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By Patricia Jones
Mining News Editor 

Red Dog posts dramatic turnaround

Higher market prices helps zinc and lead mine post $50M profit in 2003, a significant change from $28M loss in 2002

 

Last updated 2/15/2004 at Noon



An increase in sales coupled with significantly higher zinc and lead prices helped the Red Dog Mine in northwest Alaska post a $50 million profit in 2003, turning round from a $28 million loss posted the prior year.

Red Dog's operator, Teck Cominco Ltd., released its fourth quarter and year-end reports for 2003 on Feb. 4, announcing net earnings of $149 million for the mining company. Higher e...



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