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    iron investing

    Labrador Iron Mines Cuts Losses on Forex Gain

    Investing News Network
    Feb. 15, 2012 01:18PM PST
    Base Metals Investing

    Reuters reported Labrador Iron Mines (TSX:LIM) third quarter losses have been trimmed marginally by gains on the Forex.

    Reuters reported Labrador Iron Mines (TSX:LIM) third quarter losses have been trimmed marginally by gains on the Forex.

    As quoted in the market news:

    The company posted a loss of C$1.7 million, or 3 Canadian cents a share, compared with a loss of C$1.3 million, or 3 Canadian cents a share, a year ago.

    The company also received C$26.6 million from the sale of its first two iron ore shipments from pre-commercial production.

    Click here to read the full Reuters report.

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