NATC reports Q2 record earnings
Vancouver-based North American Tungsten Corporation reported tungsten concentrate sales of 82,099 tonnes for the quarter ended June 30, a 14 per cent increase over the previous quarter. The financial returns for the quarter were a record $16 million with prices averaging $195 a tonne. The concentrate was mined at the company’s Cantung property in northwest Canada which, along with its Mactung property, constitutes the largest tungsten ore reserves outside China.
In another development, Malaga Inc, based in Montréal, reported that its Pasto Bueno mine and mill in Peru processed 6,958 metric tons of tungsten ore in June.