North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

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...

For access to this article please sign in or subscribe.


Reader Comments


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019