Iberian Minerals Corp Reports Q2 Results

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Base and precious metals producer Iberian Minerals Corp. (IZN.V) said it recorded Q2 net income of $47.8 million or $0.13 per registered share which included: sales of $86.14 million and gross loss of $7.36 million; a realized loss of $58.50 million on commodity hedges (included in sales) which caused the gross loss; an unrealized non-cash gain of $65.36 million on derivative financial instruments outstanding, principally as a result of commodity hedging positions in copper and zinc that were delivered into during the period and were thus retired.

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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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