Message: AGORACOM Small Cap TV - August 10th - Highlights
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 10th, 2011, and we’ve found 8 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.
Pilot Gold Intersects 1.87 g/t Gold Over 48.0 Metres in Step Out at Kucukdag
Pilot Gold Inc. (TSX:PLG)
is pleased to report that ongoing core drilling at the Kucukdag target ("Kucukdag"), at the TV Tower Project in northwest Turkey continues to intersect significant intervals of gold, silver and copper mineralization. Step out drill hole KCD-15 intersected strong gold mineralization over 48 metres, expanding the footprint of the Kucukdag mineralized system by 100 metres to the northeast.
Assay highlights from KCD-15 are as follows:
Hole KCD-15 (located 100 metres northeast of KCD-02):
--1.87 grams per tonne gold, 0.19% copper, and 7.26 g/t silver over
48.0 metres, starting at 128.9 metres, including:
--13.83 g/t gold, 0.31% copper, and 25.29 g/t silver over 5.4
metres.
--42.16 g/t silver over 11.0 metres, starting at 10.5 metres.
ABOUT PILOT GOLD
Pilot Gold is a gold exploration company focused on advancing Halilaga, TV Tower and our pipeline of projects in Nevada. For more information, visit www.pilotgold.com.
Last: 2.28Range: 3.74-1.91Market Cap: 134 million
Marathon Gold Intersects 8.26 g/t Gold over 5.5m (True Thickness) at the Golden Chest Mine, Idaho
Marathon Gold Corporation (MOZ:TSX)
is pleased to announce a drill intercept of 5.5 meters of 8.26 g/t gold (True Thickness) in drill hole GC 11-11 from the core drilling program underway at the Golden Chest Mine in Murray, Idaho. The Golden Chest Mine is owned 50% by Marathon, and 50% by New Jersey Mining Company ("NJMC") (OTCBB: NJMC) where NJMC is the operator.
About Marathon Gold Corporation:
Marathon Gold Corporation is one of Canada's newest gold resource development companies, with projects located in the mining friendly province of Newfoundland and Labrador together with a project in the prolific Coeur d'Alene Mining District of Idaho. Marathon has a project pipeline consisting of early stage exploration to advanced resource development projects. Marathon is continually evaluating new gold resource development projects of merit that are located within the Americas. Marathon's focused and low-cost approach to resource development and exploration [switch order] has an established record of delivering rapid growth. For more information visit: www.marathon-gold.com
Last: 1.20Range: 2.07-1.00Market Cap: 27 million
Forsys Announces Up to 92% Recoveries from Heap Leach Laboratory Tests and Commencement of Optimization Study
Forsys Metals Corp. (TSX: FSY)(FRANKFURT: F2T)(NSX: FSY)
is pleased to announce positive uranium leaching results from laboratory tests to determine whether ore from its fully licensed Valencia Uranium Project could be economically recovered by heap leaching. The test program focused on the uranium recovery and reagent consumptions that are commercially achievable, and generating data to guide future development work by a heap leach process route.
Mintek of Johannesburg, South Africa, which was appointed as the laboratory facility to conduct the initial column leach test program, concluded that:
-- Ore from the Valencia Uranium Project is amenable to heap leaching. -- Good uranium extractions can be achieved under trickle-bed conditions. -- Sufficient uranium liberation is attainable from conventional crushing.
Up to 92% uranium dissolution was obtained in the column leach tests at a pH of about 0.7. Concurrently, 2 atmospheric batch leach tests were carried out to provide comparative leach results to the heap leach tests and determine any possible anomalies should they exist. The atmospheric batch leach test results supported the findings of the column leach results and no anomalies were found. Simulus, a leading Perth based engineering group, has been appointed to complete the recommended Phase 2 optimization study.
