North American Tungsten Corporation (TSXV:NTC) announced an agreement with Procon Mining & Tunnelling Ltd. for a schedule for payment of final amounts due in respect of a contract under which Procon provided mining services to the Cantung mine. The Company is now using its own workforce for such services.
North American Tungsten Corporation Ltd. (TSXV:NTC) reported a net loss of $4.0 million or $0.02 per share for its first quarter ending December 31, 2012 compared to net earnings of $6.6 million or $0.03 per share for the first quarter end of fiscal 2012. A record production of 80,693 mtus at the CanTung Mine since restart of operations in 2010 was also reported.
CBC News reported the Yukon's environmental screening agency has tentatively approved North American Tungsten's (TSXV:NTC) Mactung mine proposal with conditions.
North American Tungsten Corporation Ltd. (TSXV:NTC) has completed the Draft Screening Report for its MacTung Project, moving it closer to finalizing the environmental assessment as required under the Yukon Environmental and Socio-Economic Assessment Act.
North American Tungsten (TSXV:NTC) announced a net income of $2.5 million or $0.01 earnings per diluted share for the second quarter ending March 31, 2012.
North American Tungsten (TSXV:NTC) is a publicly traded resource company engaged primarily in the operation, development, and acquisition of tungsten and other related mineral properties in Canada. The Company's Cantung mine and Mactung project make it one of the few tungsten producers with strategic properties outside of China.
NASDAQ reported North American Tungsten (TSXV:NTC) had gained 15% by midday on Friday after it announced first quarter earning of $6.6 million.
North American Tungsten (TSXV:NTC) announced results from its continuing underground exploration program on its Cantung tungsten mine.
North American Tungsten Corporation Ltd. (TSXV:NTC) announced it has increased its credit facilities with HSBC Bank Canada.
Mineweb reports with strong tungsten prices and a renewed mining plan, North American Tungsten (CVE:NTC) reported a profit for the first time.
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