PolyMet Mining Trims Q3 Net Loss, Says SDEIS May Not Meet January Release


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PolyMet Mining Corp. (POM.TO,PLM) is flat at $1.09 a share in light volume on both sides of the border with the copper-nickel miner in northeastern Minnesota reporting a $46,000 Q3 net loss, down from a $263,000 loss in the year-ago period.

The company also said it continues to make significant progress with enviromental reviews by state and federal agencies, although the January 2012 goal of completing a Supplemental Draft Environmental Impact Statement likely will be several weeks behind schedule becuase of delays in analyzing model inputs.

("PolyMet" or the "Company") today provided an update on corporate developments and progress at its NorthMet project. The Company also reported its financial results for the three months ended October 31, 2011. PolyMet controls 100% of the development-stage NorthMet copper-nickel-precious metals ore-body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

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This article appears in: Investing , Commodities

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