Business Chief USA – August 2019

$85.6mn

1, 2 4 2

Revenue in 2018

Approximate number

of employees

2006

Year founded

—

Chris Buncic,

President, CEO and Co-Founder,

Ascendant Resources

“ As we ramped up

production, people

have reaped the

benefits through

incentives”

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 under-

ground trackless equipment,” says

Buncic. “Some of the trucks and

scoops had been subject to as many

342

AUGUST 2019

ASCENDANT RESOURCES