North American Tungsten posts smaller loss

Jan 28, 2013 | 03:02 PM | Daniel Fitzgerald

Tags  North American Tungsten, tungsten prices, 2012 earnings, Cantung Mine, Stephen Leahy, Daniel Fitzgerald

NEW YORK — North American Tungsten Corp. Ltd. posted a Canadian $9.84-million ($9.78-million) net loss for its fiscal year ended Sept. 30, a 36.4-percent improvement from a C$15.48-million loss the previous year.

The Vancouver, British Columbia-based company recorded sales of C$107.52 million ($106.86 million), a 93.2-percent increase from C$55.65 million the previous year, despite lower second-half tungsten demand and prices.....

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