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Aug 15

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orfg_logo Orofino Gold Corp. (ORFG.PK) is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world.

To this end Orofino Gold Corp. has signed an option agreement to acquire several properties in Colombia.

Orofino Gold Corp. competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities.

In addition, Orofino Gold Corp. has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia.

The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment.

These properties are in areas of known gold reserves, low production costs and multi million ounce potential.

**At the Orofino Gold Corp. Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces.

All production has been Artisanal (small miners) in nature and production continues to this day.

With the frequent occurrence of the very high grade gold vein systems in the central area of Orofino Gold Corp. Senderos de Oro project and with several small scale grinding and amalgamation mills in-place Orofino Gold Corp. is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

Orofino Gold Corp. shares closed friday at $0.08

For more information about this company please visit http://www.orofinogold.com/

fcx_logo_200x72 Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is a leading international mining company with headquarters in Phoenix, Arizona.

FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.

In addition, FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum.

**FCX Reports Second-Quarter and Six-Month 2010

Net income attributable to common stock for second-quarter 2010 was $649 million, $1.40 per share, compared with net income of $588 million, $1.38 per share, for second-quarter 2009.

Net income attributable to common stock for the first six months of 2010 was $1.5 billion, $3.40 per share, compared with $631 million, $1.54 per share, for the first six months of 2009.

Freeport-McMoRan Copper & Gold Inc. shares closed friday at $70.07

For more information about this company please visit http://www.fcx.com

svm_logo_200x72 Silvercorp Metals Inc. (NYSE:SVM) is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada.

Silvercorp is the largest primary silver producer in China through the operation and development of four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China.

The company is also applying for a mining permit at the GC property in the Guangdong Province to establish a second base for production in China.

Additionally, Silvercorp recently acquired the Silvertip project in northern British Columbia, Canada, as an additional platform for growth and geographic diversification.

The Company’s shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

**Silvercorp Metals Inc. (“Silvercorp” or the “Company”) reported its unaudited financial and operating results for the first quarter ended June 30, 2010 (“Q1 2011”).

For the first quarter of fiscal 2011, Silvercorp recorded net earnings of $14.1 million, or $0.09 per share, an increase of 88% over the earnings of $7.5 million, or $0.05 per share, in the same quarter last year.

Net earnings improved primarily due to higher metal production and higher realized selling prices.

**Silvercorp Metals Inc. Board of Directors has declared its first fiscal 2011 quarterly dividend of CAD$0.02 per share, to be paid on or before October 21, 2010 to shareholders of record at the close of business on September 30, 2010.

Silvercorp Metals Inc. shares closed friday at $6.84

For more information about this company please visit http://www.silvercorpmetals.com/

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWESelect.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer( http://crweselect.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWESelect.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.

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Aug 14

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orfg_logo Orofino Gold Corp. (ORFG.PK) is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world.

To this end Orofino Gold Corp. has signed an option agreement to acquire several properties in Colombia.

Orofino Gold Corp. competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities.

In addition, Orofino Gold Corp. has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia.

The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment.

These properties are in areas of known gold reserves, low production costs and multi million ounce potential.

**At the Orofino Gold Corp. Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces.

All production has been Artisanal (small miners) in nature and production continues to this day.

With the frequent occurrence of the very high grade gold vein systems in the central area of Orofino Gold Corp. Senderos de Oro project and with several small scale grinding and amalgamation mills in-place Orofino Gold Corp. is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

Orofino Gold Corp. shares closed friday at $0.08

For more information about this company please visit http://www.orofinogold.com/

rtp_logo_200x72 Rio Tinto plc (NYSE:RTP) is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore.

Their activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.

**Rio Tinto has received a binding offer from funds affiliated with Apollo Global Management, L.P. (Apollo) and the Fonds Stratégique d’Investissement (FSI) to buy a 61 per cent stake in Alcan Engineered Products (AEP), excluding the Cable Division.

The transaction follows the successful divestment last year of the Composites division of the Engineered Products business. The terms of the transaction are confidential.

