AGORACOM Small Cap TV - November 15th - Highlights
posted on
Nov 15, 2011 09:30AM
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 November 15th, 2011, and we’ve found 6 great press release 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.
Avion Gold Announces Third Quarter Earnings of $7.2 Million With Cash Flow of $15.3 Million
Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF)
today announces its financial results for the third quarter ended September 30, 2011. All amounts are in United States dollars unless otherwise indicated.
Third Quarter Highlights:
The Company had earnings of $7.2 million, or $0.02 per share for the quarter, as compared to $14.4 million in earnings, or $0.04 per share for the comparable quarter last year. The decrease in earnings is primarily related to a provision of $4,220,349 for taxes relating to in country employee benefits and other statutory obligations for prior periods being charged to mineral and processing costs for the period. Additional factors were higher fuel costs and lower grade ore processed at higher tonnages during the period.
The Company achieved revenues of $36.9 million for the quarter compared to revenues of $31.8 million for the comparable quarter last year, representing a 16% increase. The Company continues to benefit from the strong gold price environment.
During the quarter the Company sold 22,000 ounces of gold at an average realized price of $1,674 per ounce.
The Company produced 21,687 ounces of gold at a cash cost per ounce of $806 and total cash costs produced of $925. Please see "Non-GAAP Measures" below. The Company generated $12.7 million in operating cash
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure.
Last: 2.18Range: 2.57-0.94Market Cap: 959 million
Evolving Gold: Drilling Significantly Extends Gold System at the Rattlesnake Hills Joint Venture, Wyoming
Evolving Gold Corp. (TSX: EVG) (OTCQX: EVOGF) (FSE: EV7) (the "Company")
is pleased to provide an update of the drilling program at its Rattlesnake Hills joint venture gold property in Wyoming. Rattlesnake Hills is a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Agnico-Eagle is the manager of the joint venture and is funding 100 percent of the current exploration program.
Summary of Results:
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. In compliance with National Instrument 43-101, the Company Chief Geologist, Steven R. Koehler, BSc Geology and CPG, is the Qualified Person responsible for the accuracy of this news release.
Last: 0.45Range: 1.29-0.36Market Cap: 62.5 million
Atna Drills 385 Feet Grading 0.053 oz/ton Gold at Reward Project
Atna Resources Ltd. (TSX: ATN/ OTCBB: ATNAF)
is pleased to report strong gold intercepts at its Reward Gold Mine, Nye County, Nevada. Atna completed the 2011 drill program of fifteen drill holes totaling 8,880 feet (2,700 m) in mid-October and has now received assay results on all drill holes in this campaign.
Highlights of the final drill results include:
About the company
Atna Resources Ltd. is building a successful gold mining company dedicated to responsible gold production and the creation of sustainable value for shareholders, employees and communities.
Last: 0.95Range: 0.96-0.52Market Cap: 111 million
Nevada Copper Drills 1,000 ft of Mineralization Grading 0.68% Copper Along the Southern Boundary of the North Deposit
is pleased to announce additional positive step-out drill results from its 100% owned Pumpkin Hollow Property located in Yerington, Nevada. The drill holes reported below represent results from the recently expanded 50,000 meter step-out and expansion drilling program. Three (3) drill rigs are currently active at the Pumpkin Hollow project.
Drill hole NC11-20 was drilled in the North Deposit along the southwest sector of the deposit where multiple zones of mineralization continue to expand southward. Three zones of mineralization were intersected for a total of 1,000 feet (304.8 meters) grading 0.68% copper. In addition to expanding the main mineralization to the south the deeper stacked mineralized zones were also intersected. The deeper mineralized zones are partially represented by the large zone intersected in hole NC11-20, 800 feet (243.8 meters), 655.2 feet (199.7 meters) true thickness, averaging 0.54% copper. Follow up drilling is currently in progress.
