10
Apr
19:11
Strategic Minerals' Cobre mine doubles Q1 revenue
First-quarter and full-year sales at the Cobre iron mine in New Mexico appear to be in line with prior expectations, and owner Strategic Minerals has secured additional short-term funding, Kallanish learns from a press release from the parent.
The company is recording iron ore sales of $841,000 from Cobre for Q1, up 103% from the same period a year ago. This puts the company on track for its full-year revenue goal of more than $3.5 million.
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Very good overview of the weekly steel market.
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