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Friday, 20th August 2004 (4324 views)

Goldmarca has released its financial results for the fourth quarter and fiscal year today.<BR/><BR/>The mining company, which deals in adding value to gold and base metal projects, revealed that the "upsurge in gold prices" helped boost results during the period.<BR/><BR/>Robin Slaughter, president and chief executive officer, commented: "Fiscal 2004 was a building year for Goldmarca. <BR/><BR/>"As a result, we are positioned to take full advantage of the opportunities that this strength presents through the development of our resource assets in South America, Australia and South Africa." <BR/><BR/>During the period the company saw progression with its South American properties and moved closer to an exploration of a Brazilian site with a joint partner.<BR/><BR/>Among the results reported were raised net proceeds of $5.2 million in private placement financings and $677,000 through warrants and options.<BR/><BR/>Additional information revealed that the company has strengthened its management teams, expanded gold agreements and finalised reports for new mining opportunities.<br/><img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3261350"/>

 

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