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Company News Summary
Northern Iron Reports Negative Cash Flow of $302,000 for the June 2012 Quarter
02 Aug 2012 | 10:29:00 | Associate analysts | Increase | Decrease | 
Original announcement: Quarterly Cashflow and Activities Report
Northern Iron reported negative cash flow of $302,000 for quarter ended 30 June 2012. Operating cash flow for the period was $4.24m. Payments for exploration and evaluation were $(413,000). Investing cash flow was $(7.78m). Financing cash flow was $3.24m. Cash in hand at the end of the quarter was $21.25m. The Company reported concentrate production was 480 kt for the quarter, up 30% on the same quarter last year and down 4% on the previous quarter; concentrate sales was 464 kt for the quarter, up 16% on the same quarter last year and down 8% on the previous quarter; and concentrate quality significantly improved compared to prior periods, underpinning improved pricing and volume of European sales.
Consolidated Statement of Cash Flow for the Quarter ended 30 June 2012
| Current Quarter $US'000- 30 June 2012 | Year to Date $US'000-6 Months | |
| Net Operating Cash Flows | 4,243 | 12,566 |
| Net Investing Cash Flows | (7,784) | (16,040) |
| Total Operating and Investing Cash Flows | (3,541) | (3,474) |
| Net Financing Cash Flows | 3,239 | (3,518) |
| Net Increase (Decrease) in Cash Held | (302) | (6,992) |
| Cash at Beginning of Quarter/Year to Date | 24,039 | 28,618 |
| Cash at End of Quarter | 21,250 | 21,250 |
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