CanAm Q1 Coal Production Doubles Year-on-Year

CanAm Coal Corp. (TSXV:COE,OTCQX:COECF) announced first quarter financial results and MD&A highlights.

As quoted in the press release:

Revenue for the three month period more than doubled as compared to last year as a result of the increased production following the acquisition of a 50% ownership stake in BCC and improved pricing on both metallurgical and thermal coal.

CanAm’s CEO and Directer, Tim Bergen said:

On the sales side, we continue to see strong demand and excellent pricing for our coal production. All of our 2012 planned production is contracted for and the outlook into 2013, 2014 and beyond looks positive. For Q1, we achieved a record average sales price of $114/ton.

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