Labrador Iron Mines seeks investment after bigger loss

Feb 18, 2014 | 12:18 PM | Stacy Irish

Tags  Labrador Iron Mines, John Kearney, Rod Cooper, iron ore, earnings report, Stacy Irish

NEW YORK — Canadian iron ore producer Labrador Iron Mines Holdings Ltd. will need new external investment to continue mining in 2014, chairman and chief executive officer John Kearney said in the company’s fiscal third-quarter financial report.

Sales volumes were achieved at the expense of product quality, which impacted revenue as well as the bottom line, with the net loss for the three months ended Dec. 31 nearly doubling compared with the same period a year earlier, the Toronto-based company said in....

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