Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category
Corsa Increases Fourth Quarter Guidance
Published : November 12, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Capital Markets | Coal | Market | Recovery |

Corsa Increases Fourth Quarter Guidance

TORONTO, Nov. 12, 2012 /CNW/ - Corsa Coal Corp. (TSXV: CSO) ("Corsa" or the "Company") announces an increase to its fourth quarter guidance. Based on new sales contracts, the Company now expects to ship approximately 75,000 tons in the calendar fourth quarter of which it expects 55,000 tons to be taken into sales in its fiscal fourth quarter and the remainder to fall into next fiscal year sales. The Company had previously given guidance that it expected to ship 32,000 tons of met coal in its fiscal fourth quarter. As a result, the Casselman mine, temporarily idled in mid-October, has recommenced full operations together with its coal preparation plant. The Company has continued to be successful in achieving sales as a result of the superior quality of its low volatile met coal product. The Company continues to actively market its 2013 production and will continue to match its production to actual sales.

Information about Corsa

Corsa's main operating subsidiaries are Wilson Creek Energy LLC and Maryland Energy Resources LLC based in Somerset County, Pennsylvania.  Its primary business is the mining, processing and selling of metallurgical coal, as well as actively exploring,   acquiring   and   developing   resource   properties consistent with its coal business.

Forward-Looking Statements

Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates", "expects" "anticipates", "believes", "projects", "plans", "outlook", "capacity" and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks that the actual production or sales for the fourth quarter of 2012 and 2012 fiscal year will be less than projected production or sales for these periods; risks that the prices for coal sales will be less than projected; liabilities inherent in coal mine development and production including restarting idled mines; geological, mining and processing technical problems; inability to obtain required mine licenses, mine permits and regulatory approvals or renewals required in connection with the mining and processing of coal; risks that the Company's coal preparation plant will not operate at production capacity during the relevant period, unexpected changes in coal quality and specification; variations in the coal mine or coal preparation plant recovery rates; dependence on third party coal transportation systems; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; changes in the regulations in respect to the use, mining and processing of coal; changes in regulations on refuse disposal; the effects of competition and pricing pressures in the coal market; the oversupply of, or lack of demand for, coal; inability of management to secure coal sales or third party purchase contracts; currency and interest rate fluctuations; various events which could disrupt operations and/or the transportation of coal products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the ability to purchase third party coal for processing and delivery under purchase agreements; and management's ability to anticipate and manage the foregoing factors and risks. The forward-looking statements and information contained in this press release are based on certain assumptions regarding, among other things, future prices for coal; future currency and exchange rates; the Company's ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; the regulatory framework representing royalties, taxes and environmental matters in the countries in which the Company conducts business; coal production levels; and the Company's ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this press release unless required by law. The statements as to the Company's capacity to produce coal are no assurance that it will achieve these levels of production or that it will be able to achieve these sales levels.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Corsa Coal Corp.

For further information:

Corsa Coal Corp.:

Don Charter,
President and Chief Executive Officer
416-214-9800
communication@corsacoal.com
www.corsacoal.com

Companies Mentionned : Coal & Allied Industries | Energy X X I | Reliance |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Corsa Capital Limited

CODE : CSO.V
ISIN : CA22041E1043
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Corsa Capital Ltd. is an exploration gold company based in Canada.

Corsa Capital Ltd. holds various exploration projects in Canada.

Its main exploration property is SY GOLD PROJECT in Canada.

Corsa Capital Ltd. is listed in Canada. Its market capitalisation is CA$ 96.5 millions as of today (US$ 74.1 millions, € 66.7 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 1.14, and its lowest recent point on February 26, 2016 at CA$ 0.02.