Under the terms of the transaction, Apollo would become the majority and managing shareholder in AEP with a 51 per cent stake in a new holding company for AEP, with the FSI holding 10 per cent. Rio Tinto would hold a 39 per cent stake.

Rio Tinto will respond to this binding offer following consultation with the relevant employee representatives.

Guy Elliott, Chief Financial Officer, Rio Tinto, said: “This potential sale of a majority stake to Apollo and FSI is in line with our strategy of divesting non-core assets of Rio Tinto Alcan. When this transaction is completed, we will have exited all downstream businesses, except Alcan Cable. We look forward to participating in the upside potential of AEP, both as a minority shareholder and key supplier to the business.”

Rio Tinto plc shares closed friday at $51.00

 

For more information about this company please visit http://www.riotinto.com

 

 

cde_logo_200x72 Coeur d`Alene Mines Corporation (NYSE:CDE) is one of the world’s leading silver companies and is also a significant gold producer, with three new long-life precious metals mines brought on line over the last two years.

In 2010, the Company expects to produce 17.3 million ounces of silver and 170,000 ounces of gold with rapidly rising metal sales and operating cash flow.

The Company began the year with record reserve levels of 269 million silver ounces.

Coeur has a strong Latin American presence, having completed its first full year of production at its large new silver mine - San Bartolomé in Bolivia – and will have its first full year of production in 2010 at its newest operation – the Palmarejo silver/gold mine in Mexico.

Production also recently began at the world’s newest pure gold mine, Coeur’s 100% owned Kensington Gold Mine in Alaska.

Coeur also owns and operates an underground mine in southern Argentina and one surface mine in Nevada; and owns non-operating interest a low-cost mine in Australia.

The Company conducts ongoing exploration activities near its operations in Argentina and Mexico.

Coeur d’Alene Mines Corporation reported record quarterly sales and operating cash flow, driven by its two new, long-life gold and silver mines in Mexico and Bolivia.

The Company’s Kensington gold mine in Alaska, the world’s newest pure gold mine, began processing ore in the second quarter ahead of schedule and is expected to drive a 135% increase in companywide gold production this year over last year’s levels.

**Companywide metal sales jumped nearly $33 million, or 49%, to a record $101.0 million, compared to last year’s second quarter, aided by strong production and robust metals prices.

Operating cash flow increased 116% compared to last year’s second quarter to a quarterly Company record of $32.5 million, driven by Coeur’s Palmarejo and San Bartolomé mines, which started operations within the past two years.

Coeur d`Alene Mines Corporation shares closed friday at $14.54

For more information about this company please visit http://www.coeur.com/

 

 

 

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWESelect.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer( http://crweselect.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWESelect.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.

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Aug 11

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orfg_logo Orofino Gold Corp. (ORFG.PK) is a precious metals acquisition, exploration, and development company that has signed an option agreement to acquire several properties in Colombia , currently a hot spot of gold production.

ORFG has categorized the Senderos de Oro properties as good high priority, high return opportunities. These properties are in areas of known gold reserves, and have current small scale production of Gold. Recent samples returned values as high as 250 grams Gold with high copper values exceeding 10%. Geological trending indicates continuation at depth.

At the Orofino Gold Corp. Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces. All production has been Artisanal (small miners) in nature and production continues to this day.

With the frequent occurrence of the very high grade gold vein systems in the central area of ORFG Senderos de Oro project and with several small scale grinding and amalgamation mills in-place ORFG is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

For more information about this company please visit http://www.orofinogold.com/

nem_logo_200x72 Newmont Mining Corp. (NYSE:NEM) is primarily a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico.

NEM is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500.

NEM recently reported second quarter adjusted net income of $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter. Net income attributable to Newmont stockholders was $382 million ($0.78 per share) compared to $162 million ($0.33 per share) in the second quarter of 2009.

In addition, NEM recently reported that its Board of Directors approved an increase in the Company’s regular quarterly dividend from $0.10 per share of common stock to $0.15 per share of common stock, payable on September 29, 2010 to holders of record at the close of business on September 8, 2010.

