AGORACOM Small Cap TV - September 14th - Highlights
posted on
Sep 14, 2011 09:27AM
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 September 14th, 2011, and we’ve found 3 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.
Timmins Gold Reports Financial Results for its First Quarter Ended June 30, 2011
is pleased to report its first quarter ("Q1") ended June 30, 2011 financial results. All results are presented in United States dollar ("US Dollars" or "USD") unless otherwise stated.
Q1 2011 HIGHLIGHTS
--Metal revenues in Q1 2011 were $27,024,636 compared to $13,883,127 in Q1
2010.
--Income from operations was $10,448,724 in Q1 2011, compared to income
from operations in Q1 2010 of $3,781,417 representing a 176% increase
over the prior year.
--Cash flow from operations during Q1 2011 increased to $6,025,776
compared to cash from operations of $4,975,742 in Q1 2010.
--The Company produced 16,676 ounces of gold during Q1 2011, and sold
17,965 ounces of gold, compared to gold produced and sold during Q1 2010
of 11,319 ounces. This represents a 59% increase in gold production over
last year.
--The Company's cash cost per ounce in Q1 2011 was $550(1) per gold ounce,
with a cash cost per gold ounce in Q1 2010 of $691(1)
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is a past-producing open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year at a life of mine cash cost of approximately U.S. $489 per ounce. (Micon International NI 43-101F1 Technical Report dated November, 2010).
Last: 3.06Range: 3.21-1.79Market Cap: 423 million
Minsud Intersects 72.0 g/t Silver Over 13.0 Meters on Chinchillones Target at Chita Valley Project
Minsud Resources Corp. (TSX VENTURE:MSR)
is pleased to announce results from Phase I drilling program at the Brechas Vacas property within Chita Valley Project in Argentina strategically located in the world-class El Indio mining district of Chile and Argentina where the Pascua-Lama and Veladero mines (Barrick) and the Del Carmen project (Malbex Resources) are located.
The Chinchillones target is silver (+/-Au) and base metals mineralized corridor (system of sheeted veins) striking NE hosted in Upper Carboniferous sandstones and shales. Within the northernmost part of the corridor drill hole ChS1104 intercepted 72.0 g/t silver and 0.23 g/t gold over 13.0 m and 393.0 g/t silver and 0.44 g/t gold over 1 meter confirming the continuity up to 220 m depth of a mineralized corridor previously found by surface trenching and drill hole MSA08C (see section on Exhibit I and location map on Exhibit II) over an area of 300 m long by 30 m wide.
About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley project, primarily for gold, silver and copper in San Juan Province, Argentina.
Additionally, the Company holds a portfolio of approximately 75,000 ha of 100% owned exploration properties in Patagonia. Most of the key properties held by the Company are located in mining friendly provinces like San Juan and Santa Cruz, Argentina.
Last: 0.32Range: 0.80-0.22Market Cap: 11 million
Castillian Intersects 4.09 g Au/t Over 29.3 Metres in Mine Zone Extension at Hope Brook, Newfoundland
Castillian Resources Corp.(TSX VENTURE:CT)
is pleased to report results for two diamond drill holes that tested the downdip and along strike extension of the Mine Zone and Hanging Wall Zones at its Hope Brook gold property, Newfoundland. Significant results are given in Table 1 below.
Table 1: Summary of Drilling Results, Hope Brook Gold Project ----------------------------------------------------------------------------
FromCore LengthTrue WidthGold Copper
Hole(#)(m)To (m)(m)(m)(g/t)(%) Zone
----------------------------------------------------------------------------
Mine Zone/Hanging Wall
-----
HB11-046470.90472.902.001.50.840.12HZ
----------------------------------------------------------------------------
514.70544.0029.3022.04.05trMZ
ABOUT CASTILLIAN
Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" which has gold and base metal properties in Canada and South America. Castillian's flag ship property is the Hope Brook Gold Project located in southwestern Newfoundland where it is carrying out a 25,000 metre diamond drill program. Castillian also recently announced the start of exploration on its Canadian Creek property in the Yukon that is adjacent to Kaminak's Sugar Gold-in-Soil trend.
Last: 0.15Range: 0.24-0.065Market Cap: 44 million