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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

  • The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
  • Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

CONTINENTAL ENERGY  Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Top Stories

  • FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

  • LOMIKO METALS (TSXV:LMK) Paul Gill Discusses Exploration Initiative with James West of Midas Letter Read More   |   *SPONSOR
  • GRAPHITE DEMAND Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More

 

 

Message: La Mancha Blog Entry August 7th

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La Mancha Blog Entry August 7th

posted on Aug 07, 09 03:55PM

La Mancha Posts Record Quarterly Net Earnings as Gold Production Rises 47%

Highlights from the press release include:

Key Points:

SECOND QUARTER HIGHLIGHTS

- Net earnings of $6.1 million

- Cash flow from operating activities of $6.6 million

- Corporate debt decreases to $12.2 million while cash and short term investments grow to $18.4 million

- Record quarterly gold production of 27,755 ounces at an average cash cost of US $484 per ounce

- Gold production up 47% and cash costs per ounce down 21% year over year

- Company reaffirms its 2009 gold production target of 100,000 ounces

- Michel Cuilhe to step down as CEO and Chairman of the Company

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