Pacific Coal Resources Ltd. announces first quarter 2013 financial results

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[{"type":"text","content":"\n\n\nTORONTO, May 31, 2013 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK)\n has filed its unaudited interim condensed consolidated financial\n statements for three months ended March 31, 2013, together with its\n management's discussion and analysis (\"MD&A\") for the corresponding\n period. All financial figures contained herein are expressed in U.S.\n dollars unless otherwise noted. These documents will be posted on the\n Company's website at www.pacificcoal.ca and under the Company's profile at www.sedar.com.\n\n\nHernan Martinez, Executive Chairman, commented: '\"The first quarter of\n 2013 began to bear positive results as a consequence of the strategic\n changes undertaken by the Company in the second half of 2012. We will\n continue to aspire to greater cost savings and leveraging our assets to\n maximize the Company's potential.\"\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\nFirst Quarter\n\n\n(000's except per share and operating data)\n\n \n \n \n\n2013\n\n \n \n \n \n\n2012\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\n\n223,346\n\n \n \n \n\n \n\n\n317,070\n\n\nAverage stripping ratio - operations\n\n \n \n\n \n\n\n10.28:1\n\n \n \n\n \n\n \n\n10.83:1\n\n\nTonnes of coal sold(1)\n \n \n\n \n\n\n220,751\n\n\n \n\n \n \n \n\n260,495\n\n\nAverage realized price per tonne sold\n\n \n \n\n$\n\n\n            99.10\n\n \n \n \n\n$\n\n\n         103.27\n\n\nOperating margin per tonne sold\n\n \n \n\n$\n\n\n           (4.06)\n\n \n \n \n\n$\n\n\n        (26.84)\n\n\n \n\n \n \n\n \n\n\n \n\n \n \n\n&...

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