About Nevada Copper
Nevada Copper has 72.8 million shares outstanding and is well funded with no debt and approximately $73 million in cash. Nevada Copper is scheduled to release results of its Definitive Feasibility Study at the end of the fourth quarter 2011. Drilling results from the recently expanded 50,000 meter step out and expansion drilling program will continue to be released as they become available.
Last: 5.00Range: 6.42-3.12Market Cap: 363 million
Drilling intersects 0.91% copper equivalent over 387m at Schaft Creek
Copper Fox Metals Inc. (TSX-Venture: CUU)
is pleased to announce additional assay results for two diamond drill holes completed in the Paramount zone of the Schaft Creek copper-gold-molybdenum-silver deposit.An update on diamond drilling and geotechnical activities related to open pit slope design for the feasibility study is also presented.We also advise that two diamond drills are currently working at Schaft Creek to test the northern extension of the copper-gold-molybdenum-silver mineralization in the Main zone and to sterilize areas around the deposit designated for waste storage.To view the location of 2011 drill holes completed to date, visit the Copper Fox website at www.copperfoxmetals.com.Highlights of the drilling activities are
Highlights:
Diamond drill hole (DDH) CF411-2011 located 140 metres (m) north of DDH CF410B-2011, intersected 0.49% copper, 0.30 g/t gold, 0.04% molybdenum and 2.43 g/t silver (0.91% copper equivalent (CuEq)) over an interval of 387.8m starting at a core length of 287.0m.
The 387.8m interval in DDH CF411-2011 is included in a 590.4m interval that averaged 0.39% copper, 0.25 g/t gold, 0.031% molybdenum and 2.06 g/t silver (0.73% CuEq). This drill hole stopped in 0.72% CuEq mineralization at a vertical depth of 615m below surface.
About Copper Fox
Copper Fox is a Canadian based resource company listed on the TSX-Venture Exchange (CUU-TSX-V). Copper Fox was recently recognized by TSX Venture Exchange Inc. as a member of the distinguished TSX Venture 50® group where it had the distinction of being ranked first overall for 2010.
Last: 1.22Range: 2.75-0.70Market Cap: 464 million
Scorpio Gold Intersects 24.39 Metres Grading 5.19 g/t Gold on Brodie Zone North Extension, Mineral Ridge Project
Scorpio Gold Corporation (TSX VENTURE:SGN)
announces follow-up drill results from the Brodie Zone, located 975 metres (3,200 feet) southwest of the current mining in the Drinkwater pit at the 70% owned Mineral Ridge project, Nevada.
Peter J. Hawley, President and CEO reports, "Follow-up drilling on the Brodie Zone targeted its northwest extension and has now defined a mineralized trend over an 850 metre (2,800 foot) strike length, remaining open in both northwest and southeast directions. The trend is on strike with the Bluelite Zone located 1,370 metres (4,500 feet) to the northwest. Drill holes presented in Table 1 were collared over a spacing of 300 to 600 metres (1,000 to 2,000 feet) northwest from the historical Brodie pit. Drill hole MR11252, which intersected 24.39 metres averaging 5.19 g/t gold, was the furthest hole drilled to the northwest."
About the company
Scorpio Gold Corporation (TSX-V:SGN) is an emerging gold producer, advancing the Mineral Ridge Gold operation in Esmeralda County, Nevada. Mineral Ridge is currently bonded and has been permitted for heap leach gold processing and production. The mine property features a very well-developed infrastructure and is host to multiple gold-bearing structures, veins and bodies at both exploration and development level.
Last: 1.00Range: 1.06-0.56Market Cap: 113.3 million
China Linen Textile Industry, Ltd. Reports Third Quarter 2011 Results; Revenues Increase 15.2% to $16.2 Million, Net Income Increases 8.2% to $3.1 Million with Diluted EPS of $0.45
hina Linen Textile Industry, Ltd. (OTCBB: CTXIF) ("China Linen" or the "Company"), one of China's leading linen fabric and linen yarn producers and exporters, today announced financial results for the third quarter ended September 30, 2011.
