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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Inter Rock Minerals Inc | TSXV:IRO | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.62 | 0.57 | 0.62 | 0 | 01:00:00 |
Inter-Rock Minerals Inc. (TSX VENTURE:IRO) reported today its third quarter 2008 earnings. Inter-Rock had no income or loss for the quarter, compared to income of $118,000 for the same period in 2007. Third quarter EBITDA decreased to US$174,000 from US$377,000 in 2007. MIN-AD MIN-AD, Inc., Inter-Rock's industrial minerals subsidiary, reported a decrease in sales volume of 7%. The decline was exclusively due to fewer cattle-on-feed in Texas and Kansas which was a consequence of exceptionally high feed ingredient costs. Sales volumes in all other regions either increased or were steady. Volumes have increased in the fourth quarter due to a seasonal increase in feedlot populations and declining feed costs. Mineral Properties A drilling permit application has been submitted for a first phase of drilling at Inter-Rock's Stinagree Valley property. The primary purpose of phase one will be to test observed geophysical anomalies in order to assist with the development of a geological model. The soil sampling program has been completed at the Sentinel property. A total of 230 samples were gathered on a 100 foot grid at both the northern section of the property and at the southern boundary of a previously outlined anomalous gold zone. Assay results have been received and a compilation of results is expected by early December. Additional information is available at www.inter-rockminerals.com and on SEDAR at www.sedar.com.
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