Liberty Mines Reports Net Loss of $64.4 Million for 2012

Liberty Mines Inc. (TSX:LBE) announced financial results for 2012.

As quoted in the press release:

Net loss for 2012 was $64.4 million or $0.31 per basic and fully diluted share. The loss included a mineral properties impairment expense of $29.2 million, interest on long-term debt of $10.6 million. In 2011, Liberty recorded a net loss of $26.8 million or $0.14 per basic and fully diluted share. Liberty’s mining and milling operations were fully functional in 2012 for 4 ½ months.

Liberty’s President and CEO, Chris Stewart, said:

Throughout all of 2012 Liberty delivered outstanding Safety and Environmental results.  We continue to have belief in the long term success of Liberty Mines and will be aggressive with our business plans going forward.

To view the whole press release, click here.