Cerro Grande Mining Corp Edges Up on Results

Cerro Grande Mining Corporation (CEG.TO) (formerly South American Gold and Copper Company Limited) reported today its unaudited results for the three months ended June 30, 2011.

Revenues from gold, copper and silver sales for the three months period ended June 30, 2011 were US$7,695,000 compared to US$2,714,000 for the three months period ended June 30, 2010. Net earnings were a positive US$1,057,000 for the three months period ended June 30, 2011 compared to a loss of (US$2,803,000) for the three months period ended June 30, 2010.

Gold ounces sold were 4,305 ounces or $6,640,000 and copper and silver sales were $1,055,000 in the three month period ended June 30, 2011 compared to gold ounces sold of 2,047 ounces or $2,514,000 and copper and silver sales were $200,000 in the comparable quarter of 2010.

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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.

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