Iberian Minerals: 2011 Financial And Operating Results

Iberian Minerals Corp. (TSXV:IZN) reported its financial and operating results for 2011.

As quoted in the press release:

Year ended December 31, 2011

• Recorded net income of $173.65 million or $0.42 per registered share which included:

• Sales of $245.32 million and gross loss of $77.03 million;

• A realized loss of $206.62 million on commodity hedges (included in sales) which caused the gross loss;

Click here to read the Iberian Minerals Corp. (TSXV:IZN) press release.