Forbes Coal Reports Consecutive Record Production and 23% Growth in Run of Mine Production for the First Quarter of Fiscal 2014

Forbes Coal (FMC.TO) reported record first quarter production at its Magdalena bituminous and Aviemore anthracite mines. Total run of mine production for the first quarter of fiscal 2014 was 447,000 tonnes a 23% sequential increase over the 364,000 tonnes produced in the fourth quarter of fiscal 2013, and a 16% increase over the first quarter of fiscal 2013. The combined operations produced record production levels in each of April and May 2013.

Total sales for the first quarter of fiscal 2014 was 261,000 tonnes a 55% sequential increase from the previous quarter of 168,000 tonnes and a 12% increase over the first quarter of fiscal 2013.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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