Rambler Posts Maiden Profit of $2 Million from Ming Mine Production

Mining Weekly reported that Rambler Metals and Mining on Wednesday posted a maiden quarterly profit of $2 million in its first full quarter of production at the Ming mine in Baie Verte.

As quoted in the market report:

The company, which owns and operates the Ming mine, in Baie Verte, in Newfoundland and Labrador, reported a net profit of C$1.95-million or 14 Canadian cents a share in the second quarter ended January 31, compared with a loss of C$718 000 or 5 Canadian cents a share in the first quarter.

To view the whole Mining Weekly report, click here.