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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Metals & Mining Gold
Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Golconda Gold Ltd
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Post by BBXon Jul 26, 2012 11:49am
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Post# 20154856

G earns .41/s

G earns .41/s

 

Goldcorp earns $268-million (U.S.) in fiscal Q2 2012

2012-07-26 08:11 ET - News Release

 

Mr. Chuck Jeannes reports

GOLDCORP REPORTS 2012 SECOND QUARTER RESULTS

Goldcorp Inc. has released its financial results for the second quarter of fiscal 2012; all amounts are in U.S. dollars. The company reported adjusted net earnings in the quarter of $332-million, or 41 cents per share, compared with $413-million, or 52 cents per share, in the second quarter of 2011. Reported net earnings were $268-million compared with $489-million in the second quarter of 2011. Operating cash flow before working capital changes was $520-million. On July 10, 2012, the company released second quarter gold production and estimated cash costs in addition to updated production and cash cost guidance for 2012.

 

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