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North American Tungsten (TSXV:NTC) announced a net income of $2.5 million or $0.01 earnings per diluted share for the second quarter ending March 31, 2012.
North American Tungsten (TSXV:NTC) announced a net income of $2.5 million or $0.01 earnings per diluted share for the second quarter ending March 31, 2012.
As quoted in the press release:
Total revenue for the second quarter was $33.4 million compared with revenue of $11.4 million for the prior-year period.
During the quarter, mill throughput averaged 1,017 tons daily, mill recovery was 76% and mill availability was 95%. Power generation was reliable and the mine delivered an average feed grade of 1.12% WO3. Accordingly, the Company was able to produce 72,000 metric tonne units (mtu’s) of tungsten concentrate and sell 83,000 mtu’s. Market prices continued to be relatively stable during the quarter.
Click here to read the North American Tungsten (TSXV:NTC) press release.
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