Capital Gold Corp. (CGLD.OB) Reports 29% Increase in Revenues and 64% Increase in Net Income for Fiscal Year 2009
Capital Gold Corp. reported a 64% increase in net income and a 29% increase in revenues for the fiscal year ended July 31, 2009, as compared to the previous year. Royalties represented approximately $41 and $52 of both cash and total costs per ounce sold for the years ended July 31, 2009 and 2008, respectively. "Cash costs per ounce sold" is a non-GAAP measure which includes all direct mining costs, refining and transportation costs, by-product credits and royalties. "Total cost per ounce sold" is a non-GAAP measure which includes "cash costs per ounce sold" as well as depreciation and amortization.…