Labrador Iron Mines Reports Operating, Financial Results

Labrador Iron Mines Holdings Limited (TSX:LIM) reported its operating and financial results for the quarter ended September 30, 2012.

As quoted in the press release:

Highlights

  • LIM demonstrated its mine-to-port operational ability to produce, rail and sell up to 250,000 tonnes of iron ore product per month from its James mine since commencing the 2012 operating season.
  • LIM mined approximately 962,000 tonnes of ore at a grade of 60.8% iron (“Fe”) for the three months ended September 30, 2012, which represents a 40% increase quarter-over-quarter.
  • LIM railed approximately 706,000 tonnes of ore to the Port of Sept-Îles during the quarter. In October, LIM surpassed a major milestone, having railed over two million tonnes to the Port of Sept-Îles since commencing mining operations in June 2011.

Click here to read the Labrador Iron Mines Holdings Limited (TSX:LIM) press release.