View Past PerformanceSandfire Resources America バランスシートの健全性財務の健全性 基準チェック /06Sandfire Resources Americaの総株主資本はCA$-56.2M 、総負債はCA$71.7Mで、負債比率は-127.7%となります。総資産と総負債はそれぞれCA$27.1MとCA$83.2Mです。主要情報-127.68%負債資本比率CA$71.70m負債インタレスト・カバレッジ・レシオn/a現金CA$387.30kエクイティ-CA$56.15m負債合計CA$83.23m総資産CA$27.08m財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Dec 17Sandfire Resources America Inc. Announces Results of Updated Pre-Feasibility Study for the Johnny Lee Deposit and Updated Mineral Resource for the Lowry Deposit At the Black Butte Copper ProjectSandfire Resources America Inc. announced its updated Mineral Resource and Reserve and the results of the Preliminary Feasibility Study Update (the "Study Update" or "PFS") for the Johnny Lee deposit at its Black Butte Copper Project in White Sulphur Springs, Montana, USA, pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Study Update relates to Mineral Resources and Reserves associated with the Johnny Lee copper deposit, the cornerstone deposit at the Black Butte Copper Project (the " Johnny Lee Deposit" or the "Project"). The Study Update economic analysis is based on the Johnny Lee Deposit Mineral Reserves and does not include theLow Deposit. The current study is an underground Pre-Feasibility Study for the Johnny Lee Deposit, building on the prior Preliminary Economic Assessment (PEA, 2013) and the subsequent Feasibility Study completed in 2020, which defined an initial Mineral Reserve for the Johnny Lee Deposit. The Study Update incorporates updated geological and structural models for the JL UCZ and JL LCZ, revised Mineral Resource and Mineral Reserve estimates, updated metallurgical test work and recovery models, integrated with systematic mineralogy and geometallurgical modelling, and updated capital and operating cost estimates and refining charges, using long-term copper price estimates of USD 4.70/lb. The Study Update mine plan and economic analysis are based only on the Johnny Lee Deposit MineralReserves. The Mineral Reserves identified in Table 1 comply with CIM definitions and standards for a NI 43- 101 technical report. Detailed information on mining, processing, metallurgical, and other relevant factors demonstrate, at the time of the Study Update, that economic extraction is feasible. The Study Update did not identify any mining, metallurgical, infrastructure or other relevant factors that may materially affect the estimates of the Mineral Reserves or potential production. All deposits have anomalous silver and cobalt mineralization; however, copper is the only economic product considered in the Study Update. Geotechnical data used for the Study Update includes information pre viously collected by Sandfire America, MD Engineering, and Mining Plus. This data includes drill core logging, QA/QC reviews, structural measurements, and laboratory rock-property testing. As part of the current study update, Entech completed a geotechnical assessment involving reviewing drill core from the JL UCZ, JL LCZ, and planned decline areas, and incorporating both historical logging and new detailed photo-logging undertaken by Entech. Structural data were validated during an Entech site visit and used to characterize the rock mass and assess conditions relevant to the mine design. A 3D geotechnical model was developed combining the logging data and geological models and was utilized for visualization of geotechnical databases, and data from the JL UCZ and the Company's own geotechnical databases, including a geotechnical database. The Company has a geotechnical database and geotechnical database, and is currently being used for the Study Update.お知らせ • Sep 23Sandfire Resources America Inc., Annual General Meeting, Nov 21, 2025Sandfire Resources America Inc., Annual General Meeting, Nov 21, 2025. Location: british columbia, vancouver Canadaお知らせ • Jul 18Sandfire Resources America Inc. Announces Board ChangesSandfire Resources America Inc. announced the appointment of Stef Weber to Its Board of Directors, Effective July 17, 2025. Mr. Weber brings over 25 years of global experience in the mining industry, with a strong background in finance, project development, and corporate strategy. He has held senior leadership roles in debt financing, joint ventures, mergers and acquisitions, and treasury management. Mr. Weber began his career with PricewaterhouseCoopers and subsequently spent 16 years in senior financial roles with Iscor Limited, Kumba Resources Limited, and Exxaro Resources Limited. He joined Sandfire Resources Limited in October 2019 following its acquisition of MOD Resources Limited, where he served as Chief Financial Officer. Mr. Weber currently serves as Head of Treasury for Sandfire Resources Limited. The Company thanks Ms. Tually for her valuable contributions to the Board and wishes her well in her future endeavors.