Intrepid Potash to idle Carlsbad West facility

摘要

Intrepid Potash posted a Q1 net loss of $18.4 million compared to a net income of $6.5 million in Q1 2015 and announced that it will idle mining operations at its Carlsbad West facility. The company’s adjusted net loss was $17.4 million during the reporting period, a decrease on the net income of $6.5 million previously. The West facility produced 42% of Intrepid’s potash production in 2015 but is expected to enter care and maintenance in July because the company does not believe that production justifies anticipated cash flow.