AGORACOM Small Cap TV - January 18th - Highlights
posted on
Jan 18, 2011 08:50AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s January 18, 2011, and we’ve found 4 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
La Mancha Achieves Record Gold Production in 2010 and Targets up to 135,000 Oz in 2011
La Mancha Resources Inc. (TSX: LMA)
announce that, in line with its production guidance, its consolidated gold production for 2010 reached a record 122,571 ounces, compared to 94,570 ounces of gold for 2009.
HIGHLIGHTS
--Record gold production of 122,571 ounces in 2010
--Gold production target of up to 135,000 ounces for 2011
--Average cash costs expected to be US $671 per ounce of gold
--Favourable conditions in the vicinity of the Ity mine allow for the
gradual resumption of operations
his 30% increase is due to the steady production ramp-up at the Frog's Leg mine in Australia, along with the successful start-up of the Company's fourth mine, White Foil, which more than compensated for slightly lower African production. In 2010, 64% of La Mancha's total gold production came from its Australian operations.
La Mancha expects to increase consolidated production by up to 10% in 2011. Total production is expected to be in the range of 115,000 to 135,000 attributable ounces at an estimated average cash cost of US $671/oz.
ABOUT LA MANCHA RESOURCES INC.:
La Mancha Resources Inc. is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina. La Mancha's shares trade on the Toronto Stock Exchange (TSX) under the symbol "LMA."
Last Sale: 2.15 52 Week Range: 1.47 - 3.05 Market Cap: 305.78M
Apogee Intersects 21.0 Meters Grading 479.43 g/t Silver at Pulacayo and Commences Additional Metallurgical Study on the Pulacayo Deposit
Apogee Minerals Ltd.(TSX VENTURE:APE)
reports assay results from 6 additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit located in southwest Bolivia. (See Table 1 below). All of the reported holes were drilled from surface.
The highlights from these holes include:
* DDH PUD 156 intersected 6.40 meters grading 217.49 g/t silver, 0.99% lead and 1.36% zinc within a 37.0 meter interval grading 74.65 g/t silver, 0.33% lead and 0.82% zinc.
* DDH PUD 158 intersected 5.00 meters grading 172.26 g/t silver, 0.64% lead and 0.59 % zinc within a 10.0 meter interval grading 127.13 g/t silver, 0.34% lead and 0.37% zinc.
* DDH PUD 159 intersected 21.00 meters grading 479.43 g/t silver, 0.41% lead and 0.58 % zinc within a 34.0 meter interval grading 342.82 g/t silver, 0.41% lead and 0.54% zinc.
About Apogee Minerals Limited
Apogee Minerals Ltd. is a mineral exploration and development stage company listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced silver-zinc-lead projects in South America that demonstrate potential to be developed to production. Currently its projects are located in the historic silver producing regions of southwest Bolivia and northern Chile.
Last Sale: 0.34 52 Week Range: 0.05 - 0.34 Market Cap: 46.64M
Liberator Medical Reports Record Annual Net Revenues of $40.9 Million for Fiscal Year Ended September 30, 2010
Liberator Medical Holdings, Inc. (OTCBB:LBMH) announced net revenues for fiscal year 2010 of $40,919,000, an increase of $15,101,000, or 58.5%, compared with fiscal year 2009. The increase in sales was primarily due to the Company's continued emphasis on its direct response advertising campaign. Liberator's direct response advertising expenditures for fiscal year 2010 increased by $6,617,000, or 157.9%, to $10,808,000, compared with fiscal year 2009.
For the fourth fiscal quarter 2010, the Company reported net revenues of $11.49 million representing an increase of $3.79 million, or 49%, over fourth fiscal quarter 2009 net revenues of $7.70 million.
The Company's gross profit for fiscal year 2010 increased by $9,802,000, or 58.5%, to $26,570,000, compared with fiscal year 2009. The increase was attributed to increased sales volume for fiscal year 2010 compared to fiscal year 2009. As a percentage of net sales, gross profit for fiscal year 2010 was 64.9%, unchanged from fiscal year 2009.
The Company had cash of $7,428,000 at September 30, 2010, compared to $3,798,000 at September 30, 2009, an increase of $3,630,000.
About Liberator Medical Holdings, Inc.
Liberator Medical Holdings, Inc.'s subsidiary, Liberator Medical Supply, Inc., established the Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors. An Exemplary Provider(TM) accredited by The Compliance Team, its unique combination of marketing, industry expertise and customer service has demonstrated success over a broad spectrum of chronic conditions.
Last Trade: 1.2052 Week: 2.44 – 1.06Market Cap: 58 Million