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Property NewsNovember 5, 2010 Consolidated Thompson Iron Mines Ltd. reported financial and operational results for the third quarter ended September 30, 2010. Highlights include: The Corporation successfully achieved the first full quarter of production and shipments of high-quality iron ore concentrate from its Bloom Lake property, Quebec, Canada; quarterly profit with a net income of Can$46.4 million or Can$0.19 per diluted share; Cash flow from operating activities was positive for the first time in the third quarter at Can$51.0 million or Can$0.21 per share. July 27, 2010 Consolidated Thompson Iron Mines announced its first maritime shipment of iron ore concentrate to WISCO has departed the port of Sept Iles, Québec. The first ship bound for China was loaded with approximately 165,000 tonnes of high quality iron ore concentrate produced. July 6, 2010 Consolidated Thompson Iron Mines announced an update to previously released Feasibility Study to increase production of the Bloom Lake Iron Ore project from 8.0 to 16.0 million tonnes of concentrate per year expected to commence in the third quarter of 2012. |
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