お知らせ • Jan 22Sandfire Resources America Inc. Announces Board ChangesSandfire Resources America Inc. announced that Gemma Tually has been appointed to the Sandfire America Board of Directors effective immediately. This occurs in conjunction with Victoria Twiss stepping down from her seat on the Board. Ms. Tually is the Chief Legal & Compliance Officer for Sandfire Resources Ltd. (Australia); 86.9% owner of Sandfire America’s outstanding shares. Ms. Tually is a qualified solicitor with more than 20 years of legal experience working across areas including mining, dispute resolution, international trade and transport, finance, and corporate law.お知らせ • Sep 17Sandfire Resources America Inc., Annual General Meeting, Nov 15, 2024Sandfire Resources America Inc., Annual General Meeting, Nov 15, 2024. Location: british columbia, vancouver Canadaお知らせ • Jul 25Sandfire Resources America Inc. Reports Additional High Grade Copper Intersections at the Black Butte Copper ProjectSandfire Resources America Inc. announced additional drill results of its 2024 exploration drilling program. The ongoing 2024 drill program focuses on upgrading and expanding the Johnny Lee Lower Copper Zone resource which at last estimate consists of a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes of 5.9% Cu (2020 Technical Report). Since December 2023, the Company has drilled approximately 8,000 meters of a planned 20,000-meter drill program. Intercept calculations included a minimum of 2 samples above a 1% copper cutoff grade. Drilling conducted by Ruen Drilling of Hope, Idaho. HQ3-sized core was collected. Drill holes were oriented with dips varying between -80 to -70 degrees in relatively variably dipping mineral zones. Intercepts may be slightly longer than true thickness. After being logged and photographed in White Sulphur Springs, Montana, all mineralized zones were sampled by cutting half-core splits which were delivered to ALS labs in Reno Nevada for processing. ALS crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and wet-sieved the split to ensure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-OES analysis. Various other trace and major elements were also analyzed utilizing ICP procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate. Assays of duplicates, and blanks were also included as part of the QA/QC program. ALS Labs are accredited by ISO/IEC 170205:2017 methods for North America. Drillhole collars are surveyed conforming to UTM NAD83 Zone 12. The Johnny Lee deposit has a Measured and Indicated Mineral Resource of 10.9 million tonnes (Mt) at an average copper grade of 2.9% for 311 thousand tonnes (kt) of contained copper (Cu) at a 1.0% Cu cut-off grade, and an Inferred Mineral Resource of 2.7 Mt at an average copper grade of 3.0% for 80 kt of contained Cu at a 1.0% Cu cut-off grade (2020 Technical Report). The Company has received a Mine Operating Permit from the Montana Department of Environmental Quality for mine development of this deposit and has completed a majority of Phase I construction on surface construction facilities. The Company received a decision from the Montana Supreme Court on February 26, 2024, to re-instate the mine operating permit and allow construction to move forward.お知らせ • Apr 30Sandfire Resources America Inc. Reports High Grade Copper Intersections at the Black Butte Copper ProjectSandfire Resources America Inc. announced initial drill results of its winter exploration drilling program. The ongoing 2024 drill program focuses on upgrading and expanding the Johnny Lee Lower Copper Zone resource which at last estimate consists of a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes of 5.9% Cu (2020 Technical Report). Since December 2023, the company has drilled approximately 4,420 meters of a planned 20,000-meter drill program. Drilling conducted by Ruen Drilling of Hope, ID. HQ3-sized core was collected. Drill holes were oriented with dips varying between -80 to -70 degrees in relatively variably dipping mineral zones. Intercepts may be slightly longer than true thickness. After being logged, photographed in White Sulphur Springs, Montana, all mineralized zones were sampled by cutting half-core splits which were delivered to ALS labs in Reno NV for processing. ALS crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and wet-sieved the split to ensure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-OES analysis. Various other trace and major elements were also analyzed utilizing ICP procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate. Assays of duplicates, and blanks were also included as part of the QA/QC program. ALS Labs are accredited by ISO/IEC 170205:2017 methods for North America. Drillhole collars are surveyed conforming to UTM NAD83 Zone 12. The company is aware of no drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data.お知らせ • Sep 16Sandfire Resources America Inc., Annual General Meeting, Nov 16, 2023Sandfire Resources America Inc., Annual General Meeting, Nov 16, 2023.