UPDATE: Yukon-Nevada Gold Announces First Quarter Results for 2012; Shares Up Nearly 9% But Nearing Year Lows

By MT Newswires,  May 16, 2012, 10:12:24 AM EDT

Yukon-Nevada Gold Corp. (YNG.TO) today announced its financial and operational results for the first quarter ended March 31, 2012.

The company recorded a loss of $7.8 million in the first quarter of 2012 compared to net income of $28.9 million in the first quarter of 2011. During the quarter Jerritt Canyon shipped 13,163 ounces of gold from stockpiles and mining operations, compared with 13,180 ounces of gold shipped in the first quarter of 2011.

YNG gained about 9% and reached $0.255. It has touched 25 cents earlier, which is just 2 cents above year lows. Over 41,000 YNG shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...
How to Invest When Interest Rates Rise
How to Invest When Interest Rates R...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%