Business
GOLDEN GOOSE RESOURCES INC. REPORTS ITS 2010 SECOND QUARTER RESULTS
GOLDEN GOOSE RESOURCES INC. REPORTS ITS 2010 SECOND QUARTER RESULTS
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\n Aug. 27, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n MONTREAL, Aug. 27 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V:\n GGR) (the "Company") is pleased to report its unaudited\n interim financial statements for the three and six-month periods ended\n June 30, 2010 with comparative figures for 2009.\n \n\n 2010 Second quarter operating resultsFor the three-month\n period ended June 30, 2010, the Company reported a net income of\n $158,362 ($0.00 per share) compared with a net loss of $421,040 (loss of\n $0.01 per share) for the same period of 2009. An unrealized gain on held\n for-trading financial instruments in the amount of $477,353, coming from\n financial instruments received as consideration for the sale of Lac\n Levac property, and a gain of $20,393 realized on the sale of marketable\n securities was accounted for during the period. Also during the period,\n general and administrative expenses were reduced from $380,218 to\n $312,355 this quarter as a result of lower administrative salaries.\n Interest income increased from $7,786 to $36,580 due to the 8%\n convertible debenture received as part of the consideration for Lac\n Levac. \n \n\n For the six-month period ended June 30, 2010, the Company reported a net\n income of $124,325 ($0.00 per share) compared with a net loss of\n $616,600 (loss of $0.01) for the same period in 2009. The net income\n realized during the six-month of this year is attributable to a gain of\n $187,909 on the sale of Lac Levac property on January 15, 2010, to an\n unrealized gain on held for-trading financial instruments in the amount\n of $318,878 coming from financial instruments received as consideration\n for the sale of Lac Levac property, and a realized gain of $20,393 on\n the sale of marketable securities. Also during the six-month period,\n Golden Goose recorded an income tax recovery of $237,906 as a result of\n the reversal of valuation allowance mainly d...