"The Company recognized revenue during the quarter ended June 30th , 2009 of $3,537,833 on sales of 3,307 ounces of gold. This compares to revenue of $2,529,511 on sales of 2,778 ounces in the same quarter last year. For the year to date the Company has recognized revenue of $7,243,910 on sales of 6,606 ounces compared to sales of $3,394,100 on sales of 3,770 ounces in the same period last year. The Company reported a net loss of $10,797,565 ($0.04 per share) for the three months ended June 30th, 2009 compared to a loss of $12,751,859 ($0.06 per share) for the comparable period in the prior year. For the year to date, the Company reports a loss of $19,269,497 ($0.08per share) in comparison to a loss of $23,732,879 ($0.11 per share) for the first six months of the prior year. The improvement in performance over the same period last year is mostly attributable to increases in revenue as the cost structure has a high component of fixed expense. Of note during the quarter is the recovery of 5,502 ounces of gold on which revenue is not recognized. These commissioning ounces are recorded as a reduction to the capitalized value of the Hinge mineral property; this translates to a dollar amount of $5,885,434 – when commercial production is declared on the Hinge, these ounces will be considered production and be recorded as revenue which would have a material impact on the reported performance of the Company."