Roca Mines Inc. has released its unaudited financial results for the three and nine month periods ended May 31, 2009, including output and sales from the MAX molybdenum mine located in British Columbia, Canada. All dollar amounts are stated in Canadian dollars unless otherwise indicated. For full story, click here
Molybdenum miner Roca Mines has mothballed all exploration projects, slashed its workforce by 20 percent and halted plans to double output, in an effort to combat the effects of the global slump. For full story, click here
Roca Mines Inc. declared that it has released its unaudited financial results for the three and six month periods ended February 28, 2009, including production and sales from the MAX molybdenum mine located in British Columbia, Canada. For full story, click here
Roca Mines Inc. reported its unaudited financial results for the three-month period ended November 30, 2008, including production and sales from the MAX molybdenum mine. The company reported average molybdenum recoveries of over 95% during the quarter. For full story, click here For ROCA’s website, click here
The global economic slowdown is affecting both the demand, and price for molybdenum. To cope, companies are planning output cuts and plotting new investment strategies. For the few companies that have a very strong financial position, they are on the look out for acquisitions.
Roca Mines Inc. provided production review for its MAX Molybdenum Mine and an outlook for ongoing operations. The MAX Molybdenum Mine has recently produced 245,754 lbs of molybdenum during September 2008 and 187,979 lbs of molybdenum during October 2008. For full story, click here For Roca’s website, click here
Molybdenum exploration has been on a fast track this year, as a shortage in supply and an increase in demand have pushed prices of the alloying metal up and up. Until recently, moly has held stable despite all the challenges on Wall Street.
Roca Mines Inc. (ROK: TSX-V) reported that a possible new molybdenum zone has been found near the recently completed Adit #2 at the MAX Molybdenum Mine. For more information, click here For Roca Mines’ website, click here
Roca Mines Inc. reported its Q3 results, including production and sales from the MAX Molybdenum mine located in British Columbia, Canada. For full story, click here
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