Concentrate production increased to 74,652 mtus WO

3

(and metallurgical recovery improved to 78.4%. Revenues were $19.3 million, compared with  $11.4 million in the previous quarter.


 
During Q3 NA Tungsten's concentrate sales totalled $19.3 million, compared with $11.4 million for the three months ended March 31, 2011. Mine operating costs were $17.2 million including depreciation of $1.0 million which resulted in a gross margin of $2.2 million for Q3.