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UPDATE: Forbes Coal Hikes 15% As Reports Increased Q4 Production

Forbes & Manhattan Coal Corp. (FMC.TO) said total run of mine production for the fourth quarter of 2013 was 363,000 tonnes, a 48% increase over the 246,000 tonnes produced in the third quarter of 2013 and a 20% increase over the fourth quarter of 2012.

Total saleable production for the fourth quarter of 2013 was 213,000 tonnes, a 40% increase from the previous quarter of 152,000 tonnes and an 8% increase over the fourth quarter of 2012.

February 2013 monthly production achieved a record ROM tonnage of 151,000 tonnes, a significant achievement over the 117,000 tonne monthly average of the last 12 months.

FMC has jumped 15% to 35 cents, trading near 52-week low 29 cents.

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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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