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La Mancha Reports Q1 Net Earnings of $7.9 Million

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La Mancha Resources Inc. (LMA.TO) today announced its financial results for the first quarter of ended March 31, 2012.

Revenues totalled $45.5 million, up 6% from last year, as the company continued to benefit from higher gold prices. Consolidated net earnings totalled $7.9 million for the first quarter compared to $7.5 million for the same quarter of 2011. Cash and short-term investment position during the quarter reached $115.5 million as of March 31, 2012, $55.5 million higher than at March 31, 2011.

LMA is now unchanged at $2.70 with over 1,000 shares changing hands.

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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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