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UPDATE: Pacific Coal Resumes Operations at its La Caypa Mine; Shares Skirt Year Lows

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Pacific Coal Resources Ltd. (PAK.V) has lost 1.5 cents this morning, or 4%. The stock is currently at 36 cents, just 0.5 cents above a year low of 35.5 cents.

Yesterday, PAK announced that it has resumed operations at its La Caypa mine, which were stalled by an illegal work stoppage by unauthorized personnel as announced in the Company's January 30, 2012 news release.

Operations at La Caypa resumed Saturday morning, and the company's production returned to normal levels by Sunday morning. The company will decisively work on catching up on lost production.

More than 933,000 PAK shares have changed hands so far.

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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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