Low prices drive NA Tungsten to loss in qtr.
Aug 27, 2013 | 05:31 PM
| Daniel Fitzgerald
NEW YORK North American Tungsten Corp. Ltd. recorded a net loss in its fiscal third quarter due in part to tungsten prices that failed to reach last years levels.
The Vancouver, British Columbia-based company posted a net loss of Canadian $6.3 million ($6 million) for the three months ended June 30, nearly triple the C$2.2-million net loss recorded in the same period last year, on sales that fell 3.6 percent to C$21 million ($20 million).....
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