Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

NWM Mining Corporation NWMMF

Metals & Mining Gold


GREY:NWMMF - Post by User

NWM Mining Corporation > NR - NWM reports net income of $3.4M in 2012
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(10)
•••
Comment by zzthnxon May 01, 2013 10:07pm
269 Views
Post# 21327904

RE: NR - NWM reports net income of $3.4M in 2012

RE: NR - NWM reports net income of $3.4M in 2012

Good news all the way around. I'm happy that they abandoned the Auriga acquisition. I liked this part of the news release: "NWM was profitable despite completing a significant amount of waste stripping. A reversion to lower strip ratios in subsequent quarters will assist in yielding higher profits going forward. The waste to ore stripping ratio for the fourth quarter averaged 2.5:1 which was a significant decrease from the third quarter stripping ratio of 3.27:1. The Life of Mine average waste to ore stripping ratio for Lluvia de Oro mine is expected to be closer to 1.4:1 and profitability is expected to continually improve."

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities