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:
• 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.
Get the Top Stories on Resource Investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.