Chang Shan Hao Gold Mine
Gold production and acquisitions in China.
Message: NR quar results...cost still high @ $526
VANCOUVER, CANADA – Jinshan Gold Mines Inc. (TSX: JIN) has filed its third quarter
Financial Statements and MD&A with SEDAR. Copies of these documents are available at www.sedar.com . Financial Results ( $ in millions of US dollars, except per share information) Three months ended Nine months ended 2009 2008 2009 2008 Revenue $ 21.04 $ 13.10 $ 4 7.04 $ 1 3.10 General and administrative (1.28) (1.49) (2.95) (5.09) Exploration expenses 0.40 (1.03) (1.00) (3.33) Foreign exchange gain (loss) (3.31) 1 .67 (5.44) 2 .74 Interest on notes payable (2.16) (1.48) (5.66) (1.82) Net loss and comprehensive loss (2.68) 2 .49 (5.13) (2.53) Mine operating earnings 6.55 4 .98 13.21 4.98 Basic and diluted loss per share $ (0.02) $ 0.02 $ (0.03) $ (0.02) September 30, September 30, Highlights for the Quarter ‐ In excess of a 50% increase in revenue from gold sales as compared to Q3 2008,
to $21 million from $13 million ‐ Record gold production for the quarter of 28,543 ounces ‐ Mine operating earnings (revenue less cost of sales) of approximately $5 million ‐ Reduction in cost of gold sold per ounce compared to Q3 2008 to $526 from $646 ‐ Income of ($0.9 million) after accounting for $3.31 million in unrealized foreign exchange
charges ‐ Reduction in G&A to $1.28 million
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