AGORACOM Small Cap TV - Aug 5th - Highlights
posted on
Aug 05, 2011 09:12AM
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 Aug 5th, 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.
Molycor Gold Corp.: Positive Preliminary Economic Assessment Study Completed for Tami-Mosi Magnesium Project
Molycor Gold Corp. (TSX VENTURE: MOR)(PINK SHEETS: MLYFF)(FRANKFURT: M1V)
is pleased to report that Wardrop Engineering, a Tetra Tech Company (Wardrop), has completed a preliminary economic assessment (the "Report") for the Company's 100% owned Tami-Mosi Magnesium Project located in the Schell Creek Range of White Pine County near Ely, Nevada. The NI 43-101 compliant Report will be filed with the Regulators on SEDAR within 45 days of this news release.
The Report suggests an economically attractive opportunity exists to develop the Tami-Mosi Magnesium Project within the United States. The Report demonstrates the ability to exploit the resource in excess of 30 years. The conceptual basis of the Report is for the project's business operations to be performed within the United States, where protective tariffs are in place on imported magnesium metal. The Report is based upon a Resource Estimate Analysis generated by Mr. Klaus Triebel, CPG, (Wardrop) showing the Inferred Resource estimated by Wardrop to be 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of Magnesium using a 12% Mg cut-off grade. No dilution is incorporated in the Wardrop estimate. The increased tonnage and grade over earlier estimates results from the acquisition of 13 more contiguous claims as well as applying block modeling and surface sampling. (See announcement dated August 2, 2011)
About Molycor Gold Corp.:
Molycor is a diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
Last: 0.075Range: 0.12-0.04Market Cap: 8 million
Batero Gold Intersects 332.12 Metres Grading 0.76 g/t Gold and 0.11% Copper at Batero-Quinchia Project, Colombia
Batero Gold Corp. (TSX VENTURE: BAT)
is pleased to report the latest drill results from an additional five holes (2,401.34 metres) drilled on the company's 100-per-cent-owned Batero-Quinchia project in Risaralda, Colombia. The Company has now reported results for 38 holes (18,149.47 metres).
Significant La Cumbre highlights include:
--Vertical drill hole LC-007 intersecting 9.00 m below surface 332.12
metres grading 0.76 g/t gold and 0.11% copper, including 203.10 metres
at 0.81 g/t gold and 0.13% copper
--Vertical drill hole LC-002 intersecting 6.50m below surface 342.50
metres grading 0.61 g/t gold and 0.10 % copper; including 175.62 metres
at 0.74 g/t gold and 0.11% copper
--Angled drill hole QAP-DDH-041 intersecting 4.57m below surface 334.28m
grading 0.40 g/t Au and 0.11% copperdrilled at La Cumbre's southern
extent and filled in to the southwest an important area not yet covered
by previous drilling
About Batero Gold:
Batero Gold Corp. (TSX VENTURE: BAT) is a well capitalized Vancouver-based precious and base metals exploration and development company focused in Colombia's emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement. The Batero-Quinchia Project includes three known gold porphyry target centres.
Last: 2.92Range: 6.57-0.90Market Cap: 140 million
Helix BioMedix Reports Another Revenue Record in the Second Quarter 2011
Helix BioMedix, Inc. (OTCQB: HXBM), a developer of bioactive peptides, today announced financial results for the company's second quarter ended June 30, 2011.
Second Quarter 2011 Highlights
-- Total revenue increased 110% to approximately $693,000 compared to approximately $330,000 in the same period in 2010 and grew 94% over the approximately $358,000 in the first quarter of 2011.
-- Revenue in the first half of 2011 increased 163% to approximately $1.05 million compared to approximately $400,000 in the first six months of 2010.
-- Consumer product sales to NuGlow Cosmaceuticals, LLC (NuGlow), a related party, increased to approximately $188,000 from $51,000 last quarter. Deferred product sales to NuGlow were approximately $178,000.
-- Net loss decreased to approximately $625,000, compared to approximately $710,000 in the first quarter of 2011 and $942,000 in the same period in 2010.
As of June 30, 2011, cash and cash equivalents were approximately $2.7 million, a decrease from approximately $4.0 million at December 31, 2010, due primarily to cash used in operations during the first six months of 2011.
About Helix BioMedix, Inc.
