AGORACOM Small Cap TV - March 28th - Highlights
posted on
Mar 28, 2012 09:00AM
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 March 28th, 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 ... or click on the image below.
Rainy River Resources Intersects Significant Mineralization in Cap Zone, With 15.0 g/t Gold and 24.4 g/t Silver Over 4.8 Metres
Rainy River Resources Ltd. ("Rainy River" or the "Company") (TSX:RR)
is pleased to announce assay results from the Rainy River Gold Project ("RRGP") in northwest Ontario. Results are summarized in Table 1.
HIGHLIGHTS
-- CAP Zone drilling continues to intersect potential underground grades
and widths.
-- Drill hole NR121069 intersects 4.8 metres grading 15.0 g/t gold and 24.4
g/t silver at a vertical depth of 472 metres.
-- Drill hole NR07198W3 intersects 3.5 metres grading 12.0 g/t gold and 2.9
g/t silver at a vertical depth of 517 metres.
-- Within the ODM Zone and within the resource pit, drill hole NR111014
intersects 16.5 metres grading 12.7 g/t gold and 3.3 g/t silver, and
continues to demonstrate the high grade nature of the ore at depth.
-- Within the ODM Zone and below the resource pit, drill hole NR07198W1
intersects 10.5 metres grading 5.0 g/t gold and 1.4 g/t silver.
About the company
Rainy River Resources is focused on exploring and developing newly discovered gold resource in the southwest corner of northwestern Ontario Canada.
Last: 5.28 Range: 11.68-5.12 Market Cap: 462 million
Malaga Improves Profitability and Generates a Net Income of $5.6M and Income From Mining Activities of $7.8M in 2011
Malaga Inc. ("MLG") (TSX:MLG)(OTCQX:MLGAF)
is pleased to report its financial results today for the year ended December 31, 2011. The management discussion and analysis and audited financial statements can be found on the Company's website (www.malaga.ca) and on SEDAR (www.sedar.com). All amounts are in US dollars unless otherwise indicated.
2011 Full Year Highlights
-- Net income of $5.6M compared to $1.2M in 2010;
-- Income from mining activities of $7.8M compared to $1.7M in 2010;
-- EBITDA of $6.1M compared to $2.4M in 2010;
-- Cash flow from operations before changes in non-cash working capital
items of $5.9M, an increase of $4.6M over 2010;
-- Revenues of $20.9M compared to $14.2M in 2010;
-- A 77% increase in the APT average reference selling price, from $240 in
2010 to $424 in 2011;
-- Increase in reserves of 16%, increasing from 169,427 tonnes ("t") as at
January 1, 2010 to 195,880 t as at November 25, 2011 and an increase for
the same comparative period of 104% in measured and indicated resources
increasing from 398,845 t to 814,097 t and 129% increase in inferred
resources (4,168,216 t compared to 1,820,641 t);
-- First exploration campaign of the mantos structures on the southern part
of the property and in the Consuzo zone initiated in 2011 and is ongoing
with a total of 2,572 meters of diamond drill holes completed;
nTrading on the OTCQX International began in 2011.
ABOUT MALAGA INC.
Malaga Inc. owns the producing Pasto Bueno mine in Peru and is one of the few publicly-traded producers of tungsten outside of China. Malaga is a low cost producer due to its gravimetric ore concentration process and the availability of hydroelectric power generated on its property. Malaga's production capacity represents about 10% of the tungsten available for sale outside of China. The Company plans to increase production and continue to explore the property to develop its reserves and resources.
Last: 0.15 Range: 0.335-0.095 Market Cap: 27.5 million
Richmont Announces Results From a Preliminary Economic Assessment for Wasamac and Approves $15 Million Advanced Exploration Budget
Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC),
is pleased to announce the results of an independent Regulation 43-101 ("R 43-101") Preliminary Economic Assessment(A)("PEA" or the "Report") for the Wasamac Gold Project (the "Property") located in Rouyn-Noranda, Quebec. The Report reinforces the Corporation's view that there is a potential to establish an underground bulk-mining operation on the Property. The PEA was coordinated by Richmont, and the technical report will be completed by Roscoe Postle Associates Inc. ("RPA") and filed on SEDAR (www.sedar.com) within 45 days of this press release. All dollars are presented in Canadian currency unless otherwise noted.
