Business
Gran Colombia announces second quarter 2011 results
TORONTO, Aug. 16, 2011 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM, GCM.WT, GCM.WT.A) has file...
About this update from Aris Mining Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Aug. 16, 2011 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM,\n GCM.WT, GCM.WT.A) has filed today its interim condensed consolidated\n financial statements for the three and six months ended June 30, 2011. \n The Company's consolidated financial statements, together with its\n Management's Discussion and Analysis of these results, are available\n for review on the Company's website at www.grancolombiagold.com and under the Company's profile at www.sedar.com.\n\n\nThe Company reported revenues for its second fiscal quarter of 2011 of\n US$27.8 million, principally from the sale of 17,533 ounces of gold at an\n average realized price of US$1,529 per ounce. For the first half of\n 2011, gold sales amounted to 32,307 ounces and total revenues were\n US$48.5 million.\n\n\nFor the second quarter ended June 30, 2011, the Company reported a net\n loss attributed to shareholders of US$11.0 million, or US$0.04 per share, after reflecting a US$4.8 million one-time charge related to\n the costs of the merger with Medoro Resources (Yukon) Inc. on June 10th. For the first half of 2011, the net loss attributed to shareholders\n was US$27.7 million, or US$0.12 per share, after reflecting the Medoro\n merger costs and a US$12.6 one-time charge recorded in the first\n quarter related to the 2011-2014 equity tax levied on companies in\n Colombia.\n\n\nAbout Gran Colombia Gold Corp.\n\n\nGran Colombia is a Canadian-based gold and silver exploration,\n development and production company with its primary focus in Colombia. \n Gran Colombia is currently the largest underground gold and silver\n producer in Colombia with six underground mines in operation.  In\n addition, Gran Colombia is also developing a large-scale, open-pit gold\n and silver mine at Marmato.  The Company also has a highly-prospective\n land position in Colombia as well as an advanced stage property in\n Venezuela and earlier stage properties in Mali.\n\n\nAdditional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.\n\n\nCautionary Statement on Forward-Looking Information:\n\n\nThis news release contains \"forward-looking information\", which may\n include, but is not limited to, statements with respect to the future\n financial or operating performance of ...