Ivernia Inc. (TSX: IVW) today reported a net loss of $3.3 million, or $0.02 per common share for the first quarter of 2009 compared with a net loss of $6.9 million, or $0.05 per share for the same period last year. Revenue for the first quarter 2009 was $456,000 which resulted from the first trial shipment and sale of 590 dry metric tonnes of lead carbonate concentrate from the Esperance inventory stockpile. The remaining 7,400 dry metric tonne Esperance stockpile was shipped in the second quarter of 2009. The Company did not record revenue in the first quarter of 2008 as the Magellan Mine remained on temporary care and maintenance during the period.

Entire Quarter 1 '09 - http://www.ivernia.com/investors/pdf...