Last C$0.06 CAD
Change Today -0.015 / -20.00%
Volume 42.5K
As of 3:23 PM 09/11/13 All times are local (Market data is delayed by at least 15 minutes).

cerro grande mining corp (CEG) Snapshot

Open
C$0.06
Previous Close
C$0.08
Day High
C$0.06
Day Low
C$0.06
52 Week High
05/3/13 - C$0.35
52 Week Low
03/5/13 - C$0.02
Market Cap
6.1M
Average Volume 10 Days
8.7K
EPS TTM
C$-0.05
Shares Outstanding
101.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
CEG:CN Advanced Stock Chart

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cerro grande mining corp (CEG) Key Developments

Cerro Grande Mining Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2013; Reports Impairment Charges for the Third Quarter of 2013

Cerro Grande Mining Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2013. For the quarter, the company reported sales of $2,423,000 against $7,254,000 a year ago, decreased over the same period in 2012 due to a decrease in gold sales to 1,590 oz compared to 3,997 oz in the three month period ended June 30, 2012. Total revenue was $2,423,000 against $8,199,000 a year ago. Loss and comprehensive loss before taxes was $4,382,000 against $2,328,000 a year ago. Loss and comprehensive loss for the period was $4,148,000 or $0.05 per basic and diluted share against $2,328,000 or $0.03 per basic and diluted share a year ago. Revenue for the three month period ended June 30, 2013 decreased over the same period in 2012 due to a decrease in gold sales to 1,590 oz compared to 3,997 oz in the three month period ended June 30, 2012. This, in combination with a drop in the gold price to an average closing price on the LME of $1,414 for the quarter ended June 30, 2013 compared to $1,611 for the same period in 2012. During the period, the company had negative cash flow of $1,427 after an impairment charge of $2,140, compared to negative cash flow of $1,688 after exploration expenses of $2,008 a year ago. For the nine months, the company reported sales revenue of $15,079,000 against $17,874,000 a year ago. Total revenue was $15,180,000 against $19,770,000 a year ago. Loss and comprehensive loss before taxes was $5,454,000 against $3,236,000 a year ago. Loss and comprehensive loss for the period was $5,342,000 or $0.06 per basic and diluted share against $3,280,000 or $0.04 per basic and diluted share a year ago. Revenue for the nine month period ended June 30, 2013 decreased compared to the same period 2012 due to lower gold sales of 8,300 oz compared to 9,617 oz in the nine month period ended June 30, 2012. This combined with a drop in the gold price to an average closing price of gold on the LME of $1,588 for the nine ended June 30, 2013, compared to $1,662 for the same period a year ago. During the period, the Company had a negative cash flow of $1,345 after exploration expenses of $1,105 and impairment charges of $2,140, compared to negative cash flow of $1,568 after exploration expenses of $3,021 a year ago. The company announced impairment charges in mining properties, plant and equipment of $2,140 for the third quarter of 2013.

Cerro Grande Mining Corporation Announces Adoption of Shareholder Rights Plan and Enhanced Quorum By-Law 1B Amendment

Cerro Grande Mining Corporation announced that the board of directors of the Corporation has adopted a shareholder protection rights plan and an Enhanced Quorum By-Law 1B Amendment effective May 9, 2013. The objective of the rights plan and Enhanced Quorum By-Law 1B Amendment is to ensure, to the extent possible, that all shareholders of the Corporation are treated equally and fairly in connection with any initiative to acquire control of the Corporation.

Cerro Grande Mining Corporation Reports Interim Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2013

Cerro Grande Mining Corporation reported interim unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported loss and comprehensive loss before income taxes was $1,201,000 compared with $951,000 for the same period last year. Loss and comprehensive loss for the period was $1,082,000 or $0.01 basic and diluted per share compared with $995,000 or $0.01 basic and diluted per share for the same period last year. Revenue for the three month period ended March 31, 2013 increased over the same period 2012 due to increased gold sales of 3,373 oz compared to 2,763 oz in the three month period ended March 31, 2012. For the six months, the company reported loss and comprehensive loss before income taxes was $1,072,000 compared with $909,000 for the same period last year. Loss and comprehensive loss for the period was $1,194,000 or $0.01 basic and diluted per share compared with $953,000 or $0.01 basic and diluted per share for the same period last year.


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Constellation Energy Group Stock

Constellation Energy Group, Inc. operates as an energy company in the United States and Canada. The company develops, owns, operates, and maintains fossil and renewable generating facilities. As of December 31, 2010, it holds interests in qualifying facilities and power projects totaling to 9,030 megawatt (MW), as well as manages approximately 1,100 MW associated with long-dated tolling agreements. The company also provides operation and maintenance services, including testing and start-up to the owners of electric generating facilities. In addition, it offers electricity, natural gas, and other energy products and services to wholesale and retail electric and natural gas customers. The company supplies approximately 119 million megawatt hours (MWH) of aggregate electricity to distribution utilities, municipalities, residential, commercial, industrial, and governmental customers; approximately 334 million British Thermal Units of natural gas to residential, commercial, industrial, and governmental customers; and approximately 7.8 million tons of coal primarily to its own fleet. Further, it manages generation facilities and natural gas properties; provides risk management services; trades energy and energy-related commodities; manages upstream natural gas activities; designs, constructs, and operates renewable energy, heating, cooling, and cogeneration facilities; provides home improvements; and engages in the sale of electric and gas appliances, and servicing of heating, air conditioning, plumbing, electrical, and indoor air quality systems. Additionally, the company purchases, transmits, distributes, and sells electricity, as well as purchases, transports, and sells natural gas in central Maryland. It maintains approximately 240 substations and approximately 1,300 circuit miles of transmission lines, and approximately 24,800 circuit miles of distribution lines. The company was founded in 1906 and is based in Baltimore, Maryland.
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