Last: 0.96Range: 3.50-0.91Market Cap: 76.9 million
Macusani Yellowcake Intersects 11 m Grading 0.20% U3O8 (4.0 lbs/ton) at Kihitian Property, Peru
Macusani Yellowcake Inc. (TSX VENTURE:YEL) (FRANKFURT:QG1)
is pleased to announce additional assay results from the drilling program on two platforms, PT-CH17 and PT-CH2, at the Chilcuno Chico area on the Kihitian Property on the Macusani Plateau in Puno, Peru. The exploration program, which targeted the deeper Manto "B" zone, intersected 11 m with a weighted average grade of 2,042 ppm U3O8 (or 4.084 lbs/ton) from 85 to 96m. This intersection represents the high-grade portion of a larger 27 m intersection (from 74 to 101m) with a weighted average grade of 862 ppm U3O8 (or 1.724 lbs/ton).
President and CEO, Peter Hooper, stated: "We are very pleased that the drilling campaign at Kihitian continues to trace the deeper Manto "B" zone with high grades. Our exploration to date has demonstrated consistent, high grading uranium values over good widths and we remain optimistic that the Manto "B" zone could develop into an economic underground deposit."
About Macusani Yellowcake
Macusani Yellowcake Inc. is a Canadian uranium exploration and development company focussed on the exploration of its properties on the Macusani Plateau in south-eastern Peru. The Company owns a 99.5% interest in concessions which cover over 24,000 hectares (240 km2) and are situated near significant infrastructure. Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol 'YEL' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 107,775,714 shares outstanding. For more information please visit www.macyel.com.
Last: 0.20Range: 1.23-0.15Market Cap: 21.5 million
Nevsun Second Quarter 2011 Financial Results
Nevsun Resources Ltd. is pleased to report its financial and operating results for the second quarter ended June 30, 2011. All figures are in United States dollars, unless otherwise indicated.
----------------------------------------------------------------------
Financial results (for a 4 month operating period):
----------------------------------------------------------------------
----------------------------------------------------------------------
In US $000s (except per share data)Q1 2011Q2 2011YTD 2011
----------------------------------------------------------------------
Revenues$53,532 $134,655 $188,187
Operating income39,604101,881141,485
Net after tax income21,89360,60582,498
Owners' earnings per share0.060.180.24
Total assets$392,717 $480,830 $480,830
----------------------------------------------------------------------
----------------------------------------------------------------------
During Q2 2011 the Company declared its first semi-annual dividend of $0.03 per share and paid it in July.
Gold production and sales statistics(1):
-----------------------------------------------------------------
-----------------------------------------------------------------
Q1 2011Q2 2011YTD 2011
-----------------------------------------------------------------
Tonnes milled461,000444,000905,000
Gold grade6.227.276.72
Recovery % of gold88%89%89%
Gold in dore, ounces produced75,00093,000168,000
Gold ounces sold72,80088,700161,500
Gold price realized per ounce$1,405$1,510$1,485
Cash cost per ounce sold(2)$299$301$300
-----------------------------------------------------------------
-----------------------------------------------------------------
In the quarter the Company generated $111 million in cash from operating activities (Q2 2010 - used $1 million), used $15 million in investing activities (Q2 2010 - used $30 million) and used $13 million in financing activities (Q2 2010 - generated $1 million).
Nevsun Resources is a growing high grade, low cost gold producer focused on its Bisha Mine in Eritrea, East Africa. Bisha is a large precious and base metal volcanogenic massive sulphide deposit that went into commercial gold-silver production in February 2011. The Bisha Mine is expected to produce more than 1.14 million ounces of gold, 11.9 million ounces of silver, 821 million pounds of copper, and over 1 billion pounds of zinc during its initially estimated 13 year mine life. In 2013, the processing plant will be expanded and transition into low cost copper, gold, and silver production.
Last Trade: 5.9452 Week: 7.72 – 3.79Market Cap: 1.18 Billion
Ever-Glory Reports Second Quarter 2011 Financial Results
Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NYSE Amex: EVK), a leading apparel supply chain manager and retailer based in China, today reported its financial results for the second quarter ended June 30, 2011.
During the second quarter of 2011, net sales increased 85.8% to $42.9 million compared to $23.1 million in the second quarter of 2010. The increase was attributable to increased sales in Ever-Glory's retail business as well as its wholesale business.
In the second quarter of 2011, gross profit was $10.4 million, an increase of 129.7% compared to the same period in 2010. Gross margin increased 4.6% to 24.1% in the second quarter of 2011, compared to 19.5% in the second quarter of 2010. The increase was mainly due to lower outsourced manufacturing costs.