お知らせ • Aug 01Sandfire Resources America Announces Change of DirectorsSandfire Resources America Inc. announces the appointment Victoria Twiss, to the Board of Directors of the Company in replacement of Matt Fitzgerald and Rob Scargill who have resigned as directors of the Company effective July 29, 2023. The Company also announces the appointment of Jason Grace as the Board Chair. Following the changes to the Board, the Board will be comprised of five members: Lincoln Greenidge, Victoria Twiss, Jason Grace, Alan Joscelyn and Christina Hedrich. Mr. Greenidge will continue to serve as Chief Executive Officer of the Company. Ms. Twiss is a practicing lawyer with over 18 years’ experience in the resource sector with experience in the development and operation of mining and infrastructure projects, governance, risk and compliance, mergers and acquisition, land management and contracting and procurement. Ms. Twiss joined Sandfire Resources Ltd. of Australia in 2011 during the construction of their DeGrussa Copper Gold Mine. She oversees the legal, risk, compliance, procurement, and internal audit functions for Sandfire Resources Ltd.お知らせ • Jul 01Sandfire Resources America Inc. Announces Stepping Down of Matthew Fitzgerald as Chair of the Board of Directors Effective September 30, 2023Sandfire Resources America Inc. announced that Mr. Matthew Fitzgerald will be stepping down as Chair of the Board of Directors effective September 30, 2023. This is in conjunction with him stepping down from his role as CFO of Sandfire Resources Limited. Mr. Fitzgerald has been Chair of the Board since September 2016. The Company would like to thank Mr. Fitzgerald for his years of service.財務状況分析短期負債: SRAF.Fは マイナスの株主資本 を有しており、これは 短期資産 が 短期負債 をカバーしていないことよりも深刻な状況です。長期負債: SRAF.Fは株主資本がマイナスであり、これは短期資産が 長期負債 をカバーしていないことよりも深刻な状況です。デット・ツー・エクイティの歴史と分析負債レベル: SRAF.Fは 株主資本がマイナス となっており、これは高い負債レベルよりも深刻な状況です。負債の削減: SRAF.Fの株主資本はマイナスなので、時間の経過とともに負債が減少したかどうかを確認する必要はありません。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: SRAF.Fは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: SRAF.Fは、フリーキャッシュフローが毎年5.1 % の歴史的率で減少し続ける場合、キャッシュランウェイが 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YMaterials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 08:47終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sandfire Resources America Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Dec 17Sandfire Resources America Inc. Announces Results of Updated Pre-Feasibility Study for the Johnny Lee Deposit and Updated Mineral Resource for the Lowry Deposit At the Black Butte Copper ProjectSandfire Resources America Inc. announced its updated Mineral Resource and Reserve and the results of the Preliminary Feasibility Study Update (the "Study Update" or "PFS") for the Johnny Lee deposit at its Black Butte Copper Project in White Sulphur Springs, Montana, USA, pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Study Update relates to Mineral Resources and Reserves associated with the Johnny Lee copper deposit, the cornerstone deposit at the Black Butte Copper Project (the " Johnny Lee Deposit" or the "Project"). The Study Update economic analysis is based on the Johnny Lee Deposit Mineral Reserves and does not include theLow Deposit. The current study is an underground Pre-Feasibility Study for the Johnny Lee Deposit, building on the prior Preliminary Economic Assessment (PEA, 2013) and the subsequent Feasibility Study completed in 2020, which defined an initial Mineral Reserve for the Johnny Lee Deposit. The Study Update incorporates updated geological and structural models for the JL UCZ and JL LCZ, revised Mineral Resource and Mineral Reserve estimates, updated metallurgical test work and recovery models, integrated with systematic mineralogy and geometallurgical modelling, and updated capital and operating cost estimates and refining charges, using long-term copper price estimates of USD 4.70/lb. The Study Update mine plan and economic analysis are based only on the Johnny Lee Deposit MineralReserves. The Mineral Reserves identified in Table 1 comply with CIM definitions and standards for a NI 43- 101 technical report. Detailed information on mining, processing, metallurgical, and other relevant factors demonstrate, at the time of the Study Update, that economic extraction is feasible. The Study Update did not identify any mining, metallurgical, infrastructure or other relevant factors that may materially affect the estimates of the Mineral Reserves or potential production. All deposits have anomalous silver and cobalt mineralization; however, copper is the only economic product considered in the Study Update. Geotechnical data used for the Study Update includes information pre viously collected by Sandfire America, MD Engineering, and Mining Plus. This data includes drill core logging, QA/QC reviews, structural measurements, and laboratory rock-property testing. As part of the current study update, Entech completed a geotechnical assessment involving reviewing drill core from the JL UCZ, JL LCZ, and planned decline areas, and incorporating both historical logging and new detailed photo-logging undertaken by Entech. Structural data were validated during an Entech site visit and used to characterize the rock mass and assess conditions relevant to the mine design. A 3D geotechnical model was developed combining the logging data and geological models and was utilized for visualization of geotechnical databases, and data from the JL UCZ and the Company's own geotechnical databases, including a geotechnical database. The Company has a geotechnical database and geotechnical database, and is currently being used for the Study Update.
