GLE Announced Strong News Before The Close:
Financial highlights:
- Net earnings totalled $1.8 million, or $0.01 per share in the latest period, compared to a loss of $226,000, or $0.00 per share in Q1, 2005
- Earnings from mining operations increased 135% to $2.0 million from $848,000 in the corresponding period of 2005
- Revenues from gold sales increased 121% to $11.5 million in the latest period compared to $5.2 million in Q1, 2005
- Average realized prices for gold sales were $555 per ounce and cash operating costs per ounce of gold sold were $352
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