Helix BioMedix, Inc. is a biopharmaceutical company with an extensive library of structurally diverse bioactive peptides and patents covering hundreds of thousands of peptide sequences. Core competencies include peptide design, synthesis and characterization together with assay development, screening, tissue culture and microbiology, leveraged through relationships with contract research organizations and peptide manufacturers. The company takes product development programs from theoretical concept to a qualified skin care active ingredient fully validated as to efficacy and safety.
Last Trade : 0.2052 Week: 0.59 – 0.1301Market Cap: 9.94 Million
Ladenburg Thalmann Reports Second Quarter Financial Results
Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) today announced financial results for the three and six months ended June 30, 2011.
Second quarter 2011 revenues were $60.2 million, a 27% increase from revenues of $47.6 million in the second quarter of 2010. Net income for the second quarter was $200,000, or $0.00 per basic and diluted share, an improvement from a net loss of $2.2 million, or ($0.01) per basic and diluted share, in the comparable 2010 period. EBITDA, as adjusted, for the three months ended June 30, 2011 was $3.3 million, compared to $1.5 million for the 2010 period. The second quarter 2011 results included $2.0 million of non-cash charges for depreciation, amortization and compensation expense, while the second quarter 2010 results included $2.6 million of non-cash charges for depreciation, amortization and compensation expense.
For the six months ended June 30, 2011, the Company had revenues of $117.4 million, a 28% increase over revenues of $91.6 million for the comparable 2010 period. The Company had net income of $609,000 or $0.00 per basic and diluted share, compared to a net loss of $6.6 million, or $(0.04) per basic and diluted share, in the comparable 2010 period. EBITDA, as adjusted, for the six months ended June 30, 2011 was $6.8 million as compared to $1.4 million in the 2010 period. The results for the six months ended June 30, 2011 included $3.9 million of non-cash charges for depreciation, amortization and compensation expense, while the comparable 2010 results included $5.4 million of non-cash charges for depreciation, amortization and compensation expense.
About Ladenburg
Ladenburg Thalmann Financial Services is engaged in investment banking, equity research, institutional sales and trading, independent brokerage and advisory services and asset management services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Investacorp, Inc. and Triad Advisors, Inc. Founded in 1876 and a New York Stock Exchange member since 1879, Ladenburg Thalmann & Co. is a full service investment banking and brokerage firm providing services principally for middle market and emerging growth companies and high net worth individuals. Investacorp, Inc., a leading independent broker-dealer headquartered in Miami, Florida, has been serving the independent registered representative community since 1978 and has approximately 400 independent financial advisors nationwide.
Last Trade: 1.2052 Week: 1.73 – 0.80Market Cap: 231.23 Million
Northgate Minerals Reports Second Quarter Results
Northgate Minerals Corporation ("Northgate" or the "Corporation") (TSX: NGX; NYSE Amex: NXG) today announced its financial and operating results for the three and six months ended June 30, 2011.
Second Quarter Highlights
Operating and Financial
--Gold production for the second quarter of 2011 totalled 43,798 ounces at an average net cash cost of $944 per ounce. The Fosterville mine achieved a quarterly record of 29,181 ounces of gold at a net cash cost of $787 per ounce.
--Gold sales were 44,372 ounces at a realized price of $1,502 per ounce.
--Reported a net loss of $13.0 million or $0.04 per share. Theadjusted net loss((1)) for the second quarter of 2011 was $16.7 million or $0.05 per share.The net loss and adjusted net loss figures include a $12.7 million expense resulting fromrevisions to the reclamation cost estimate at Kemess South.
--Strong cash flow from operations in Australia of $23.1 million.On a consolidated basis, Northgate reported cash flow from operations of ($3.7) million or ($0.01) per share, as a result of working capital changes and expenses associated with closing Kemess South and putting the facility on care andmaintenance.
--Northgate's cash balance at the end of the second quarter 2011 was $244.5 million.
Significant Development Opportunity
--Northgate recently released positive results from a NI 43-101 Preliminary Assessment for the Kemess Underground Project.The results outline the development of an underground block/panel cave operation. Average annual production is expected to be 95,000 ounces of gold and 41.4 million pounds of copper at a below-industry cash cost of $115 per ounce over a 12-year mine-life.
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Our vision is to be the leading intermediate gold producer by identifying, acquiring, developing and operating profitable, long-life mining properties.
Last Trade: 3.2052 Week: 3.54 – 2.41Market Cap: 934.26 Million