お知らせ • Sep 23Sandfire Resources America Inc., Annual General Meeting, Nov 21, 2025Sandfire Resources America Inc., Annual General Meeting, Nov 21, 2025. Location: british columbia, vancouver Canada
お知らせ • Jul 18Sandfire Resources America Inc. Announces Board ChangesSandfire Resources America Inc. announced the appointment of Stef Weber to Its Board of Directors, Effective July 17, 2025. Mr. Weber brings over 25 years of global experience in the mining industry, with a strong background in finance, project development, and corporate strategy. He has held senior leadership roles in debt financing, joint ventures, mergers and acquisitions, and treasury management. Mr. Weber began his career with PricewaterhouseCoopers and subsequently spent 16 years in senior financial roles with Iscor Limited, Kumba Resources Limited, and Exxaro Resources Limited. He joined Sandfire Resources Limited in October 2019 following its acquisition of MOD Resources Limited, where he served as Chief Financial Officer. Mr. Weber currently serves as Head of Treasury for Sandfire Resources Limited. The Company thanks Ms. Tually for her valuable contributions to the Board and wishes her well in her future endeavors.
お知らせ • Jan 22Sandfire Resources America Inc. Announces Board ChangesSandfire Resources America Inc. announced that Gemma Tually has been appointed to the Sandfire America Board of Directors effective immediately. This occurs in conjunction with Victoria Twiss stepping down from her seat on the Board. Ms. Tually is the Chief Legal & Compliance Officer for Sandfire Resources Ltd. (Australia); 86.9% owner of Sandfire America’s outstanding shares. Ms. Tually is a qualified solicitor with more than 20 years of legal experience working across areas including mining, dispute resolution, international trade and transport, finance, and corporate law.
お知らせ • Sep 17Sandfire Resources America Inc., Annual General Meeting, Nov 15, 2024Sandfire Resources America Inc., Annual General Meeting, Nov 15, 2024. Location: british columbia, vancouver Canada
お知らせ • Jul 25Sandfire Resources America Inc. Reports Additional High Grade Copper Intersections at the Black Butte Copper ProjectSandfire Resources America Inc. announced additional drill results of its 2024 exploration drilling program. The ongoing 2024 drill program focuses on upgrading and expanding the Johnny Lee Lower Copper Zone resource which at last estimate consists of a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes of 5.9% Cu (2020 Technical Report). Since December 2023, the Company has drilled approximately 8,000 meters of a planned 20,000-meter drill program. Intercept calculations included a minimum of 2 samples above a 1% copper cutoff grade. Drilling conducted by Ruen Drilling of Hope, Idaho. HQ3-sized core was collected. Drill holes were oriented with dips varying between -80 to -70 degrees in relatively variably dipping mineral zones. Intercepts may be slightly longer than true thickness. After being logged and photographed in White Sulphur Springs, Montana, all mineralized zones were sampled by cutting half-core splits which were delivered to ALS labs in Reno Nevada for processing. ALS crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and wet-sieved the split to ensure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-OES analysis. Various other trace and major elements were also analyzed utilizing ICP procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate. Assays of duplicates, and blanks were also included as part of the QA/QC program. ALS Labs are accredited by ISO/IEC 170205:2017 methods for North America. Drillhole collars are surveyed conforming to UTM NAD83 Zone 12. The Johnny Lee deposit has a Measured and Indicated Mineral Resource of 10.9 million tonnes (Mt) at an average copper grade of 2.9% for 311 thousand tonnes (kt) of contained copper (Cu) at a 1.0% Cu cut-off grade, and an Inferred Mineral Resource of 2.7 Mt at an average copper grade of 3.0% for 80 kt of contained Cu at a 1.0% Cu cut-off grade (2020 Technical Report). The Company has received a Mine Operating Permit from the Montana Department of Environmental Quality for mine development of this deposit and has completed a majority of Phase I construction on surface construction facilities. The Company received a decision from the Montana Supreme Court on February 26, 2024, to re-instate the mine operating permit and allow construction to move forward.
