Atna Resources Ltd. (ATN.TO) generated net income of $2.3 million, $0.02 per basic share, in the fourth quarter 2012 net of an income tax benefit; Net cash provided by operating activities was $5.0 million. Cash provided by operating activities before working capital adjustments was $3.6 million. As of quarter-end, cash and cash equivalents were $19.3 million; Gold sales from Briggs and Pinson totaled 10,003 ounces, 19% higher than Q4 2011. Briggs sold 9,600 ounces in Q4 2012 and 8,400 ounces in Q4 2011; Briggs produced $7.2 million in operating cash flow and $3.8 million of income before tax and intercompany allocations in Q4 2012. Pinson remains in development.
Atna is a gold production and development company with a focus in the western US. Atna is producing gold at its Briggs mine located in Inyo County, California and is currently in early production stage at the Pinson underground gold mine near Winnemucca, Nevada. Infrastructure development has been substantially completed at the permitted Reward gold mine near Beatty, Nevada and early feasibility study work is being conducted at the Pinson open pit project and at the Columbia gold project located near Lincoln, Montana.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
