us earns ivanhoe mines 111309
On the homepage
Crimefighting
Out There
Mental health
Health care
Ivanhoe Mines 3rd-qtr loss narrows with revenue, lower exploration expenses
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
SAN FRANCISCO - Ivanhoe Mines Ltd., a Canada-based mining company, said Friday that its third-quarter loss narrowed as it recorded revenue and decreased its exploration expenses.
For the quarter that ended Sept. 30, Ivanhoe reported a loss of $69.8 million, or 18 cents per share, compared with a loss of $88 million, or 23 cents per share, in the year-ago quarter.
The company's revenue totaled $11.9 million; it had no revenue in the same quarter last year. Exploration expenses declined 27 percent to $43.5 million from $59.7 million last year.
Recent Business stories
Wyoming files new lawsuit challenging Yellowstone snowmobile rules - November 13, 2009
Wyoming files new lawsuit challenging Yellowstone snowmobile rules - The state of Wyoming filed a federal lawsuit Friday seeking to block the National Park Service from further restricting snowmobile numbers in Yellowstone National Park. More
Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Be the first to comment | Hide reader comments