For more information about this company please visit http://www.newmont.com/

 

hl_logo_200x72 Hecla Mining Co. (NYSE:HL) recently reported net income of $17.1 million in the second quarter of 2010, compared with net income of $2.5 million in the second quarter of 2009. After dividends to holders of its preferred stock, HL reported net income applicable to common shareholders of $13.7 million, or 6 cents per basic share, in the second quarter of 2010, compared to a loss of $0.9 million in the second quarter of 2009. Hecla’s mandatory convertible preferred stock will be converted into common stock in January 2011.

Cash flow from operating activities in the second quarter of 2010 was $54.0 million compared with $20.0 million in cash flow from operating activities in the same prior year period. In the second quarter of 2010, the company also received $45.6 million from the exercise of common stock purchase warrants and stock options. During the quarter, capital expenditures were $18.2 million compared to $7.3 million in the same prior year period. The increase is primarily the result of a ramp-up in capital expenditures, particularly with deep development at the Lucky Friday mine.

HL experienced the second highest gross profit and cash flow from operating activities in Hecla’s 119-year history.

For more information about this company please visit http://www.hecla-mining.com

 

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PLEASE BE SURE TO VISIT CRWESELECT.NING.COM

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more). Rule 17B of the Securities Act of 1933 requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.

The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone.

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Aug 9

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sila_logo_200x72 Gold American Mining Corp. (SILA.OB) is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.

SILA recently entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. SILA reported they received funds in the amount of $300,000 in virtue of this agreement and that SILA still has a balance of $7.2 million that SILA could call upon to fund their exploration and acquisition strategy. During 2010, SILA have received total equity subscription proceeds of $500,000.

The funding will be utilized by Gold American in its ongoing acquisition strategy and specifically in the further exploration and development of its existing Keeno Strike Property in Nevada, which could potentially contain ~1.1 million ounces of gold and ~69.0 million ounces of silver accessible via open-pit bulk handling methods, and its Guadalupe Property in Mexico, which is located approximately 5 miles north of the world’s richest underground silver mine operated by the +$10 billion London Stock Exchange-traded company, Fresnillo plc.

In addition, SILA has recently announced that its geophysics plan has been completed at the Guadalupe property in Mexico. The company has completed the magnetic and induced polarization surveys on 20.5 kilometers of the property. The company is very optimistic about the completion of its geophysics program and hopes to get the final plans and results of the sampling by the beginning of August, 2010.

Furthermore, SILA has entered into a definitive option agreement to purchase an undivided 72% interest in 12 mining claims and a mill site containing 245 acres in Clark County, Nevada. The Company estimates that there may be more than 1 million ounces of gold and almost 70 million ounces of silver in the Nevada property.

For more information about this company please visit http://www.gold-american.com/

 

 

cde_logo_200x72 Coeur d`Alene Mines Corporation (NYSE: CDE) is one of the world’s leading silver companies and also a significant gold producer. Coeur is also a recognized leader in environmental stewardship and worker safety, with nine national and international awards earned over the past year. The Company’s three new long-life mines include the San Bartolomé silver mine in Bolivia which began operations in 2008, the Palmarejo silver/gold mine in Mexico, which began operations in 2009, and the Kensington gold mine in Alaska. The Company also owns underground mines in Argentina and one surface mine in Nevada, and owns a non-operating interest in a low-cost mine in Australia. The Company conducts exploration activities in Alaska, Argentina, Chile and Mexico.

CDE recently reported that production has commenced ahead of schedule at its Kensington Gold Mine in Alaska. The Company anticipates that Kensington will produce 50,000 ounces of gold during the remainder of 2010 and will average approximately 125,000 ounces of gold annually over the mine’s initial 12.5 year life. Once in full production, cash costs are expected to average approximately $490 per ounce over the mine life.

CDE will report its second quarter 2010 results on Monday, August 9, 2010 after the New York Stock Exchange closes trading.

For more information about this company please visit http://www.coeur.com/

 

 

abx_logo Barrick Gold Corporation (NYSE: ABX) vision is to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

ABX recently reported Q2 net income rose 59% to a record $783 million ($0.79 per share). Adjusted Q2 net income rose 76% to $759 million ($0.77 per share) compared to $431 million ($0.49 per share) in Q2 2009. Operating cash flow rose 42% to $1.02 billion from $718 million in the prior year period and exceeded $2 billion in the first half of 2010.

