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Conifex Timber Inc (CFF.TO)

CFF.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Conifex Temporarily Curtailing Mackenzie Operations
12:00am BST 

July 22 (Reuters) - Conifex Timber Inc ::CONIFEX TEMPORARILY CURTAILING MACKENZIE OPERATIONS.CONIFEX> - CO TEMPORARILY CURTAIL ITS MACKENZIE, BRITISH COLUMBIA SAWMILL OPERATIONS FOR 2 WEEKS COMMENCING JULY 29, 2019.CONIFEX TIMBER - CO TO TEMPORARILY CURTAIL ITS BRITISH COLUMBIA SAWMILL OPERATIONS DUE TO CONTINUED HIGH LOG COSTS, LUMBER MARKET CONDITIONS.  Full Article

Conifex Announces First Quarter 2019 Results
Tuesday, 14 May 2019 

May 14 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES FIRST QUARTER 2019 RESULTS.QTRLY LOSS PER SHARE $0.25.QTRLY REVENUES FROM CONTINUING OPERATIONS TOTALED $133.7 MILLION, DOWN 2% VERSUS PRIOR QUARTER.CONTINUE TO BELIEVE THAT CURRENT LUMBER PRICES DO NOT PROPERLY REFLECT FUNDAMENTAL SUPPLY.CONIFEX TIMBER - ALSO CONTINUE TO BELIEVE CURRENT LUMBER PRICES DO NOT REFLECT DEMAND FACTORS THAT ARE EXPECTED TO DRIVE LUMBER PRICING THROUGH REST OF 2019 & 2020.IN TERMS OF LUMBER DEMAND, WE EXPECT LUMBER CONSUMPTION WILL CONTINUE TO GROW OVER NEXT TWO YEARS.EXPECT GROWTH IN LUMBER DEMAND WILL OUTPACE GROWTH IN NET NEW SUPPLY.EXPECT CAPACITY UTILIZATION RATES WILL REMAIN ELEVATED.EXPECT LUMBER PRICES, WHILE REMAINING VOLATILE, WILL IMPROVE.Q1 EARNINGS PER SHARE VIEW C$-0.24, REVENUE VIEW C$157.0 MILLION -- REFINITIV IBES DATA.  Full Article

Conifex Timber Says Intends To Temporarily Reduce Operating Capacity At Fort St. James, British Columbia Sawmill Starting January 1, 2019
Saturday, 1 Dec 2018 

Nov 30 (Reuters) - Conifex Timber Inc ::CONIFEX PROVIDES FORT ST. JAMES OPERATIONS UPDATE.CONIFEX TIMBER -INTENDS TO TEMPORARILY REDUCE OPERATING CAPACITY AT ITS FORT ST. JAMES, BRITISH COLUMBIA SAWMILL STARTING JANUARY 1, 2019.CONIFEX TIMBER INC SAYS THIS IS EXPECTED TO CONTINUE UNTIL ABOUT MID-2019.CONIFEX TIMBER INC -EXPECTS THAT A MAJORITY OF ITS LUMBER PRODUCTION WILL BE SOURCED FROM LOWER COST US SOUTH SUPPLY REGION IN FIRST HALF OF 2019..CONIFEX - REDUCTION IN OPERATING CAPACITY TO RESULT IN ESTIMATED 25% REDUCTION IN CO'S BRITISH COLUMBIA LUMBER PRODUCTION DURING SUCH PERIOD.CONIFEX -INTENTION TO CUT OPERATING CAPACITY AT FORT ST. JAMES TO RESULT IN TEMPORARY WORKFORCE REDUCTION OF ABOUT 70 EMPLOYEES..  Full Article

Conifex Timber Says As Wildfire Conditions Worsen, Temporarily Suspended Operations At Fort St. James
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Conifex Timber Inc ::UPDATE ON CONIFEX OPERATIONS AT FORT ST. JAMES.CONIFEX TIMBER - AS WILDFIRE CONDITIONS CONTINUED TO DETERIORATE, CONIFEX TIMBER TEMPORARILY SUSPENDED OPERATIONS FRIDAY OF LAST WEEK.CONIFEX TIMBER - REGIONAL DISTRICT OF BULKLEY-NECHAKO ISSUED EVACUATION ALERT DUE TO WILDFIRE ACTIVITY FOR AREA WHICH INCLUDES CO'S MILL SITE.CONIFEX TIMBER INC - CONIFEX CURRENTLY EXPECTS TO RESTART OPERATIONS AT FORT ST. JAMES MILL LATER THIS WEEK.  Full Article

Conifex Qtrly Earnings Per Share $0.10
Wednesday, 16 May 2018 

May 15 (Reuters) - Conifex Timber Inc ::CONIFEX ANNOUNCES FIRST QUARTER 2018 RESULTS.REVENUES OF $130.8 MILLION IN Q1 OF 2018 REFLECTED AN INCREASE OF 30% OVER Q1 OF 2017.QTRLY EARNINGS PER SHARE $0.10.  Full Article

Conifex announces qtrly ‍net income per share $0.23​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Conifex Timber Inc :Conifex announces strong third quarter results.Conifex Timber Inc - Qtrly ‍net income per share $0.23​.Conifex Timber Inc - Qtrly ‍​sales $120.3 million versus $104.1 million.Conifex Timber Inc - ‍Will initially operate ed mill on a one-shift basis & expect to ramp-up production to about 90% of capacity by dec 2018​.Conifex Timber -‍ Expect that uncertainty around softwood lumber dispute to contribute to further volatility in U.S. market conditions & pricing​.Conifex Timber Inc - ‍Expect lumber demand and pricing to continue to remain solid in chinese and japanese markets through balance of year​.Conifex Timber Inc - ‍Expect further strengthening of WSPF prices early in Q4 of 2017​.Conifex Timber - ‍Through closing months of 2017, expect demand in U.S. and Canadian lumber markets to improve average benchmark Western SPF prices​.  Full Article

UPDATE 1-Long-outlawed US trade policy wins WTO approval in Canada lumber dispute

GENEVA, April 9 A World Trade Organization ruling approved a long-outlawed U.S. trade policy on Tuesday, when a panel of adjudicators said Washington's use of "zeroing" to calculate anti-dumping tariffs was permissible in the case of Canadian softwood lumber.