This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Corsa Files Second Quarter 2013 Financial Results

TORONTO, July 29, 2013 /PRNewswire/ - Corsa Coal Corp. (TSXV: CSO) ("Corsa" or the "Company") announces that it has filed its Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis for the three months and six months ended May 31, 2013 on SEDAR and has posted these documents to its website www.corsacoal.com.

Second Quarter highlights included:

  • Metallurgical coal sales of 83,000 tons.
  • Maintains sales guidance at 300,000 to 320,000 tons of metallurgical coal for fiscal 2013.
  • Cash cost of metallurgical coal sales of $71 per ton (1).
  • Successful commencement of the Company's first highwall mining operation at the Hemminger surface mine and commencement of operations at Ankeny surface mine.
  • Conditional TSXV acceptance of the Quintana transaction and closing scheduled for on or about July 31, 2013.

Refer to the Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis for the three and six months ended May 31, 2013 for the details of the financial performance of the Company and the matters referred to in this release including the technical reports and independent qualified person.

Don Charter, President and Chief Executive Officer, stated "The second quarter was a great quarter for the Company operations. With the Casselman mine operating for virtually the entire quarter at full production with the current two unit configuration, we were able to achieve further cost reductions with a cash cost of $38 per ROM ton (2) of coal produced at the Casselman mine during the quarter. In addition, the commencement of the Hemminger high wall operation and opening of the Ankeny surface mine together with entering the final stage of permitting of the Acosta underground project the Company is well positioned for continued expansion. Corsa continues to successfully position itself as a new and expanding US supplier of low volatile metallurgical coal"

(1) (2)  These are non-GAAP measures. See "Non-GAAP Measures" below.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs