Labrador Iron Mines Announces Operation And Financial Results

Labrador Iron Mines Holdings Limited (TSX:LIM) announced operating and financial results for the first quarter ended June 30, 2012.

As quoted in the press release:

First Quarter Highlights

• Mined approximately 668,000 tonnes of ore at a grade of 62.6% iron (“Fe”) at the James mine. By the end of the quarter, the mine was operating at a rate of 32,000 tonnes per day (ore and waste), in excess of its planned mining rate of 28,000 tonnes per day.
• Railed approximately 532,000 tonnes of ore to the Port of Sept-Îles.
• Sold three shipments of iron ore totalling 486,000 dry tonnes (515,000 wet tonnes) at a weighted average price of approximately US$122 per tonne on a CFR China basis.

Click here to read the Labrador Iron Mines Holdings Limited (TSX:LIM) press release.