Grande Cache Coal: Will operating the surface mine with its own staff, equipment be the ticket for lowering production costs?

摘要

Grande Cache Coal (GCC) posted a revenue of 29.8 million Canada dollars in the third quarter, which was earned on sales volumes of 0.3 million tonnes. The average sales price was 103.00/US dollars/tonne. GCC's cost of coal produced tallied in at 63.00 Canada dollars/tonne in the third quarter, compared to 104.00 Canada dollars/tonne in the third quarter of 2005. Net loss for the third quarter totaled 1.8 million Canada dollars. EBITDA (earnings before interest, tax, depreciation and amortization) was 0.4 million Canada dollars in the third quarter and 4,0 million Canada dollars in the year-to-date.