Pacific Coal Resources Ltd. announces 2012 year-end financial results

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, April 30, 2013 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK)\n has filed today its audited annual consolidated financial statements\n for year ended December 31, 2012, together with its management's\n discussion and analysis (\"MD&A\") and annual information form for the\n corresponding period. All financial figures contained herein are\n expressed in U.S. dollars unless otherwise noted. These documents will\n be posted on the Company's website at www.pacificcoal.ca and under the Company's profile at www.sedar.com.\n\n\nHernan Martinez, Executive Chairman, commented: '\"In 2012, the Company\n faced operational issues and a contraction of international coal\n prices. The Company endured this, undertaking a substantive\n revitalization and altering its strategic focus, including a re-focus\n on core competencies and significant operational changes at our\n producing thermal coal mine sites.\" Looking to 2013, Mr. Martinez said\n \"This year, we look forward to realizing the benefits of the strategic\n re-focus and to creating further efficiency and bolstering Company\n performance.\"\n\n\nFinancial and Operating Summary\n\n\nA summary of the financial and operating results for the fourth quarter\n and full year of 2012 is as follows:\n\n\n\n\n \n\n\n \n\n \n\n \n\n\n\n\n \n\n\nFourth Quarter\n\n \n\nTwelve Months Ended December 31\n\n\n\n\n(000's except per share and operating data)\n\n\n2012\n\n \n\n2011\n\n \n\n2012\n\n \n\n2011\n\n\n\n\n \n\n\n \n\n \n\n \n\n \n\n \n\n \n\n   \n\n\n\n\nOperational\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n   \n\n\n\n\nTonnes of coal produced\n\n \n\n \n\n\n274,756\n\n \n \n\n \n\n\n356,541\n\n \n\n \n\n\n1,268,082\n\n \n\n \n\n\n1,426,750\n\n\n\n\nAverage stripping ratio - operations\n\n \n\n \n\n\n11.11:1\n\n \n \n\n \n\n\n7.79:1\n\n \n\n \n\n\n10.71:1\n\n \n\n \n\n\n7.48:1\n\n\n\n\nTonnes of coal sold(1)\n\n \n\n \n\n\n304,165\n\n \n \n\n \n\n\n477,127\n\n \n\n \n\n\n1,270,114\n\n \n\n \n\n\n1,694,516\n\n\n\n\nAverage realized price per tonne sold\n\n \n\n$\n\n\n99.96\n\n \n \n\n$\n\n\n101.12\n\n&#...

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