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    Molycorp Quarterly Loss Greater than Expected

    Investing News Network
    May. 10, 2013 05:07AM PST
    Rare Earth Investing

    Mining Weekly reported that Molycorp reported a $50.1 million quarterly loss, blaming higher costs.
    As quoted in the Mining Weekly report:

    Mining Weekly reported that Molycorp reported a $50.1 million quarterly loss, blaming higher costs.

    As quoted in the Mining Weekly report:

    The US rare earth producer is nearing the end of a $1.25-billion modernisation project at its Mountain Pass mine in California, with commercial production expected at a new processing facility by mid-year.

    mountain pass mine
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    Molycorp Silmet to Recommence Rare Metal Production in January

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