In addition, ABX reported Q2 gold production of 1.94 million ounces at total cash costs of $457 per ounce or net cash costs of $358 per ounce, was ahead of plan on strong performance from the North and South America regions. Barrick remains on track with its original full year production guidance of 7.6-8.0 million ounces at total cash costs of $425-$455 per ounce or net cash costs of $345-$375 per ounce.

For more information about this company please visit http://www.barrick.com/

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Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more). Rule 17B of the Securities Act of 1933 requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings, Inc. (CRWE.OB) has received eight thousand dollars in cash from a third party (Winning Media) for (3) days of advertising for Gold American Mining Corp (SILA.OB)

The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings, Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone.

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Aug 5

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orfg_logo Orofino Gold Corp. (ORFG.PK) is a precious metals acquisition, exploration, and development company that has signed an option agreement to acquire several properties in Colombia , currently a hot spot of gold production.

ORFG has categorized the Senderos de Oro properties as good high priority, high return opportunities. These properties are in areas of known gold reserves, and have current small scale production of Gold. Recent samples returned values as high as 250 grams Gold with high copper values exceeding 10%. Geological trending indicates continuation at depth.

At the Orofino Gold Corp. Senderos de Oro project, government recorded Gold production from the area has been significant with production records between 1987 to present of over 1,300,000 ounces. All production has been Artisanal (small miners) in nature and production continues to this day.

Orofino Gold Corp. competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities. ORFG has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia. The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment. These properties are in areas of known gold reserves, low production costs and multi million ounce potential.

With the frequent occurrence of the very high grade gold vein systems in the central area of ORFG Senderos de Oro project and with several small scale grinding and amalgamation mills in-place ORFG is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.

For more information about this company please visit http://www.orofinogold.com/

hl_logo_200x72 Hecla Mining Co. (NYSE: HL) recently reported net income of $17.1 million in the second quarter of 2010, compared with net income of $2.5 million in the second quarter of 2009. After dividends to holders of its preferred stock, Hecla reported net income applicable to common shareholders of $13.7 million, or 6 cents per basic share, in the second quarter of 2010, compared to a loss of $0.9 million in the second quarter of 2009. Hecla’s mandatory convertible preferred stock will be converted into common stock in January 2011.

Cash flow from operating activities in the second quarter of 2010 was $54.0 million compared with $20.0 million in cash flow from operating activities in the same prior year period. In the second quarter of 2010, the company also received $45.6 million from the exercise of common stock purchase warrants and stock options. During the quarter, capital expenditures were $18.2 million compared to $7.3 million in the same prior year period. The increase is primarily the result of a ramp-up in capital expenditures, particularly with deep development at the Lucky Friday mine.

HL experienced the second highest gross profit and cash flow from operating activities in Hecla’s 119-year history.

For more information about this company please visit http://www.hecla-mining.com

 

 

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AngloGold Ashanti Ltd. (NYSE: AU) recently reported that the Department of Mineral Resources has transferred the mining rights for its Tau Lekoa Mine to Buffelsfontein Gold Mines Limited, a wholly-owned subsidiary of Simmer & Jack Mines Limited (Simmers). Full ownership of Tau Lekoa and the adjacent properties of Weltevreden and Goedgenoeg will pass to Simmers on 1 August 2010.

From 1 August 2010, Simmers will treat all ore produced from Tau Lekoa, Weltevreden or Goedgenoeg at its own processing facilities. As a result AngloGold Ashanti will have increased processing capacity available allowing for the processing of additional material from its other Vaal River mines and surface sources. This is expected to produce an estimated 7,000oz of gold for the remainder of this year. Tau Lekoa produced 124,000oz of gold (equivalent to 2.7% of group production) in 2009.

For more information about this company please visit http://www.anglogold.co.za

 

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PLEASE BE SURE TO VISIT CRWESELECT.NING.COM

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more). Rule 17B of the Securities Act of 1933 requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings, Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.

The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings, Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone.

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