OVERALL PERFORMANCE Executive Highlights for the three months ended August 31, 2011:
Net income at $5.0 million, increased by 188% compared to first quarter of fiscal 2011.
Gold poured at 18,014 ounces, increased by 8% and 68% compared to previous quarter and first quarter of fiscal 2011, respectively.
Gold stockpiled at 43,213 ounces, increased by 72% and 499% compared to previous quarter and first quarter of fiscal 2011, respectively.
Revenue at $26.2 million increased by 78% compared to first quarter of fiscal 2011.
Cash cost per ounce of gold sold at $554, decreased by 25% compared to first quarter of fiscal 2011.
Operating profit at $9.8 million, increased by 436% compared to first quarter of fiscal 2011.
