AGORACOM Small Cap TV - February 21st - Highlights
posted on
Feb 21, 2012 10:00AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s February 21th , 2012, and we’ve found 7 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Stillwater Mining Reports Record Earnings of $144.3 Million or $1.30 per Diluted Share for 2011
STILLWATER MINING COMPANY</b> (NYSE: SWC) (TSX: SWC.U)
Stillwater Mining Company today reported 2011 net income of $144.3 million, or $1.30 per diluted share, compared to $50.4 million or $0.51 per diluted share earned in 2010. Revenues for 2011 totaled $906.0 million, up from $555.9 million for 2010. The 2011 earnings benefitted from strong selling prices for palladium and platinum, the Company's primary products, and from improved mining productivity and growth in recycling volumes during the year.
- Mined production volume totaled 517,900 PGM ounces for the year
- Recycling volume reached 486,700 PGM ounces for 2011
- Project and capital expenditures being closely monitored
- Blitz and Graham Creek PGM expansion projects being advanced as priority expenditures
- Engineering and permitting continues at Marathon project
The Company's reported net income for the fourth quarter of 2011 was $24.7 million, or $0.21 per diluted share, on revenues of $259.7 million. For the fourth quarter of 2010, the Company reported net income of $16.5 million, or $0.16 per diluted share, on revenues of $144.7 million. The 2011 fourth quarter results were constrained by turmoil in the European financial markets that led to a stronger U.S. dollar, putting downward pressure on commodity prices in general and on palladium and platinum prices in particular. Sales volumes of mined palladium and platinum also declined during the 2011 fourth quarter.
About Stillwater Mining Company
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company's common stock is publicly traded on the New York Stock Exchange (NYSE) under the symbol "SWC" and on the Toronto Stock Exchange under the symbol "SWC.U". Information on Stillwater Mining can be found at its web site: www.stillwatermining.com.
Last: 13.47Range: 16.23-7.37Market Cap: 1.5 billion
Rogue Iron Ore Intersects 150 Meters of 45% Total Iron
Rogue Iron Ore Corp. (TSX VENTURE:RRS) (the "Company")
is pleased to announce the third set of results from drilling at its Radio Hill Iron Ore project located 80 km southwest of Timmins, Ontario. Results announced today were the final results from the first phase of a two-phase, 10,000 meter diamond drill program. Phase one drilling focused on testing the southern contact along the 2,600 meters (east-west) strike length of the Radio Hill Iron Formation while phase two is focused on the central and northern portions. Phase two drilling commenced in December and is expected to be completed in April and culminate with a NI 43-101 compliant resource estimate.
Table 1: Radio Hill Phase One Drilling from Southern Extent of Iron
Formation
----------------------------------------------------------------------------
Hole #From (m)To (m)Core interval (m)Total Iron %
----------------------------------------------------------------------------
RH-11-11162.6312.4149.845.5
ABOUT ROGUE IRON ORE CORP.
Rogue Iron Ore is an iron exploration and development company with offices in Vancouver, BC, and Timmins, ON. The Company's primary asset is its Radio Hill Iron Project located 80 km southwest of Timmins, Ontario.
Last: 0.22Range: 0.46-0.135Market Cap: 8 million
Kilo Drilling Intersects 3.09 g/t Over 33.68 Metres on Adumbi Gold Deposit, Somituri Project, DRC
Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K)
is pleased to announce additional results from the 2011 diamond drill holes on the Company's 71.25 % owned Adumbi Gold deposit of the Somituri Project in north-eastern Democratic Republic of Congo ("DRC"). This drilling comprised both in-fill and along strike exploration.
Highlights:
SADD0044 3.31 g/t Au over 30.50 metres ("m") from 88.20 m to 118.70 m
SADD0049: 3.09 g/t Au over 33.68 m from 62.70 m to 96.38 m
SADD0039: 2.02 g/t Au over 27.40 m from 99.50 m to 126.90 m
SADD0047: 15.25 g/t Au over 2.50 m from 103.00 m to 105.50 m
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company has over 7,000 square kilometres of favourable Archaean Kabalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo. Kilo's principal focus is to advance its projects from exploration through feasibility to project development and ultimately to full production in a socially and environmentally responsible manner. The Company owns a 71.25% interest in the Somituri Project.
Last: 0.25Range: 0.50-0.12Market Cap: 54 million
Sajan, Inc. Announces Financial Results for Fourth Quarter and Full Year 2011
Sajan, Inc., (OTCBB:SAJA) a provider of global language services and translation management software, today reported financial results for the quarter and fiscal year ended December 31, 2011.
Revenues for the quarter ended December 31, 2011 were $5.1 million, which represented an increase of 15 percent over revenues for the quarter ended December 31, 2010 of $4.4 million. Net income for the fourth quarter of 2011 was approximately $226,000, or $0.01 per share, compared to net loss of approximately $420,000 or $0.03 per share for the same quarter last year.
Revenues for the year ended December 31, 2011 were $20.9 million, which represented an increase of 31 percent over revenues for the same period in 2010 of $16.0 million. Net income for the year ended December 31, 2011 was approximately $67,000, or $0.00 per share, compared to net loss of approximately $3.0 million or $0.20 per share for year ended December 31, 2010.
