AGORACOM Small Cap TV - February 3rd - Highlights
posted on
Feb 03, 2011 09:06AM
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 February 3rd, 2011, and we’ve found 5 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.
Century Mining Reports on 2010 Gold Production and Guidance for 2011 Production
Century Mining Corporation (TSX VENTURE:CMM)
announces its 2010 gold production results and 2011 production guidance.
2010 Gold Production
Through the continued commissioning of the Lamaque mine in Québec, Canada, and the expansion of the San Juan mine in Peru, Century achieved a consolidated gold production of 10,716 ounces in the fourth quarter of 2010, and 33,643 ounces for 2010.
The San Juan mine increased gold production in 2010 for the fifth straight year, following completion of upgrades to the mill infrastructure and tailings impoundments and the restart of additional mining zones. Total production for 2010 from San Juan was 19,224 ounces of gold, a 13% increase over 2009. Fourth quarter production was 4,698 ounces of gold.
The Lamaque mine produced 6,018 ounces of gold in the fourth quarter and 14,419 ounces of gold for 2010. Previously reported commissioning delays, which included deliveries of equipment, mine development and operational obstacles, influenced operational ramp up in the fourth quarter. Mine grades were lower than planned as ore production was predominately from mining areas not in the ore resource due to earlier development constraints.
About Century Mining Corporation
Century Mining Corporation is a Canadian gold producer and holds strategic land positions in Canada, the United States and Peru. The Company's strategy is to grow its gold production through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
Last Sale: 0.54 52 Week Range: 0.27 - 0.87 Market Cap: 209.17M
1.4 Million oz. Measured/Indicated + 800,000 oz. Inferred Gold Resource Announced Near Columbus Gold's Summit Project, Nevada
Columbus Gold Corporation (TSX VENTURE:CGT)
announce that a drilling program is planned to commence in the first half of this year on its Summit gold project where immediately to the south, Fronteer Gold Inc. ("Fronteer"), has updated the gold resource estimate at its Long Canyon project to 1.4 million oz. measured & indicated (18.4M tonnes at 2.36 g/t) and 800,000 oz. inferred (11.2M tonnes at 2.24 g/t); see press release of Fronteer dated January 18, 2011. Drilling by Fronteer at Long Canyon is now only approximately 1,500 feet (457 meters) away from Columbus Gold's Summit property boundary.
Columbus Gold's joint-venture partner, Agnico-Eagle Mines Limited ("Agnico-Eagle"), is planning to commence a drilling program at Summit in the first half of 2011 consisting of approximately 6,500 feet (1,980 meters) of drilling.
About Columbus Gold Corporation
Columbus Gold is a gold exploration and development company operating in French Guiana and Nevada. In French Guiana, Columbus Gold recently acquired an option to earn a 100% interest in the Paul Isnard gold project,
Last Sale: 0.85 52 Week Range: 0.14 - 0.97 Market Cap: 30.72M
International Tower Hill Intersects 13.7 Metres of 5.45 g/t Gold in Higher Grade Zone at Depth at the Livengood Project, Alaska
International Tower Hill Mines Ltd. (TSX:ITH)(NYSE Amex:THM)
is pleased to announce results from the final 27 holes drilled in its 70,000-metre 2010 drill program at the Livengood Gold Project, near Fairbanks, Alaska. Results were highlighted by hole MK-RC-0470 which intersected 13.7 metres of 5.45 g/t gold at a depth of 395 metres, providing further evidence of a new deeper zone of higher grade mineralization directly beneath the existing Money Knob deposit in the southwestern portion of the resource (see Figure 1).
These final results will be incorporated into a resource update to be completed in the first quarter of 2011.
About International Tower Hill Mines Ltd.
International Tower Hill Mines controls a 100% interest in the world-class Livengood Gold Project accessible by paved highway 70 miles north of Fairbanks, Alaska. ITH is focused on the rapid advancement of the project into a compelling potential development project in 2011 while it continues to expand its current resource and explore its 145 km2 district for new deposits.
Last Sale: 9.26 52 Week Range: 5.67 - 10.49 Market Cap: 790.65M
IEC Announces Strong First Quarter for Fiscal 2011
IEC Electronics Corp. (NYSE Amex: IEC) announced its unaudited results for the first quarter of fiscal 2011 ending December 31, 2010.
The Company reported revenue of $28.7 million for the quarter, operating income of $1,963,000 and net income of $1,049,000 or $0.11 per diluted share. This compares to revenue in the prior year first quarter of $18.1 million, operating income of $1,313,000 and net income of $754,000 or $.08 per diluted share.
For the first quarter of 2011, IEC reported earnings before interest, taxes, depreciation and amortization (EBITDA) of $2.4 million or $0.25 per diluted share, compared to EBITDA of $1.4 million or $0.15 per diluted share in the first quarter of 2010.
About IEC Electronics
IEC Electronics Corporation is a premier provider of electronic manufacturing services ("EMS") to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company specializes in the custom manufacture of high reliability, complex circuit cards, system level assemblies, a wide array of custom cable and wire harness assemblies, and precision sheet metal products. As a full service EMS provider, IEC is a world-class ISO 9001:2008, AS9100 and ISO13485 certified company.
Last Trade: 8.7652 Week: 9.24 – 4.25Market Cap: 79.8 Million
Command Center Announces Revenue of $4.30 Million for the Month of January
Command Center, Inc. (OTCBB: CCNI), a national provider of on-demand, reliable labor solutions, today announced revenue of $4.30 million for the four-week reporting period of January 2011, compared with revenue of $3.48 million recorded in the comparable year-ago period.
There were 51 company-owned stores at the beginning of 2011, compared with 50 stores at the beginning of 2010.
About Command Center, Inc.
The Company provides on-demand employment solutions to businesses in the US, primarily in the areas of light industrial, hospitality and event services, as well as other assignments. Additional information on Command Center is available at www.commandonline.com.
Last Trade: 0.4352 Week: 0.49 – 0.07Market Cap: 23.26 Million