Inter-Citic Minerals Inc., a development stage company, engages in the acquisition, exploration, and development of mineral properties in the People’s Republic of China. It is exploring the Dachang gold project, which consists of 4 exploration licenses covering an area of approximately 279 square kilometers located in Qinghai province, the People's Republic of China. The company was formerly known as Inter-Citic Mineral Technologies Inc. and changed its name to Inter-Citic Minerals Inc. in December 2003. Inter-Citic Minerals Inc. was incorporated in 1985 and is headquartered in Markham, Canada. As of November 19, 2012, Inter Citic Minerals Inc. operates as a subsidiary of Western Mining Co. ...
60 Columbia Way
Markham, ON L3R 0C9
Founded in 1985
Inter Citic Minerals Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 31, 2012
Oct 10 12
Inter Citic Minerals Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2012. For the quarter, loss and comprehensive loss for the period was CAD 1,342,544 compared to CAD 871,051 for the same period a year ago. Basic and diluted loss per common share was CAD 0.01 compared to CAD 0.01 for the same period a year ago.
For the nine months, loss and comprehensive loss for the period was CAD 3,393,939 compared to CAD 4,752,230 for the same period a year ago. Basic and diluted loss per common share was CAD 0.03 compared to CAD 0.04 for the same period a year ago. Cash used in operating activities was CAD 3,026,354 compared to CAD 2,889,020 for the same period a year ago. Property, plant and equipment acquisitions were CAD 35,455 compared to CAD 34,382 for the same period a year ago.