recently acquired Opiwica Property relative to the greenstone belts, mineral occurrences and major faults. (CNW Group/Trillium Gold Mines Inc.)

Figure 9: The recently acquired Opiwica Property relative to major structures and water bodies. (CNW Group/Trillium Gold Mines Inc.)

The Company entered into an option agreement with the vendors, pursuant to this option agreement the Company has been granted an option to acquire the properties. In order to acquire all of the properties under the option agreement, the Company is required to pay aggregate consideration of $618,200 over a period of three years, issue an aggregate 410,000 common shares and grant to the vendors a 1.5% net smelter royalty over each of the properties acquired. The Company has the right to repurchase 50% of each royalty by paying the holder $500,000 per royalty. 

The technical information presented in this news release has been reviewed and approved by William Paterson QP, PGeo, VP of Exploration of Trillium Gold Mines, as defined by NI 43-101.

For further information about this news release and the Company's current activities contact [email protected], visit our website at www.trilliumgold.com or call us at 604-688-9588.

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

“Russell Starr”

Russell Starr

President, CEO and Director

About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Disclosure and Caution
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/trillium-gold-further-consolidates-confederation-lake-greenstone-belt-increases-larder-lake-land-holdings-and-adds-quebec-assets-301209799.html

SOURCE Trillium Gold Mines Inc.

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Mindtree reports third quarter FY21 results with broad-based revenue growth of 5.0% q-o-q in USD, EBITDA margin at 23.1% and PAT margin at 16.1%

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WARREN, N.J. and BANGALORE, India, Jan. 18, 2021 /PRNewswire/ — Mindtree, a global technology services and digital transformation company guiding its clients to achieve faster business outcomes, announced its consolidated results today for the third quarter ended December 31, 2020, as approved by its board of directors.

Mindtree Logo

“Our third quarter has by far been the best performing in recent years backed by broad-based revenue growth of 5.0% across our verticals and service lines, robust margin expansion of 350bps, and a healthy order book of $312 M,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. “We are witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities. We continue to capitalize on the evolving market dynamics with solutions that help enterprises navigate the new normal and grow their businesses. Thanks to the strategic focus and hard work of our Mindtree Minds, we are now well-positioned to continue delivering profitable growth.

Key financial highlights:                                       

Quarter ended December 31, 2020

  • In USD:
  • Revenue at $274.1 million (growth of 5.0% q-o-q / decline of 0.4% y-o-y)
  • Net profit at $44.2 million (growth of 28.6% q-o-q / 59.3% y-o-y)
  • In INR:
    • Revenue at ₹20,237 million (growth of 5.1% q-o-q / 3.0% y-o-y)
    • Net profit at ₹3,265 million (growth of 28.7% q-o-q / 65.7% y-o-y)

    Other highlights:

    • Clients:
    • 276 active clients as of December 31, 2020
    • 8 new clients added during the quarter
  • People:
    • 22,195 Mindtree Minds as of December 31, 2020
    • Trailing 12 months attrition is 12.5%
  • Q3 deal wins with leading global clients:
    • We have been chosen to drive the digital transformation journey of a leading global wind turbine manufacturer. As part of this five year deal, Mindtree will simplify, modernize, and transform the entire IT landscape of the client globally, while providing scalability to support the company's growth plans
    • Mindtree partnered with a large global airline, as a strategic technology partner, to enhance consumer experience on mobile digital platforms. We will provide application development and maintenance services to enhance the features of the mobile application along with underlying services layer
    • A world-leading sportswear brand selected Mindtree as a strategic partner for a multi-year engagement to provide application development services to accelerate their journey towards a product led and outcome-oriented organization
    • Mindtree has been selected by a US based diverse insurance and reinsurance provider to provide end to end IT infrastructure management and cloud services, resulting in enhanced efficiency and speed of business standardization
  • Recognition:
    • Mindtree has been recognized as a winner in SHRM HR Excellence Awards 2020 under Excellence in HR Analytics Award category
    • Mindtree has been honored with the title of IT Pride of Karnataka – 2019-20 by STPI IT Export Awards, granted by STPI (Software Technology Parks of India) of Karnataka
    • Mindtree has been awarded as a top performer, with a score of A-, in the 2020 Climate Change ranking by Carbon Disclosure Project (CDP)
    • Mindtree recognized as a leader in ISG Provider Lens™ for Next-gen Application Development and Maintenance (ADM) Services (U.S.) 2020 in application maintenance services, agile development, and continuous testing
    • Mindtree recognized as leaders in ISG Provider Lens™ for Digital Business Solutions and Service Partners 2020 (Australia) and Public Cloud Solutions and Services for Midmarket 2020 (U.S.)

    About Mindtree

    Mindtree (NSE: MINDTREE) is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. “Born digital,” in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 275+ enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in more than 15 countries across the world, we are consistently regarded as one of the best places to work, embodied every day by our winning culture made up of over 22,000 entrepreneurial, collaborative and dedicated “Mindtree Minds.”

    To learn more about us, visit www.mindtree.com or follow us @Mindtree_Ltd

    Safe harbour

    Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer's technology spending, affecting  demand for our services, delaying prospective customers' purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

    For more information, contact:

    INDIA                  
    Tanuja Singh                                                                            
    Mindtree                                      
    +91-9741000266                                                                       
    [email protected]                                                         

     

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