Grande Cache Coal hits a temporary snag, looking for better days ahead

摘要

Grande Cache Coal Corporation posted a net loss of 12,2 million C dollars for the quarter ended June 30, 2005 and revised its outlook for met coal sales downward from 1.7 to 1.6 million tonnes. Grande Cache is increasing its cost guidance from earlier estimates of 70.00 dollars /tonne To 80.00 dollars /tonne due to costs exceeding prior estimates and production delays during the second calendar quarter. During the period Grande Cache sold 0.1 million tonnes of coal, due to "the timing of vessels."