Iberian Minerals Reports Q3 Net Income of $123.6 Million

Iberian Minerals Corp. (TSXV:IZN) reported its financial and operating results for the three and nine month periods ended September 30, 2011.

As quoted in the press release:

Three months ended September 30, 2011
• Recorded net income of $123.59 million or $0.27 per registered share which included:

• Sales of $60.11 million and gross loss of $24.09 million;

•  A realized loss of $52.42 million on commodity hedges (included in sales) which caused the gross loss;

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