Capital Gold Corp. (CGLD.OB) Sees Net Income Before Tax Increase 64%
Today, Capital Gold announced that it has recognized a 64% increase in net income before taxes for the first fiscal quarter ending October 31, 2008 compared to the same quarter of last year. Net income before taxes increased from $1,747,000 to approximately $2,863,000, while net income after taxes was reported at $1,936,000 compared to last year’s $1,747,000. To continue expanding production, the company has placed an order for an additional secondary crusher. John Brownlie, the COO of Capital Gold, stated, “The success of all of the upgrades we completed in 2008, including leach pad expansion, additional solution pumps and a…