PEA Highlights:
About Richmont Mines Inc.
Richmont has produced over 1,200,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. The Corporation currently produces gold from its Island Gold and Beaufor mines, and is currently advancing its Francoeur Mine to commercial production, which should increase Richmont's production to an annual rate of approximately 100,000 ounces of gold. With extensive experience in gold exploration, development and mining, the Corporation is well positioned to cost-effectively build its Canadian reserve base through a combination of organic growth, strategic acquisitions and partnerships. Richmont routinely posts news and other important information on its website (www.richmont-mines.com).
Last: 8.84 Range: 13.39-6.27 Market Cap: 293 million
Hana Mining Ltd.: Diamond Drilling Extends the Strike and Down Dip Extension of High-Grade Copper-Silver Mineralization at the Northeast Fold of the Banana Zone
Hana Mining Ltd. ("Hana" or the "Company") (TSX VENTURE:HMG)(FRANKFURT:4LH)
is pleased to announce its most recent drilling results from the completion of eight infill and down-dip extensional diamond-drill holes at the Banana Zone at its Ghanzi sediment hosted Copper-Silver Project in Botswana. Extensional drilling at the Northeast Fold area ("NEF") has increased the down-dip extension of copper-silver mineralization by approximately 50 metres or by 25%.
Highlights of recent drilling results:
The latest results demonstrate that Banana Zone contains areas which host high-grade copper-silver mineralization.
-- Core lengths intercepts of:
-- 6.25% CuEq(1)(5.31% Cu and 64.0 g/t Ag) over 2.2 metres in the
footwall sandstones and 4.11% CuEq(1)(3.90% Cu and 14.0 g/t Ag) over
14.9 metres within a wider mineralized interval of 2.17%
CuEq(1)(2.06% Cu and 8.0 g/t Ag) over 31.0 metres in the hanging
wall in hole HA-510-D,
-- 6.58% CuEq(1)(6.42% Cu and 11.0 g/t Ag) over 3.3 metres within a
wider mineralized interval of 2.12% CuEq(1)(2.06% Cu and 4.0 g/t Ag)
over 11.0 metres in hole HA-505-D,
-- 3.09% CuEq(1)(2.30% Cu and 54.0 g/t Ag) over 5.6 metres within a
wider mineralized interval of 1.29% CuEq(1)(0.98% Cu and 21.0 g/t
Ag) over 17.0 metres in hole HA-502b-D (extensional hole),
-- 2.27% CuEq(1)(2.11% Cu and 11.0 g/t Ag) over 2.4 metres within a
wider mineralized interval of 0.53% CuEq(1)(0.50% Cu and 2.0 g/t Ag)
over 32.5 metres in hole HA-504c-D.
About Hana Mining's Ghanzi Copper-Silver Project in Botswana:
The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,149 square kilometres, and contains sediment - hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on December 20, 2010, announcing an Indicated mineral resource of 585 million pounds of copper and 12 million ounces of silver from 19.7 million tonnes at a grade of 1.35% copper and 19.7 g/t silver.
Last: 1.90 Range: 4.08-0.90 Market Cap: 189 million
Riverstone Extends Goulagou I Deposit Strike Length With 74 Metres Averaging 1.27 g/t Au Intersection
Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV)
is pleased to report results from 34 reverse circulation ("RC") drill holes on the 100% owned Goulagou I Deposit ("GGI"), which forms part of the Company's flagship Karma Gold Project in Burkina Faso, West Africa. These holes are part of a program of drilling designed to confirm and extend the known GGI Deposit mineralization along strike and at depth, and upgrade the inferred resources to the indicated category
Significant assay intervals in these RC holes are as follows:
·1.27 g/t Au over 74 m (including 2.69 g/t Au over 6 m) in RC-267
·1.24 g/t Au over 46 m (including 2.95 g/t Au over 12 m) in RC-260
·1.18 g/t Au over 28 m in RC-266
·1.32 g/t Au over 22 m; 1.62 g/t Au over 10 m and 1.42 g/t Au over 10 m in RC-281
·1.06 g/t Au over 26 m in RC256
About the company
Riverstone is active in gold exploration in Burkina Faso, West Africa, where it holds a portfolio of four high quality exploration projects covering in excess of 2,000 square kilometres. Additional information about the Company and its activities may be found on the Company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com.
