Highlights of the quarter include: quarterly gross profit of $6.4 million (Q2 2011: $1.4 million), quarterly net income of $3.2 million (Q2 2011: loss of $0.1 million) and Iodine production of 338 tonnes (Q2 2011: 286 tonnes).
Iodine Mining News
Atacama Minerals Corp. (TSX VENTURE:AAM) ("Atacama" or "the Company") is pleased to provide the following report on the financial and operating highlights for the second quarter period ended June 30, 2011. The Company recorded significantly higher gross profits of $1.9 million for the quarter representing a 64% increase over the same period last year. Enjoying a 19% increase in iodine prices and a 15% increase in iodine sales volume, the Company's net loss was narrowed to $117,000 compared to $650,000 in the second quarter of 2010.