NEW YORK Canadian Zinc
Corp. reported a net loss of Canadian $19.9 million ($19.4
million) in 2012, narrowing from a net loss of C$33.4 million a
The Vancouver, British
Columbia-based companys 2012 loss included a
mark-to-market loss of C$8.8 million ($8.6 million) on its
marketable securities in Vatukoula Gold Mines Plc in Fiji and
higher exploration and evaluation expenses.
Canadian Zinc invested C$9
million ($8.8 million) in exploration and evaluation programs
at its Prairie Creek zinc-silver-lead mine in Canadas
Northwest Territories in 2012, up from C$5.5 million in 2011.
The increase was related primarily to its diamond drilling
program, camp operation costs, completion of a preliminary
feasibility study, ongoing permitting and initiation of various
mine planning activities, the company said.
This year, Canadian Zinc will
focus on gaining the necessary permits to bring the Prairie
Creek Mine into production.