Pacific Rim Mining Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2010. For the quarter, the company reported loss of $0.01 per basic and diluted share compared to $0.00 per basic and diluted share for the same period a year ago. Loss from continuing operations was $0.01 per basic and diluted share compared to $0.01 per basic and diluted share for the same period a year ago. Loss before taxes and discontinued operations was $1.04 million compared to $1.63 million for the same period a year ago. For the nine months, the company reported loss from continuing operations was $0.03 per basic and diluted share compared to $0.07 per basic and diluted share for the same period a year ago. Loss before taxes and discontinued operations was $3.28 million compared to $7.98 million for the same period a year ago. Amount spent on purchase of property, plant and equipment was $0.014 million compared to $0.006 million for the same period a year ago.

Pacific Rim Mining Corporation reported earnings results for the third quarter and nine months ended January 31, 2010. For the quarter, the company reported loss from continued operations of $1.0 million against $1.6 million a year ago. Loss for the period was $1.0 million against $0.38 million a year ago. Cash used in operating activities was $0.5 million against $1.7 million a year ago. Quarterly exploration expenditures were greatly reduced year over year, from $1.0 million in third quarter of 2009 to $0.5 million in third quarter of 2010. For the nine months, the company reported loss from continuing operations of $3.3 million or $0.03 per share, compared to $8.0 million or $0.07 per share during the same period a year earlier. Loss for the period was $3.2 million or $0.03 per share against $4.86 million or $0.04 per share a year ago. Cash used in operating activities was $1.26 million against $8.31 million a year ago.

Pacific Rim Mining Corporation received notice of acceptance by the NYSE AMEX LLC of the Company's listing compliance plan. The Plan was submitted to the NYSE AMEX in response to notification from the Exchange in late November, 2009 of the Company's non-compliance with Section 1003(a) (iii) of the NYSE AMEX Company Guide, having stockholders' equity of less than $6,000,000 at July 31, 2009, while sustaining losses from continuing operations and net losses in its five most recent fiscal years. With the Exchange's acceptance of the Plan, the Company's NYSE AMEX listing is expected to continue during the Plan period, up to May 11, 2011, subject to periodic review to determine whether the Company is making progress consistent with the Plan and conditions of NYSE AMEX. If the Company is not in compliance with the continued listing standards at the end of the Plan period, or if the Company does not make progress consistent with the Plan during the period, then the Exchange may initiate delisting proceedings.

Pacific Rim Mining Announces Fiscal 2010 Third Quarter Results

Pacific Rim Mining Announces Fiscal 2010 Third Quarter Results

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