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
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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 ea...
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