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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.