sector: Basic Materials ·
industry: Steel ·
Consolidated Thompson Iron Mines Limited is a junior mining company. The Company’s primary focus is in Quebec with its Bloom Lake iron ore property. The Bloom Lake iron ore property is located in the Caniapiscau region. The Bloom Lake Iron Ore Deposit is a 640 million ton ore body. Its other properties include Peppler Lake & Lamalee Iron Ore Deposits and Mont Gueret North Graphite Project. On June 27, 2008, it completed the acquisition of Quinto Mining Corporation, a junior mining exploration company with properties in Quebec, including iron ore properties in the Labrador Trough.
BRIEF: For the six months ended 30 June 2009, Consolidated Thompson Iron Mines Limited reported no revenues. Net loss increased 7% to C$16M. Revenues reflect the Company being in the development stage of operations. Higher loss reflects increased general & administrative expenses, decreased interest income, lower unrealized gain on warrants, increased interest expenses and the presence of foreign exchange loss.
Consolidated Thompson Iron Mines Limited
65 Queen Street West,
Suite 815,
Toronto ON M5H 2M5
P: +1416.8615907
F: +1416.8618165