Corsa Capital Ltd. has 1 379 239 936 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Corsa Capital Limited
6/3/2015Coal Appoints Kevin Harrigan as Chief Financial Officer and ...
6/3/2015Coal Appoints Kevin Harrigan as Chief Financial Officer and ...
Financials of Corsa Capital Limited
6/2/2015Coal Announces Financial Results for First Quarter 2015 and ...
5/1/2015Coal Announces Financial Results for Fourth Quarter 2014 and...
8/27/2014Reports Second Quarter and First Half 2014 Financial Results
5/13/2014Reports First Quarter 2014 Financial Results
7/29/2013Files Second Quarter 2013 Financial Results
3/12/2013Announces First Quarter Sales and Increases 2013 Sales Guida...
2/12/2013Files Fiscal 2012 Financial Results
11/12/2012Increases Fourth Quarter Guidance
4/29/2011Files First Quarter 2011 Financial Results
Project news of Corsa Capital Limited
1/9/2015Coal Announces Reduction in Workforce and Production Rationa...
Corporate news of Corsa Capital Limited
11/11/2015Corsa Coal Announces Financial Results for Third Quarter 201...
10/23/2015Corsa Announces Completion Of Private Placement Of Common Sh...
10/21/2015Lorito Holdings S.à.r.l. and Zebra Holdings and Investments ...
10/21/2015Corsa Announces Private Placement of Common Shares for US$7....
9/1/2015Corsa Coal Announces Financial Results for Second Quarter 20...
6/24/2015Corsa Coal Announces Release of Updated Investor Presentatio...
6/24/2015Coal Announces Release of Updated Investor Presentation and ...
6/3/2015Corsa Coal Appoints Kevin Harrigan as Chief Financial Office...
6/2/2015Corsa Coal Announces Financial Results for First Quarter 201...
5/1/2015Corsa Coal Announces Financial Results for Fourth Quarter 20...
5/1/2015Corsa Coal reports 4Q loss
2/13/2015Corsa Coal Appoints Peter Merritts as President of its North...
2/2/2015Western Pacific Announces Issuance of Remaining Notes Relate...
1/9/2015Corsa Coal Announces Reduction in Workforce and Production R...
1/7/2015Quintana WRP Holding Company LLC - Early Warning Press Relea...
1/5/2015Western Pacific Announces Unsecured Note Financing
12/15/2014Corsa Coal Announces Analyst Day and Preliminary Outlook for...
12/15/2014Coal Announces Analyst Day and Preliminary Outlook for 2015
12/3/2014Corsa Grants Stock Options
12/1/2014Corsa Coal Announces Financial Results for Third Quarter 201...
10/14/2014Corsa Files Technical Report For PBS Coals
10/14/2014Files Techncial Report For PBS Coals
10/14/2014Corsa Files Techncial Report For PBS Coals
9/30/2014For Sale: Coal Mines for Investors Willing to Buck Trend
8/29/2014Correction of Exercise Price of Stock Options Granted
8/27/2014Corsa Reports Second Quarter and First Half 2014 Financial R...
8/20/2014Sprott Resource Corp. Announces Closing of Corsa Coal Corp.'...
8/20/2014Sprott Resource Corp. Announces Closing of Corsa Coal Corp.'...
8/20/2014Announces Completion of Acquisition of PBS Coals
8/20/2014Corsa Announces Completion of Acquisition of PBS Coals
7/21/2014Canadian firm buying Pennsylvania's PBS Coals Inc.
7/16/2014Additional Information on Corsa's Transaction to Purchase PB...
7/15/2014Announces Transformative Transaction to Purchase Low Volatil...
5/28/2014Coal announces release of updated Investor Presentation and ...
5/9/2014Files Updated Wilson Creek Technical Report
9/18/2013Coal announces release of updated Investor Presentation and ...
7/31/2013Coal announces completion of Quintana Transaction
7/25/2013Coal announces filing of technical report for the Kopper Glo...
7/25/2013Coal announces receipt of conditional listing approval for Q...
7/5/2013Provides an Update on the Quintana Kopper Glo Transaction
7/5/2013Provides an Update on the Quintana Kopper Glo Transaction
6/6/2013Announces Second Quarter Sales, Record Production at the Cas...
4/3/2013announces Hyundai Steel contract
3/22/2013Arranges a premium priced US$40 million financing and the Ac...
3/6/2013Files New Technical Report on Acosta Deep and Keyser Undergr...
10/30/2012Grants Stock Options
9/19/2012Announces Improvements at Casselman Mine and Q3 Sales In Lin...
5/19/2011Announces Closing of the Casselman Mine Acquisition and the ...
4/27/2011Announces Name Change
3/30/2011Provides Marketing and Wash Plant Update
3/22/2011Announces Agreement to Purchase the Casselman Mine and a US$...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CSO.V)
0.070+0.00%
TSX-V
CA$ 0.070
05/27 13:38 -
0%
Prev close Open
0.070 0.070
Low High
0.070 0.070
Year l/h YTD var.
0.020 -  0.090 180.00%
52 week l/h 52 week var.
0.020 -  0.120 -41.67%
Volume 1 month var.
6,000 -%
24hGold TrendPower© : 32
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016133.33%0.090.02
2015-82.35%0.200.02
20140.00%0.300.12
20130.00%0.220.08
2012-69.64%0.570.09
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Ormat technologiesORA
Document: Insider Ownership
US$ 43.38+0.21%Trend Power :
Anglo Asian Mining(Au-Cu)AAZ.L
FY2015 Results - Record gold production of 72Koz; 28.6Koz silver; 969t copper; and total revenues of
GBX 9.88-3.61%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Announces Third Quarter Dividend
US$ 55.02-1.49%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Announces New Nominees to Board of Directors
CA$ 0.18-11.90%Trend Power :
Hecla Mining(Cu-Le-Zn)HL
Hecla to Acquire Mines Management
US$ 3.91-3.69%Trend Power :
CabotCBT
Board Increases Dividend
US$ 45.53+0.55%Trend Power :
Ormat technologiesORA
Ormat Technologies Secures $36 Million Supply EPC Contracts for a Geothermal Power Plant in New Ze
US$ 43.38+0.21%Trend Power :
Ivanhoe Mines(Ag-Au-Cu)IVN.TO
Kamoa Copper Project initiates major drilling program at the ne
CA$ 0.99-3.88%Trend Power :
Energy Fuels(Cu-Ni-Zn)EFR.TO
Announces Election of Directors and Results of Shareholder Meeting and Filing of Renewal of Prelimin
CA$ 2.87-2.71%Trend Power :
Claude Resources(Au-Cu-Ngas)CRJ.TO
Shareholders approve acquisition of Claude Resources by Silver Standard
CA$ 2.08-6.73%Trend Power :
Canalaska(Ag-Au-Co)CVV.V
Enters into $20.4 Million Deal with De Beers
CA$ 0.60+0.00%Trend Power :
Treasury MetalsTML.TO
Closing $4.0 Million Offering
CA$ 0.48-2.04%Trend Power :
American ManganeseAMY.V
CLOSES $200,500 PRIVATE PLACEMENT
CA$ 0.02-20.00%Trend Power :
UEX(Au-Cu-Ur)UEX.TO
Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements
CA$ 0.22-4.44%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q1 2016 and Operations Update
CA$ 0.18-11.90%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces Results From Annual General Meeting
CA$ 0.98+0.00%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t gold over 3.8 Metres at the McVeigh Hor
CA$ 0.60-4.76%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Announces 2016 First Quarter Results
US$ 0.43-4.44%Trend Power :
Premier Gold Mines(Au)PG.TO
Strengthens Senior Management
CA$ 2.82-5.37%Trend Power :
St Barbara(Au-Cu-Ni)SBM.AX
Presentation to Melbourne Mining Club
AU$ 2.66+3.50%Trend Power :