Last: 0.57 Range: 1.09-0.43 Market Cap: 74 million
Nutrastar Announces Record Full Year 2011 Results
Nutrastar International Inc. (OTCBB: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded consumer products, including commercially cultivated Cordyceps Militaris ("Cordyceps"), functional health beverages and organic and specialty foods, today announced its results for the year ended December 31, 2011.
Financial Highlights for the Year Ended December 31, 2011:
Revenues increased 41.1% to $34.21 million compared to $24.24 million in the year ended December 31, 2010.
Gross profit increased 32.4% to $25.96 million, up from $19.6 million in the comparable 2010 year, representing a gross margin of 75.9%.
Net income rose 26.3% to $17.00 million, up from $13.44 million in 2010, representing a net margin of 49.7%.
Basic and diluted EPS were $1.12 and $1.04, respectively with 14.78 million basic shares and 16.34 million diluted shares outstanding.
Financial Position as of December 31, 2011
The Company had cash and cash equivalents totaling $54.56 million or $3.34 per diluted share, total assets of approximately $76.43 million or $4.68 per diluted share, working capital of $52.33 million or $3.20 per diluted share, and stockholders' equity of $72.02 million.
Outlook for the Year Ending December 31, 2012
Based on management's current expectations, the Company maintains its belief that revenue will be in the range of $40 million to $44 million, representing an approximate 17% to 29% top line increase year over year.
About Nutrastar International Inc.
Nutrastar is a China based leading producer and supplier of premium branded consumer products including commercially cultivated Cordyceps Militaris, functional health beverages as well as specialty and organic foods. Cordyceps Militaris is one of the most highly regarded herbal nutrients in Traditional Chinese Medicine. The Company is headquartered in Harbin, capital of Heilongjiang Province, with 332 employees, including 21 in R&D, and 149 in sales and marketing.
Last Trade: 2.01 52 Week: 3.41 – 1.42 Market Cap: 30.03 Million
Revett Minerals Reports 2011 Financial Results
Revett Minerals Inc. (NYSE Amex:RVM) (TSX:RVM) ("Revett" or the "Company") is pleased to announce its consolidated operating and financial results for the year ended December 31, 2011. The financial results are based on US GAAP unless otherwise indicated and all currencies are in United States dollars unless otherwise indicated.
Highlights for the year ended December 31, 2011 include:
Net cash from operations (1) was $28.2 million, an increase of 131% over 2010 net cash from operations of $12.2 million. Record net income for the year was $13.5 million, or $0.36 per share.
Record silver production of 1.29 million ounces and copper production of 10.65 million pounds were 28% and 21% higher than in 2010. Also achieved record mill throughput at the Troy Mine, averaging 3,957 tons per day.
Total revenue for 2011 increased by 49% to $70.1 million compared to $47.0 million during 2010.
Net income for the year was $13.5 million or $0.36 per share, compared to a net loss of $0.6 million or $(0.02) per share for 2010.
At December 31, 2011, cash and short term investments were $25.2 million, compared to $8.8 million at December 31, 2010.
Revett, through its subsidiaries, owns and operates the currently producing Troy Mine in Lincoln County, Montana and development-stage Rock Creek Project located in Sanders County, Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project form the basis of our plan to become a premier mid-tier base and precious metals producer. Revett plans on expanding production through exploration in and around its current properties, as well as through targeted business combinations of advanced stage projects.
Last Trade: 4.26 52 Week: 6.32 – 3.11 Market Cap: 145.45 Million