Breakwater to develop new mine; records third-quarter loss of $1.3M

Nov 11, 2005 | 08:45 AM |

Enthusiasm about the development of the Langlois Mine in northwestern Quebec was tempered as Breakwater Resources Ltd., Toronto, slipped into the red with a third-quarter loss of Canadian $1.6 million ($1.3 million) on an 8.8-percent rise in revenue to C$71.9 million ($60.4 million) vs. the third quarter last year.

BREAKWATER RESOURCES LTD.(in thousands except per share) 200520043rd qtr. ended Sept. 30Revenue$71,933$66,109Net income (loss)(1,579)2,386Per share-0.019 months ended Sept. 30Revenue$255,615$178,755Net income4,9288,961Per share0.010.02In Canadian dollarsThe company blamed the loss on a one-time charge of C6.7 million related to the final reclamation work at the former Nanisivik zinc mine, which was closed in September 2002.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results