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Rambler Posts Maiden Profit of $2 Million from Ming Mine Production
Mar. 28, 2013 08:09AM PST
Precious Metals Investing
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.
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.
