NMC Resource released its audited condensed consolidated financial statements for the year ended December 31, 2013. Depressed molybdenum market prices and uncertain capital market for the mining industry continue. The average moly market price was US$10.32 per pound in 2013. This price was 19% lower compared to 2012. Despite this price drop, NMC [...]
For the nine months ended September 30, 2013, NMC Resource produced 601 tonnes (667 wet tonnes) of molybdenum concentrates at 0.29% MoS2 mill head grade and at 92% recovery. Production increased by 7% compared to the corresponding period of 2012. On the other hand, sales revenue reduced by 7% to $6.8 million from last year due to 25% lower [...]
NMC Resource released its unaudited condensed consolidated financial statements for the six months ended June 30, 2013. Sold 448,970 pounds of molybdenum. Recorded $4.6 million in sales revenue. Recorded $1,070,147 in EBITDA at NMC Moland Mine. For the six months ended June 30, 2013, NMC Resource produced 386 tonnes (429 wet tonnes) of molybdenum [...]
NMC Resource recorded $2.3 million in sales revenue ($2.6 million - Q1, 2012) and net loss of $368,753 for the three months ended March 31, 2013. The sales revenue declined by 12.8% compared to the first quarter of 2012 due to lower molybdenum market price. For the first quarter ended March 31, 2013, NMC Resource produced 173 tonnes (193 wet [...]
During the year ended December 31, 2012, NMC Resource mined 285,419 tonnes of ore and produced 738 tonnes (820 WMT) of molybdenum concentrates, a 7% increase from 2011 (690 tonnes-2011). The cash cost per pound of molybdenum sold for 2012 was $8.82, a 6% improvement from 2011 ($9.43-2011). NMC Resource recorded $9.6 million in sales revenue ($11.9 [...]
NMC Resource is pleased to announce that it is raising, by way of non-brokered private placement of up to 6,666,666 units at a price of $0.15 per Unit, for aggregate proceeds of up to $1,000,000. Each Unit will consist of one common share in the capital of NMC Resource and one half of one common share purchase warrant. Each whole warrant will [...]
NMC Resource is pleased to announce that it has further amended the terms of the Boss Mountain Exploration Option Agreement dated August 12, as amended on April 18, 2012 and May 31, 2012. Under the terms of the Boss Mountain Option Agreement originally disclosed in the news release dated August 16, 2011, NMC Resource was granted an option to earn a [...]
NMC Resource recorded $7,315,421 in sales revenue for the nine months ended September 30, 2012, compared to $9,225,940 recorded for the corresponding period in 2011. The decrease is mainly due to lower molybdenum market price. During the period, the average moly market price was US$13.31 compared to US$16.19 for the corresponding period in 2011.
NMC is pleased to announce that an additional cone crusher and screen have been successfully installed in the underground crushing chamber at NMC Moland Mine. As a result, NMC Resource expects to increase its average daily throughput by 10% compared to Q2, 2012 production. The mill's daily capacity has now been increased to 1,300 tonnes per day [...]
