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Article: Consolidated Thompson Announces Third Quarter Financial Results.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, QUEBEC, Nov 5, 2009 (Marketwire via COMTEX) -- Consolidated Thompson Iron Mines Ltd. (TSX:CLM) ("CLM" or the "Company") announces that it has filed its unaudited interim financial statements on SEDAR and provides the following update:
- Mine site development is progressing according to budget included in the feasibility study. Production is expected to begin in December 2009 and shipment in the first quarter of 2010. As at September 30, 2009, over $400 million had been spent on the development of the Bloom Lake mine including over $100 million in the last quarter.
- As at September 30, 2009, the Company had total cash resources (including ...