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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

Metals & Mining Gold

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > Q1 report out
View:
Post by discern1 on May 15, 2012 6:40pm

Q1 report out

See marketwire.

Profit
.07/share is the highest quarter yet.

 

First Quarter Financial Highlights

  • Average realized gold price of US$1,663 per ounce, up 20% (Q1 2011: US$1,385)
  • Revenue of $138.9 million, up 13% (Q1 2011: $122.4 million)
  • Net income up 54% to $57.6 million (Q1 2011: $37.3 million)
  • Cash flow from operating activity of $71.5 million (Q1 2011: $53.5 million)
  • Cash and cash equivalents of $95.6 million (Q1 2011: $204.1 million)

Corporate Developments

  • Bissa project construction in Burkina Faso progressing rapidly with engineering work mostly complete; on track to deliver first gold in H1 2013.
Comment by discern1 on May 15, 2012 6:47pm
HRG is now at a P/E of about 3
Comment by discern1 on May 15, 2012 7:06pm
Rounded up, P/E more around 3.8    
Comment by canoe2000 on May 16, 2012 3:29pm
Rounded up, P/E more around 3.8   I think its time for a 10 cent annual dividend.
High River Gold Mines Ltd
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