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Grande Cache profit up, sees higher mining input costs
Grande Cache Coal Corp. reported a nearly fourfold rise in quarterly profit helped by higher selling prices, but said an increase in mining input costs or lower-than-expected production could impact its fiscal 2012 cost of sales.
In April, the Alberta-based metallurgical coal miner had cut its 2012 coal sales forecast by about 8 per cent saying production at one of its mines was delayed.
The No. 8 pit at the Smoky River Coalfield, which went into production in the summer of 2010, has been plagued with various problems.
Read the full article here.
Grande Cache Coal Corp. reported a nearly fourfold rise in quarterly profit helped by higher selling prices, but said an increase in mining input costs or lower-than-expected production could impact its fiscal 2012 cost of sales.
In April, the Alberta-based metallurgical coal miner had cut its 2012 coal sales forecast by about 8 per cent saying production at one of its mines was delayed.
The No. 8 pit at the Smoky River Coalfield, which went into production in the summer of 2010, has been plagued with various problems.
Read the full article here.