Metanor Reports Net Income of $2 Million for the Quarter Ended December 31, 2016; Raises Guidance

metanor, gold, quebec

Metanor Resources Inc., (TSX VENTURE:V.MTO) is pleased to report its financial and operating results for the quarter ended December 31st 2016 (fiscal Q2 2017)…

During the quarter, a higher feed grade resulted in more ounces sold and a reduction in operating costs, compared to the same quarter in 2015. The mine generated an operating income of $3.3 million which were reinvested into the exploration on the Bachelor, Moroy, and Barry properties.
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