VANCOUVER - Ivanhoe Mines Ltd. (TSX:IVN) has reported a narrowing of its first-quarter loss as the Vancouver-based miner said its promising Oyu Tolgoi copper-gold project in Mongolia remains on track for commerical production next year.
Ivanhoe, 51 per cent owned by international mining giant Rio Tinto (NYSE:RIO), said after markets closed Tuesday that its net loss in the three months ended March 31 was US$80.6 million or 11 cents per share.
That compared with a net loss of US$492.5 million or 70 cents per share in the same 2011 period when the company took a US$432.5-million loss on a change in fair value of derivatives.
Ivanhoe, which also has a 58 per cent interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)and a 59 per cent interest in copper-gold miner Ivanhoe Australia (TSX:IVA), said revenue for the quarter was US$40.2 million, up from US$20.2 million in the same 2011 period. Ivanhoe narrows Q1 loss; signature Mongolian mine on target for production
2012, 5 сарын 17. 11:100
VANCOUVER - Ivanhoe Mines Ltd. (TSX:IVN) has reported a narrowing of its first-quarter loss as the Vancouver-based miner said its promising Oyu Tolgoi copper-gold project in Mongolia remains on track for commerical production next year.
Ivanhoe, 51 per cent owned by international mining giant Rio Tinto (NYSE:RIO), said after markets closed Tuesday that its net loss in the three months ended March 31 was US$80.6 million or 11 cents per share.
That compared with a net loss of US$492.5 million or 70 cents per share in the same 2011 period when the company took a US$432.5-million loss on a change in fair value of derivatives.
Ivanhoe, which also has a 58 per cent interest in Mongolian coal miner SouthGobi Resources (TSX:SGQ)and a 59 per cent interest in copper-gold miner Ivanhoe Australia (TSX:IVA), said revenue for the quarter was US$40.2 million, up from US$20.2 million in the same 2011 period. Энэ мэдээнд өгөх таны сэтгэгдэл?
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