GREY:STTYF - Post by User
Post by
Kewl2on Aug 29, 2011 7:34pm
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Post# 18991232
NEWS .. ROYAL COAL 2Q RESULTS
NEWS .. ROYAL COAL 2Q RESULTSRoyal Coal is one of our coal stream agreements............
Royal Coal Announces Financial and Operating Q2 2011 Results
https://www.marketwire.com/press-release/royal-coal-announces-financial-and-operating-q2-2011-results-tsx-venture-rda-1554841.htm
Of particular interest to SND shareholders (from Hiighlights section):
- Coal production was up significantly from the first quarter of 2011 from 64,857 tons to 107,168 tons for the three months ended June 30, 2011, compared to 100,183 tons produced for the first three months of 2010, and 189,716 tons produced for the six months ended June 30, 2010. The improvement in tons produced for the three months ended June 30, 2011 is largely attributable to the improved utilization from the significant refurbishment program to equipment that was undertaken during the first quarter of 2011. The coal produced was from the Big Branch Project. The Company anticipates that the Sid Mining Project will commence production during the fourth quarter of 2011.
- The average sale price of the Company's coal during the second quarter of 2011 was up 23% to $65 as compared to $53 during the second quarter of 2010.