Sajan added over 100 new customers during 2011 and was successful in accomplishing many of its strategic goals. Demonstrating an ability to complement strong organic growth, Sajan successfully completed its first acquisition during the year, enhanced key technology components of its industry leading language translation management system technology – GCMS
Sajan is a leading provider of global language translation and localization services, helping clients around the world expand seamlessly into any global market.
By working closely with our clients, Sajan's experienced team of localization professionals develop tailored solutions which provide flexibility to any large or small business who truly desires to "think globally, but act locally." Based out of the United States, we also have offices in Ireland, Spain, Canada and Singapore. Sajan is publicly traded under the symbol SAJA.OB.
Last Trade: 1.35 52 Week: 2.16 - 0.65 Market Cap: 21.64 MIllion
ATS Corporation Announces Financial Results for the 2011 Fourth Quarter & Full Year (Unaudited)
ATSC reported revenue of $21.9 million for the fourth quarter of 2011. Revenue for the fourth quarter decreased by 21% from fourth quarter revenue of $27.7 million in fiscal year 2010.
Operating income for the fourth quarter of 2011 was $2.6 million and net income for the quarter was $1.6 million, or $0.07 per diluted share, compared to operating income of $3.5 million and net income of $2.2 million, or $0.10 per diluted share for the fourth quarter of 2010. EBITDA (1) was $3.3 million and adjusted EBITDA (2) was $3.6 million for the fourth quarter of 2011 resulting in an EBITDA margin of 14.9%, and 16.3%, respectively, compared to EBITDA (1) of $4.1 million for the fourth quarter of 2010, resulting in an EBITDA margin of 14.9 % for the fourth quarter of 2010.
Unaudited Full Fiscal Year 2011 Results
ATSC reported revenue of $91.4 million for the fiscal year ended December 31, 2011. Revenue for the year decreased $25.3 million, or by 21.7% from revenue of $116.7 million for fiscal year 2010. Revenue from Fannie Mae, a government sponsored enterprise, decreased by $7.7 million to $7.7 million, or by 50%. Revenue from commercial contracts decreased by $2.9 million to $9.4 million, or 23.6%. Revenue from civilian and defense contracts decreased by $14.6 million to $74.3 million, or 16.5%.
Operating income for 2011 was $7.5 million and net income for the year was $4.5 million, or $0.19 per diluted share, compared to operating income of $10.5 million and net income of $7.1 million, or $0.31 per diluted share in 2010.
EBITDA (1) was $10.0 million and adjusted EBITDA (2) was $11.9 million for 2011 resulting in an EBITDA margin of 10.9% and 13.0%, respectively, compared to EBITDA (1) of $14.5 million and adjusted EBITDA (2) of $13.1 million for 2010, resulting in an adjusted EBITDA margin of 11.3% for 2010. 2010 EBITDA (1) and net income for the year were favorably impacted by $1.3 million of other income associated with the resolution of indemnification claims from prior ATS acquisitions.
As of December 31, 2011, ATSC's balance sheet included debt of $2.0 million on its revolving credit facility and $63.8 million in stockholders' equity.
ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing, and consulting to the Department of Defense, federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, the Company has more than 400 employees.
Last Trade: 3.25 52 Week: 4.75 – 2.57 Market Cap: 74.66 Million
Midway Drills 50 Meters of 1.3 gpt Gold at Gold Rock, Nevada
Midway Gold Corp. (MDW - TSX Venture, MDW - NYSE Amex),("Midway" or the "Company") announces that drilling on its Gold Rock Project, White Pine County, Nevada intercepted 50 meters of 1.37 grams per tonne (gpt) gold including 8 meters of 4.4 gpt gold in core hole GR11-23c. Drilling also intercepted 45 meters of 1.44 gpt gold including 3 meters of 4.8 gpt gold and 4.4 meters of 3.9 gpt gold in GR11-14c, and 30 meters of 1.34 gpt gold including 16 meters of 2.1 gpt gold in GR11-29. These final results from the 2011 drilling program continue to confirm the expected grade and location of this bulk tonnage, Carlin-style, sediment-hosted gold mineralization defined by historical drilling.
Core holes that twinned adjacent reverse circulation (RC) holes show very good correlation in intercept thickness and average grade. The core holes GR11-23c and GR11-25c intercepted better gold grades than in the RC holes as shown in the twin hole comparison table below. Another core hole, GR11-14c, intercepted thicker gold mineralization with similar higher grade zones as seen in the RC twin.
Midway's 2011 Gold Rock drill program was part of a two-stage verification program designed to confirm a 2,500 meter long gold zone that Midway geologists identified from historic drill results by past operators. Verification drilling included 20,900 feet in 25 RC holes and 5,155 feet in 6 core holes. A detailed evaluation of historic drill hole survey locations, confirmation of assay results, and review of geology and alteration are in progress as part of 43-101 resource estimate currently in progress.
About Midway Gold Corp.
Midway Gold Corp. is a precious metals company with a vision to explore, design, build, and operate gold mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. For more information about Midway, please visit our website at www.midwaygold.com or contact R.J. Smith, Vice President of Administration, at (877) 475-3642 (toll-free).
Last Trade: 1.88 52 Week: 3.0305 – 1.29 Market Cap: 214.18 Million