Business
ROCA Reports Annual Results
ROCA Reports Annual Results
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\n\n\n\n Dec. 21, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX.V:ROK\n\n\nVANCOUVER, Dec. 21 /CNW/ - Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") has released its financial results for the\n annual period ended August 31, 2010, including production and sales\n from the MAX molybdenum mine located in British Columbia, Canada.  All\n dollar amounts are stated in Canadian dollars unless otherwise\n indicated.\n\n\nOverview and highlights:\n\n\n\nMAX Molybdenum mine awarded British Columbia's 2009 Mining and\n Sustainability Award in April of 2010; \n\n\n\n\nGovernment approval of Phase II MAX mine expansion plan to operate at\n 1,000tpd; \n\n\n\n\nRevenues of $17.6 million for September 1, 2009 to August 31, 2010;\n\n\n\n\nCash costs of $11.99 per lb (US$11.47) during the year ended August 31,\n 2010;\n\n\n\n\nAverage molybdenum recoveries of over 95%; and\n\n\n\n\nMolybdenum in concentrate production of 1,381,631 lbs for the year ended\n August 31, 2010.\n\n\n\nMAX Molybdenum Mine - Production Results and Concentrate Sales\n\n\nRevenues of $17.6 million for the year ended August 31, 2010 result from\n shipments during fiscal 2010 and reflect final and/or estimated final\n pricing at August 31, 2010. The Company sells its concentrates to a\n UK-based buyer with sales revenues based on average prevailing\n molybdenum oxide prices subsequent to delivery.\n\n\nThe table below is a summary of the average operating statistics by\n qua...