Pacific Coal Announces Quarterly and Full Year Update

Pacific Coal Resources Ltd. (TSXV:PAK) announced an update on activities at its three coal mines.

As quoted in the press release:

During the fourth quarter, La Caypa produced 269,245 tonnes and improved stripping ratios. For the full year 2011, production at La Caypa exceeded management’s expectations, reaching 1,239,583 tonnes, 101.1% of the Company’s planned production.

Pacific Coal’s CEO, Luis Carvajales said:

The Company produced 356,542 tonnes of thermal coal this quarter from its La Caypa and Cerro Largo mines, while reducing stripping ratios at both properties.

Click here for the Pacific Coal Resources Ltd. (TSXV:PAK) press release.