SUMMARY FINANCIALS
Three Months Ended September 30, 2011 and 2010 |
||||
Q3 2011 |
Q3 2010 |
CHANGE |
||
Net Sales |
$16.2 million |
$14.0 million |
+15.2% |
|
Gross Profit |
$5.5 million |
$4.4 million |
+25.5% |
|
Net Income |
$3.1 million |
$2.8 million |
+8.2% |
|
EPS (Diluted) |
$0.45 |
$0.49 |
||
Diluted Shares Outstanding |
7.2 million |
5.8 million |
||
Nine Months Ended September 30, 2011 Financial Results
Nine Months Ended September 30, 2011 and 2010 |
||||
Nine Months 2011 |
Nine Months 2010 |
CHANGE |
||
Net Sales |
$48.1 million |
$31.6 million |
+52.0% |
|
Gross Profit |
$17.1 million |
$9.8 million |
+73.8% |
|
Net Income |
$9.7 million |
$6.9 million |
+41.7% |
|
EPS (Diluted) |
$1.42 |
$1.19 |
||
Diluted Shares Outstanding |
7.2 million |
5.8 million |
About China Linen Textile Industry, Ltd.
China Linen Textile Industry, Ltd. (www.chinalinentextile.com) is principally engaged in the production and sale of linen yarn and various types of linen fabric. The Company is also involved in consultation and R&D related to linen technology and linen products. The Company carries on all of its business activities through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd. ("Lanxi Sunrise"), established in June 2002 and located in Lanxi County, the "Homeland of Flax in China," near Harbin City in China.
Last Trade: 1.9052 Week: 3.50 – 1.01Market Cap: 11.07 Million
Diversified Global Holdings Group Announces Third Quarter Earnings
Diversified Global Holdings Group Inc. (OTCBB:DGHG) announced today its financial results for the nine months ended September 30, 2011. The Company attributes its improved results over the comparable period in 2010 to a number of successful acquisitions during 2010.
For the nine months ended September 30, 2011, net earnings increased to $2 million from $700,000, an increase of approximately $1.3 million or 185% from the period ended September 30, 2010.
Gross margin was $5.9 million for the nine months ended September 30, 2011, compared to $3.0 million for the same period in 2010, representing an increase of $2.9 million or 97% over the previous year. Gross margin was approximately 17.7% percent for the nine months ended September 30, 2011. The Company estimates that gross margins will steadily improve in 2012 with the scheduled completion of existing work projects and the addition of several more acquisitions contributing to estimated higher margins in line with its business plan.
For the three months ended September 30, 2011 net earnings increased to $1.3 million as compared to $540,746 for the three months ended September 30, 2010 representing an increase of $801,000 or 140% over the previous year. The Company reported revenues for the three months ended September 30, 2011 of $23.3 million compared to $5.3 million for the three months ended September 30, 2010 representing an increase of approximately $18 million or 339% over the previous year.
About Diversified Global Holdings Group Inc
Diversified Global Holdings Group (OTCBB:DGHG) is a rapidly growing holdings company with strong subsidiaries worldwide. DGHG has proven M&A expertise and intends to continue its expansion in emerging markets by leveraging its operating divisions into additional major market sectors. For more information, visit DiversifiedGlobalHoldings.com (http://www.dghold.com).
Last Trade: 1.4252 Week: 7.30 – 0.35Market Cap: 132.49 Million
Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) ("Claude") today provided an update from its on-going drill program at Santoy Gap within the Company's 100 percent-owned, 14,400 hectare Seabee Project. Drilling has intercepted the widest mineralization to date and continues to significantly expand the strike length and depth of the mineralized system. Results will be used in conjunction with historic drilling to prepare a National Instrument 43-101 compliant gold resource for the Santoy Gap deposit during the first quarter of 2012.
