This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Gammon Gold loses $7.02-million (U.S.) in Q3 2009 2009-11-12 10:14 ET - News Release Mr. Scott Perry reports GAMMON GOLD REPORTS THIRD QUARTER FINANCIAL RESULTS AND THE EIGHTH CONSECUTIVE QUARTER OF POSITIVE OPERATING CASH FLOW Gammon Gold Inc. has released its unaudited financial results for the three and nine months ended Sept. 30, 2009. All figures reported are in U.S. dollars unless otherwise indicated. Subsequent key highlights
The company has reported its eighth consecutive quarter of positive
operating cash flow. During the third quarter the company has generated
$13.9-million in operating cash flow primarily as a result of the
continuing operational enhancements achieved throughout the company's
operations.
Adjusted earnings of five cents per share prior to foreign exchange losses
and severance costs and stock-based compensation associated with
changes to executive management.
During the quarter, the company produced 31,537 gold ounces and
1,265,645 silver ounces, or 51,047 gold equivalent ounces at a
gold-to-silver ratio of 64:1. Assuming the company's long-term
gold-to-silver ratio of 55:1, the company produced 54,549 gold
equivalent ounces.
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