EDMONTON, ALBERTA--(Marketwire - Oct. 30, 2012) - Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (ABM.V) is pleased to announce the filing of its Q3 financial results for the three and nine month periods ended August 31, 2012.
For the third quarter, the Corporation reports results as follows:
-- Revenue in the amount of $3,582,344 compared with $2,613,379 during Q3
2011, an increase of 37.1%;
-- Net income of $2,044,148 during Q3 2012, an increase of $936,083 or
84.5% over Q3 2011 net income of $1,108,065;
-- Aggregate tonnes sold during Q3 2012 was 32.5% greater than during Q3
2011 (3,315,751 vs. 2,502,195 tonnes);
-- 2012 year- to- date tonnes sold was 61.2% above the comparative nine
month period (7,812,633 vs. 4,846,926 tonnes);
-- Work camp operator expands lodging facility; and accommodation volume is
rising, resulting in a Gain on the Land Use Agreement for Athabasca; and
-- Net income of $3,549,808 after nine months, an increase of $2,078,918 or
141.3% over Q3 YTD 2011 net income of $1,470,890
"Current year aggregate demand at the Susan Lake pit has significantly exceeded last year's volumes in each of three reporting quarters to date. At the Corporation's Kearl pit, Athabasca is now fully equipped with its own aggregate crushing equipment and operating crews and is actively producing inventory for sale during our final fiscal quarter of 2012. We are very pleased by the continuing profitability increases the Corporation has generated and the shareholder value that has been created after three fiscal quarters." reported Dom Kriangkum, President & CEO.
PS. Great financials, too bad for the fluffy specs and wannabe stocks. Great job, Fabrice.