お知らせ • Apr 30Sandfire Resources America Inc. Reports High Grade Copper Intersections at the Black Butte Copper ProjectSandfire Resources America Inc. announced initial drill results of its winter exploration drilling program. The ongoing 2024 drill program focuses on upgrading and expanding the Johnny Lee Lower Copper Zone resource which at last estimate consists of a measured and indicated resource of 1.2 million tonnes grading 6.8% Cu and an inferred resource of 0.5 million tonnes of 5.9% Cu (2020 Technical Report). Since December 2023, the company has drilled approximately 4,420 meters of a planned 20,000-meter drill program. Drilling conducted by Ruen Drilling of Hope, ID. HQ3-sized core was collected. Drill holes were oriented with dips varying between -80 to -70 degrees in relatively variably dipping mineral zones. Intercepts may be slightly longer than true thickness. After being logged, photographed in White Sulphur Springs, Montana, all mineralized zones were sampled by cutting half-core splits which were delivered to ALS labs in Reno NV for processing. ALS crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and wet-sieved the split to ensure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-OES analysis. Various other trace and major elements were also analyzed utilizing ICP procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate. Assays of duplicates, and blanks were also included as part of the QA/QC program. ALS Labs are accredited by ISO/IEC 170205:2017 methods for North America. Drillhole collars are surveyed conforming to UTM NAD83 Zone 12. The company is aware of no drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data.
お知らせ • Sep 16Sandfire Resources America Inc., Annual General Meeting, Nov 16, 2023Sandfire Resources America Inc., Annual General Meeting, Nov 16, 2023.
お知らせ • Aug 01Sandfire Resources America Announces Change of DirectorsSandfire Resources America Inc. announces the appointment Victoria Twiss, to the Board of Directors of the Company in replacement of Matt Fitzgerald and Rob Scargill who have resigned as directors of the Company effective July 29, 2023. The Company also announces the appointment of Jason Grace as the Board Chair. Following the changes to the Board, the Board will be comprised of five members: Lincoln Greenidge, Victoria Twiss, Jason Grace, Alan Joscelyn and Christina Hedrich. Mr. Greenidge will continue to serve as Chief Executive Officer of the Company. Ms. Twiss is a practicing lawyer with over 18 years’ experience in the resource sector with experience in the development and operation of mining and infrastructure projects, governance, risk and compliance, mergers and acquisition, land management and contracting and procurement. Ms. Twiss joined Sandfire Resources Ltd. of Australia in 2011 during the construction of their DeGrussa Copper Gold Mine. She oversees the legal, risk, compliance, procurement, and internal audit functions for Sandfire Resources Ltd.
お知らせ • Jul 01Sandfire Resources America Inc. Announces Stepping Down of Matthew Fitzgerald as Chair of the Board of Directors Effective September 30, 2023Sandfire Resources America Inc. announced that Mr. Matthew Fitzgerald will be stepping down as Chair of the Board of Directors effective September 30, 2023. This is in conjunction with him stepping down from his role as CFO of Sandfire Resources Limited. Mr. Fitzgerald has been Chair of the Board since September 2016. The Company would like to thank Mr. Fitzgerald for his years of service.