NGUGF(.002) posted $439,720 dollars NET profit..
Quarter ended September 30, 2013
The Company reported a profit before income tax for
the quarter ended September 30, 2013 of $1,001,559
or $0.003 per common share compared to a net profit of
$965,667 or $0.004 per common share, for the
corresponding quarter last year. The result for the
September quarter was materially influenced by the
reversal of a significant provision ($462,493) during the period, and the valuation of inventory as at September 3
0. The reversal of the provision was in relation to a claim against the Company by former employees. After consideration
of the matter, the Company has determined that it i
s appropriate to carry this amount as a contingency
and not a current liability The net profit for the quarter ended September 30, 2013 includes results from mining operations,
which produced a net operating profit of $439,720.
This net mining operating profit included metal sales, net of
refining and royalty costs, of $456,404.
PAGE 3 http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00004817&fileName=/csfsprod/data148/filings/02140119/00000001/C%3A\SEDAR\NGG\FS130930Q3MDA.pdf