Crocodile Gold (TSX:CRK) released their Q4 and 2010 production numbers today and despite one of the wettest quarters in the Northern Territory of Australia, Croc produced 22,300 ounces in Q4 and produced 81,800 ounces in 2010. The yearly production total was slightly below their guidance of 85,000 ounces due to heavy monsoonal rains in Q4, but Croc selectively mined higher grade areas to offset some of the production difficulties caused by the rain. Higher rainfall is expected to continue through the Wet Season into Q1 2011, but what’s important to note is that Croc should be increasing production and lowering costs in 2011 as the higher grade Cosmo underground mine comes into production in mid-2011, in addition to ore sourced from the Pine Creek area in which Croc I’m told is close to finalizing the permitting. I’m told the ramp development at Cosmo has advanced 562 metres and its well on its way to becoming Croc’s key asset. Croc should have some news flow over the next couple of months including production guidance for 2011 later this month and an update on the reserves and resources in mid-February. 2011 is a year to watch the Croc!