Xinergy Releases Operating and Financial Results for Q1 2012

Xinergy Ltd. (TSX:XRG) announced its MD&A along with first quarter financial and operating results.

As quoted in the press release:

In the first quarter of 2012, the Company reported coal revenues of $29.9 million on 425,697 tons sold ($70.35 per ton) compared to $43.1 million on 553,485 tons sold ($77.78 per ton) the same quarter a year ago. Total cash costs were $25.5 million or $66.99 per ton compared to $28.5 million or $61.18 per ton a year ago.

Click here for the Xinergy Ltd. (TSX:XRG) press release.