High River Gold Mines Ltd HRIVF

Results are out!!

[discern]

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2010) -
(All currency figures are in Canadian dollars unless otherwise noted)
High River Gold Mines Ltd. ("High River" or the "Company") (TSX:HRG) today reported its financial results and operational highlights for the three and six month periods ended June 30, 2010. The Unaudited Interim Consolidated Financial Statements and related Notes along with the Management's Discussion and Analysis have been filed with SEDAR (www.sedar.com) and can be viewed on the Company's website at www.hrg.ca.
HIGHLIGHTS FOR THE SECOND QUARTER 2010
Financial Results
Net gold revenue of $113.8 million, an increase of 16% from $97.7 million in Q1 2010, an increase of 34% from $84.6 million in Q2 2009.
Net income of $39.3 million (
.05 per share) compared to a net income of $27.5 million (
.03 per share) in Q1 2010 and a net loss of $37.8 million (-
.06 per share) in Q2 2009.
Cash flow from operations of $48.8 million, compared to $31.5 million in Q1 2010, and $22.8 million in Q2 2009.
Cash and cash equivalents increased to $92.7 million from $82.5 million at the end of Q1 2010, and up from $23.1 million at the end of Q2 2009.
Current and long term debt decreased to $31.5 million from $62.6 million at the end of Q1 2010 and from $135.6 million at the end of Q2 2009.