Corsa Coal Provides Financial Results for First Quarter 2015

Corsa Coal Corp. (TSXV:CSO) reported financial results for the quarter ended March 31, 2015, along with related Management’s Discussion and Analysis.

As quoted in the market news,

NAPP productivity improvement initiatives and cost containment efforts have been successful with the cash production cost per ton sold⁽¹⁾ for metallurgical coal decreasing 32% from the three months ended December 31, 2014⁽²⁾.

George Dethlefsen, Chief Executive Officer, stated:

Corsa made great strides in the first quarter to lower the overall cost profile and drive productivity improvement across the operating locations. At NAPP, targets for production and cost performance were exceeded, in particular at the Casselman Mine, as the cash production costs declined $30 per ton from the fourth quarter.

Click here for full Corsa Coal Corp. (TSXV:CSO) press release