Retail sales from LA GO GO, the Company's branded retail division, increased 91.8% to $9.3 million, compared to $4.8 million in the second quarter of 2010. This increase was primarily due to the increase in same store sales and new stores opened. Ever-Glory had 368 LA GO GO stores as of June 30, 2011, compared to 210 LA GO GO stores at June 30, 2010. LA GO GO stores are located in more than 20 provinces in China.
For the second quarter of 2011, GAAP net income attributable to the Company was $2.3 million, or $0.15 per diluted share, an increase of 182.1% from $0.8 million, or $0.05 per diluted share in the second quarter of 2010. GAAP net income attributable to the Company results for in the second quarter of 2011 include approximately $0.1 million, or $0.01 per diluted share, of non-cash income related to the change in fair value of a derivative liability.
About Ever-Glory International Group, Inc.
Based in Nanjing, China, Ever-Glory International Group, Inc. is a leading apparel supply chain manager and retailer in China. Ever-Glory is the first Chinese apparel Company listed on the American Stock Exchange (now called NYSE Amex), and has a focus on middle-to-high grade casual wear, outerwear, and sportswear brands. Ever-Glory maintains global strategic partnerships in Europe, the United States, Japan and China, conducting business with several well-known brands and retail chain stores. In addition,
Last Trade: 1.5852 Week: 3.05 – 1.50Market Cap: 22.31 Million
Command Center, Inc. (OTCBB: CCNI)
Command Center Announces Revenue of $7.17 Million for the Month of July
Command Center, Inc. (OTCBB: CCNI), a national provider of on-demand and temporary staffing solutions, today announced revenue of $7.17 million for the four-week reporting period of July 2011, a six percent increase on revenue of $6.77 million recorded in July 2010. There were 54 company-owned stores in July, as compared with 52 stores one year ago.
The company said core business, which excludes contributions to revenue from short-term disaster recovery projects, had increased 32% to $6.76 million from $5.14 million recorded in July 2010. Last year in July, more than $1.6 million in revenue was derived from the last of the work associated with the Gulf Coast Oil Spill.
About Command Center, Inc.
The company provides on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments such as emergency and disaster relief projects.
Last Trade: 0.2552 Week: 0.56 – 0.18Market Cap: 14.36 Million
Attunity Ltd. (OTC Bulletin Board: ATTUF.OB)
Attunity Reports Second Quarter 2011 Results
Attunity Ltd. (OTC Bulletin Board: ATTUF.OB), a leading provider of real-time data integration and event capture software, reported today its unaudited financial results for the quarter ended June 30, 2011.
Total revenues for the second quarter of 2011 increased 20% to $3,049,000, compared to $2,544,000 in the second quarter of 2010.
Net Operating income for the second quarter of 2011 was $130,000, compared to a net operating income of $53,000 for the same period of 2010. Non-GAAP net operating income for the second quarter of 2011 was $294,000 compared to $317,000 for the same period last year. Non-GAAP net operating income for the second quarter of 2011 excludes equity-based compensation and amortization and capitalization of software development costs of $164,000 compared to $264,000 for the second quarter of 2010
Net income for the second quarter of 2011 increased 235% to $178,000, or $0.01 per diluted share, compared to $53,000, or $0.00 per diluted share, in the second quarter of 2010. Non-GAAP net income for the second quarter of 2011 was $139,000 compared to $120,000 for the same period last year.
Cash and cash equivalents were approximately $1.9 million as of June 30, 2011, compared to approximately $2.4 million as of March 31, 2011. The decrease is partially due to reclassification of approximately $0.2 million to Restricted Cash in order to secure foreign currency hedging activities. Restricted Cash was $0.4 million as of June 30, 2011, compared to approximately $0.2 million as of March 31, 2011.
About Attunity
Attunity is a leading provider of real-time data integration and event capture software.
Our offering includes software solutions such as Attunity Stream®, a real-time change-data-capture (CDC) software, our Operational Data Replication (ODR) solution and Attunity Connect®, our real-time connectivity software.
Last Trade: 0.5952 Week: 0.89 – 0.27Market Cap: 19.58 Million
New Message
Please
login
to post a reply