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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: alpharomero.com who wrote (67518)	10/14/2009 5:42:22 AM
From: Celtictrader	Respond to of 78418

Obvious manipulation,MMs games imo Our time will come!

To: alpharomero.com who wrote (67518)	10/15/2009 3:11:17 PM
From: Celtictrader	Read Replies (2) \| Respond to of 78418

CGLD Capital Gold Reports 64% Gain in Net Income for Fiscal 2009 8:00a ET October 15, 2009 (PR NewsWire) Capital Gold Corporation (TSX: CGC; OTC Bulletin Board: CGLD) reported today a 64% increase in net income for the fiscal year ended July 31, 2009, as compared to the previous year. Below is table comparing the summary of annual results for the years ended July 31, 2009, 2008 and 2007: Summary of Annual Results For the For the For the year year year (000's except per share data) ended ended ended July 31, July 31, July 31, 2009 2008 2007 Revenues $42,757 $33,104 - Net Income 10,407 6,364 (7,472) Basic net income per share 0.05 0.04 (0.05) Diluted net income per share 0.05 0.03 - Gold ounces produced 49,921 39,242 - Average price received $883 $847 - Cash cost per ounce sold(1) $271 $276 - Total cost per ounce sold(1) $314 $335 - Highlights from the year ended July 31, 2009, as compared to the prior year include: -- Net income increased approximately 64%. -- Revenue increased approximately 29%. -- Basic net income per share increased 25%. -- Gold ounces sold increased approximately 24%. "This has been an exciting and productive year for Capital Gold," said John Brownlie, Capital Gold's President and Chief Operating Officer. "The efforts made by our team have added shareholder value by maintaining a safe and profitable working environment at the El Chanate mine. Our increasing production profile is a result of ongoing improvements in plant operations and mining efficiencies, making us, what we believe to be, one of the lowest cost gold producers in the industry." In a press release dated October 13, 2009, the Company announced a 64% increase to El Chanate's proven and probable reserves. Brownlie said, "We now have plans in place that should allow us to further increase production and reserves at El Chanate. The Company is focused on growing our assets and production both organically and through acquisitions. In addition to expanding El Chanate, we have been drilling at our exploration property, Saric. The latest phase of our drill program is almost complete and once our geologists have compiled their findings, we will report on the results of this work." A conference call discussing the year end results will be held on Thursday, October 15, 2009, at 11:00 AM Eastern Time which will be accessible through dial-in conferencing. Dial-in Numbers: 1-800-891-3493 (North America) 1-212-231-2909 (International)