North American Tungsten Announces Commitment to Long Term Strategy at Cantung and Mactung

North American Tungsten(TSXV:NTC) announced and commented on its fiscal 2012 results. The Company also reported operational highlights from its Cantung and Mactung projects.

As quoted in the press release:

Fiscal 2012:
• Revenue $107.5 million – up 93% from fiscal 2011
• Cash flow from operating activities $21.1 million – improved by $33.9 million from fiscal 2011
• Underlying net income before impairment – $6.3 million or $0.03 per share, improved by $21.8 million from fiscal 2011
• Net loss $9.9 million or $0.04 per share – is after amortization, depreciation and impairment charges of $36.1 million

NA Tungsten, CEO, commented:

This was a pivotal year for the Company. Investments in people and capital improvements focused on initiatives to extend the Cantung mine life and strengthen operating performance.

Click here to read the North American Tungsten (TSXV:NTC) press release

See this press release on Marketwire
Click here to see the North American Tungsten (TSXV:NTC) profile

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