CanAm Coal Releases Year-End Financial Results

CanAm Coal Corp. (TSXV:COE,OTCQX:COECF) announced that production, revenue and EBITDA reached records in the last fiscal year.

As quoted in the press release:

The Company set a number of financial and operating milestones in 2011 including:

• Record annual revenues of $24.4 million, up from $5.3 million in fiscal 2010;
• Record income from mining operations of $2.5 million, up from $0.3 million in fiscal 2010;
• Record EBITDA, before one-time expenses, of $4.6 million, up from $(0.2) million in fiscal 2010.

Click here for the CanAm Coal Corp. (TSXV:COE) press release.