Facebook Twitter

Mining Services of Sandy notes increase in net income

SHARE Mining Services of Sandy notes increase in net income

Mining Services International, 8805 S. Sandy Parkway, a company manufacturing explosives for the mining industry, had net income of $1.1 million or 15 cents per share in the quarter ending March 31 compared with net income of $688,000 or 12 cents per share in the same quarter a year ago.

John T. Day, president and chief executive officer, said he was pleased with the quarter's financial results. A new plant at Cyanco, which began operations March 20, is enabling the company to respond to a demand for process chemicals in the western United States gold-mining region.