TORONTO, ONTARIO--(Marketwired - Feb. 14, 2014) -
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Century Iron Mines Corporation (TSX:FER) ("Century" or "Century Iron" or the "Company") is pleased to announce that it has filed its consolidated financial statements for the third fiscal quarter ended December 31, 2013 and the related management's discussion and analysis ("MD&A") on SEDAR. The Company had as at December 31, 2013 cash and cash equivalents of $32 million and accounts receivable of $24 million, of which $12 million were tax credits receivable. In addition, its joint venture, Labec Century Iron Ore Inc. ("Labec Century"), had cash and cash equivalents of $22 million. The Company had exploration and evaluation assets of $26.1 million and an investment in Labec Century of $59.5 million as of December 31, 2013. A copy of the financial statements and MD&A are available under Century's SEDAR profile at www.sedar.com.
About Century
Century is an iron exploration and development company in Canada. The Company has significant interests in the prolific iron ore-producing region of the Labrador Trough in eastern Québec and western Newfoundland and Labrador, and several properties in western Québec. Century has two key strategic partners, WISCO International Resources Development & Investment Limited ("WISCO") and Minmetals Exploration & Development (Luxembourg) Limited S.àr.l., both Chinese state-owned enterprises. Each provides financial resources and technical expertise assisting the Company to advance its projects to production.
Century has interests in the following mineral exploration projects located in the Provinces of Québec and Newfoundland and Labrador:
The Company's mission is to enhance shareholder value through the development of iron projects in Canada and to become a major Canadian iron ore producer. Century Iron's website is: www.centuryiron.com.
Contact Information: