Iberian Minerals Announces a Net Income of $25.46 Million in 2012 Q2

Iberian Minerals Corp. (TSXV:IZN) announced a net income of $25.46 million in its second quarter of 2012.

As quoted in the press release:

Financial highlights:
Three months ended June 30, 2012

Recorded net income of $25.46 million or $0.05 per registered share which included:

• Sales of $124.25 million and gross gain of $31.40 million;

• A realized gain of $4.75 million on commodity hedges (included in sales) which contributed to the gross gain;

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