Prodigy Gold Inc. (GOLDEN GOOSE RESOURCES) (KX3 - FWB)

[wallabe_short]

NEWS Golden Goose loses $928,898 in 2006




http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-675979-C:GGR&symbol=GGR&news...



Golden Goose loses $928,898 in 2006


2007-04-24 17:49 ET - News Release

Mr. Jean-Marc Lacoste reports

GOLDEN GOOSE RESOURCES INC. REPORTS ITS 2006 ANNUAL RESULTS

Golden Goose Resources Inc. has released its audited financial statements for the year ended Dec. 31, 2006, with comparative figures for 2005. (The complete version will be available on SEDAR.)

For the year ended Dec. 31, 2006, the company had a net loss of $928,898 or three cents per share compared with a 2005 net loss of $473,144 or two cents per share. The granting of options under the stock option plan was valued under the Black-Scholes method, creating a $660,600 charge to expense in 2006 compared with a $148,480 charge to expense in 2005, thus increasing the loss by $512,120. Expenses, excluding stock compensation expense, were increased to $637,757 in 2006 compared with $396,890 in 2005, mainly due to shareholder communications, consulting fees, legal fees and corporate development as a result of an overall major increase in corporate activities.

The company has capitalized exploration expenditures in 2006 of $1,305,135, with most of it being used toward the Magino drill program. This brings the total mining interest as of Dec. 31, 2006, to $8,784,501