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Gold/Mining/Energy : Century Mining Corporation

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From: John McCarthy	8/10/2006 11:19:30 AM
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GGG.TO reported today .... new.stockwatch.com in part they said .... >>>>>>>>>>>>>>>>> Highlights for the second quarter of 2006: - Earnings from mining operations increased to $3.8 million from $188,000 in the corresponding period of 2005 - Record net earnings totalled $2.1 million, or $0.01 per share in the latest period, compared to a net loss of $1.4 million, or $0.01 per share, in the corresponding period of 2005 - Record gold production increased to 21,127 ounces compared to 9,669 ounces in the corresponding period of 2005 (Bellavista entered production in late 2005) - Gold sales more than doubled to 20,137 ounces sold in the latest quarter compared to 9,657 ounces in the corresponding quarter of the previous year - Record revenues from gold sales increased to $12.4 million, three times the $4.1 million revenue figure of the second quarter of 2005 - Cash operating costs per ounce of gold sold were $320 compared to $347 in the corresponding period of 2005 >>>>>>>>>>>>>>>>> I don't know how many oz of reserves they have or what their production run rates are forecast to be in 2007 and 2008 Here is their share count --------------------------- glencairngold.com >>>>>>>>>>>>>>>>> Common Shares Issued and Outstanding: 235 million Fully Diluted: 313 million includes 30.8 million warrants that trade on the TSX (ticker symbol GGG.WT) exercisable at C$1.25 until Nov. 26/08 >>>>>>>>>>>>>>>>> If I take their price right now c$0.68 times fully diluted shares of 313 million their c$ market cap totals $224.4 million roughly speaking ours (CMM) totals $148.5 million (135 million times 1.10) the difference in market cap is $46 million .... we'd have to goto c$1.65 to have the same market cap ..... I am hoping that the Toronto exchange will help make up for some of this difference .... John

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