Molycorp registers further large losses but substantially reduces opex
Published: Tuesday, 17 March 2015
Whether or not Molycorp can continue to avoid bankruptcy is still under question in light of the company’s latest set of financial results. Another substantial loss, set against significant leveraging is continuing to make for fractious relationships with investors, though certain measures, including opex reduction efforts, now appear to be making a difference.
Struggling US-based rare earths producer
Molycorp Inc. has posted
another quarterly loss, filing a negative net income of just
under $348m for the fourth quarter of 2014, equivalent to a
loss of $1.43/common share.
Despite the substantial continued losses, investors may find
comfort in both increased production volumes —...