Latest drill results are summarized in Table 1 and Figure 1. Highlights of the drilling at Santoy Gap released today include:
Gold mineralization at Santoy Gap is hosted within a system of sheeted, shear-hosted quartz veins, silicified biotite-diopside schist and silicified granitic to dioritic dykes. Visible gold is typically observed along vein contacts, associated with trace to 5 percent, disseminated pyrrhotite, pyrite, chalcopyrite and rarely tellurides. Vein sets are interpreted to dip moderately, 45 to 60 degrees to the east, and are interpreted to be amenable to bulk underground mining techniques. The system shows very similar structural controls and geometry to the Santoy 8 deposit.
About
Claude Resources Inc. is a gold producer with shares listed on both the Toronto Stock Exchange (TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR). The Company is also engaged in the exploration and development of gold mineral reserves and mineral resources. The Company's entire asset base is located in Canada. Its main revenue generating asset is the 100 percent owned Seabee Gold Operation, located in northern Saskatchewan. Since 1991, Claude has produced over 962,000 ounces of gold from the Seabee Gold Operation.
Last Trade: 1.8452 Week: 2.91 – 1.45Market Cap: 302.04 Million
China BCT Reports Third Quarter 2011 Results
China BCT Pharmacy Group, Inc., (OTC BB: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced results for the third quarter ended September 30, 2011.
Third Quarter 2011 Highlights
Nine Months 2011 Results
About China BCT
China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Guangxi Liuzhou Baicaotang Medicine Retail Limited, and Hefeng Pharmaceutical Co. Limited in Guangxi province, China. It operates a large regional retail network in Guangxi province, consisting of 219 directly owned retail stores in Guangxi province and currently over 8,000 products are distributed through the Company's wholesale distribution network.
Last Trade: 1.6952 Week: 3.20 – 1.01Market Cap: 64.448 Million
ThermoEnergy Corporation Reports 74% Increase in Revenue for the Nine Months Ending September 30, 2011
ThermoEnergy Corporation (OTCBB: TMEN), a diversified technologies company engaged in commercializing disruptive wastewater treatment and power generation technologies in global markets, today announced financial and operational results for the third quarter ended September 30, 2011.
2011 Third Quarter Operational and Financial Highlights:
About ThermoEnergy
Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com.
Last Trade: 0.19552 Week: 0.385 -0.11Market Cap: 11.21 Million
Divine Skin Posts Q3 Revenue of $2.1 Million, Up 35% from 2010
Biotechnology leader Divine Skin Inc., (OTC Bulletin Board: DSKX) which develops personal care products, posted revenue of $2.1 million for the third quarter, up 35 percent from 2010. The rapidly expanding company reported nine-month revenue of $6.6 million, up 74 percent from last year.
The positive results came after a busy quarter of big announcements.
In July: Divine Skin expanded into the lucrative market for supplements by partnering with NutraOrigin, developer of 63 blends of nutritional formulas; and the company launched a global partnership with India's huge Ranbaxy Laboratories to sell its DS Laboratories line of hair-growth treatments worldwide.
In August: Divine Skin debuted a new molecule, Nanoxidil, designed to stimulate follicles at the vertex of the scalp, eventually to surpass minoxidil for efficacy and tolerability; and it entered into new distribution agreements for South Korea, Canada, Australia, Taiwan, South Africa, Belgium, and Finland.
In September: Divine Skin launched the market's first topical treatment to incorporate astressin-B, a complex peptide newly discovered to regrow hair on bald mice. The company also became the first to synthesize the peptide for human use in a cosmetic product, marketed as Spectral.F7 under the DS Laboratories brand.
About Divine Skin
Divine Skin Inc. leads in the development of biotechnology for topical, nutritional, and pharmaceutical therapies. It markets worldwide through online and specialty retailers, cosmetics wholesalers, salons, and medical offices. The fast-growing company went public in 2009.
Last Trade: 0.3552 Week: 0.46 – 0.28Market Cap: 35.79 Million