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Rare-earth miner Molycorp Inc.’s third-quarter loss widened more than analysts expected as the company paid $6.5 million of stock-based compensation in its first quarter reporting as a public company.
Greenwood Village-based Molycorp posted a loss of $10.1 million, 14 cents a share, compared with a year-earlier loss of $6.9 million, 18 cents a share, as the latest period had $6.5 million in stock-compensation costs. Analysts polled by Thomson Reuters had forecast a 10-cent loss. Revenue more than quadrupled to $8.4 million.
