🕐01.03.10 - 17:25 Uhr
Minefinders Announces 2009 Financial Results And Reports First Profitable Quarte r In Q4 2009; Expects Improved Output And Lower Cash Costs Per Ounce In 2010
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News Release - March 1, 2010
Minefinders Announces 2009 Financial Results And Reports First Profitable Quarter In Q4 2009; Expects Improved Output And Lower Cash Costs Per Ounce In 2010
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(All figures are in United States dollars unless otherwise stated)
Vancouver, British Columbia March 1, 2010 Minefinders Corporation Ltd.
today announced
its 2009 financial results and reported that the fourth quarter of 2009 was the first profitable
quarter in the Companys history.
Minefinders also stated that it expects improved output of gold
and silver and lower cash costs per ounce in 2010 from its Dolores Mine in Mexico.
In the fourth quarter of 2009 we became a profitable producer, said Mark Bailey, President and
CEO of Minefinders.
From quarter to quarter in 2010, we expect that production at Dolores will
trend upward while cash costs per ounce will trend downward.
We also intend to position
Minefinders for long-term success through exploration activity at Dolores and two of our other
properties, while considering potential strategic value-added acquisitions.
To read the complete news release, please see our web site at http://minefinders.com/_resources/nr/NR_2010-03-01.pdf
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