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Energold Posts Record Revenues, Earnings in 2011, Yet Shares Fall 1% at Midday

Energold Drilling Corp. (EGD.V) dips almost 1% to $5.24 but is near day highs even after announcing today its record results in 2011.

The company said revenues were a company record of $133.5 million, up 145% from revenues of $54.6 million in 2010. Net earnings were a record $26.4 million compared to the 2010 net earnings figures of $1.6 million as a result of a very successful year of operations and the net impact of accounting for the Bertram transaction.

Volume traded is over 64,000 EGD shares.

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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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