Timminco Limited expected to report Q3 2010 results on November 10, 2010. This event was calculated by Capital IQ (Created on August 12, 2010).

Timminco Limited reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2010. Sales for the second quarter of 2010 increased to CAD 34.3 million from CAD 22.3 million for the second quarter of 2009, with sales for second quarter of 2009 including CAD 14.0 million in sales from the Magnesium Group divested in July 2009. The increase is the result of higher sales from the Company's core silicon metal product lines. EBITDA for was negative CAD 3.1 million, which reflects the stronger Canadian dollar versus the Euro and U.S. dollar, compared with negative CAD 9.9 million for second quarter of 2009, which reflected costs for reprocessing solar grade silicon by-products into saleable material. Net loss was CAD 9.7 million, or CAD 0.05 per share, compared with a net loss of CAD 24.0 million, or CAD 0.20 per share, for second quarter of 2009. The decrease in net loss for second quarter of 2010 is attributable to an increase in sales of silicon metal, a reduction in operating costs, and the closure of a Magnesium Group facility in first quarter of 2009. Loss before other items was CAD 9.5 million and loss before income taxes of CAD 9.7 million against loss before other items was CAD 17.2 million and loss before income taxes of CAD 17.3 million for the same period a year ago. Cash used in operating activities was CAD 6.4 million and capital expenditures of CAD 0.3 million against cash provided by operating activities was CAD 4.0 million and capital expenditures of CAD 11.0 million for the same period a year ago. Adjusted loss was CAD 9.5 million against CAD 17.2 million for the same period a year ago. For the six months, the company reported sales of CAD 65.1 million, loss before other items was CAD 20.3 million and loss before income taxes of CAD 20.6 million and net loss of CAD 20.6 million or CAD 0.12 per basic and diluted share against sales of CAD 60.0 million, loss before other items was CAD 39.8 million and loss before income taxes of CAD 44.4 million and net loss of CAD 46.3 million or CAD 0.41 per basic and diluted share for the same period a year ago. Cash used in operating activities was CAD 2.8 million and capital expenditures of CAD 0.9 million against cash used in operating activities was CAD 0.7 million and capital expenditures of CAD 32.0 million for the same period a year ago. Negative EBITDA was CAD 7.0 million against CAD 25.8 million for the same period a year ago. Adjusted loss was CAD 20.3 million against CAD 39.8 million for the same period a year ago.

Timminco Limited announced that they will report Q2, 2010 results at 16 : 30,US Eastern Time on Aug-10-2010