Liberty Mines Reports Financial Results for Third Quarter 2011

Liberty Mines Inc. (TSX:LBE) announced Q3 and year to date financial results.

As quoted in the press release:

Revenue for the three- and nine-month periods of 2011 were $159,000 and $2.2 million respectively. These compare to$9.8 million and $24.3 million for the corresponding period of 2010. The year-over-year declines were due to a shut-down in mining and milling operations implemented in February, 2011.

Liberty’s President and CEO, Chris Stewart said:

“We are particularly encouraged by the progress we are making with our mill refurbishment work, which is both on schedule and on budget, and by drill results from our focused exploration activities that suggest expansion of our resource estimates.”

Click here to read the Liberty Mines Inc. (TSX:LBE) press release.