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Apr 21, 2016 @ 8:57

Atlas Mining sinks to P814-M loss in 2015

 

MANILA, Philippines – Listed Atlas Consolidated Mining and Development Corp. incurred a net loss of P814 million last year, weighed down by low metal prices.

This was a reversal of the P397 million net income reported in 2014.

Atlas Mining, however, said the P814 million loss was an improvement from the P1.3 billion loss in the first nine months of 2015 on the back of increased production volumes and ongoing cost efficiency improvements.

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