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Roca Mines Inc.

Published : July 29th, 2011

Reports Third Quarter Results

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Keywords :   Molybdenum |


ROCA Reports Third Quarter Results

 

Vancouver, British Columbia: Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") has released its financial results for the three and nine months ended May 31, 2011. All dollar amounts are stated in Canadian dollars unless otherwise indicated. The information in this news release and the selected financial information should be read in conjunction with the interim consolidated financial statements, and management discussion and analysis, for the period ended May 31, 2011, which will be available at Roca's website at www.rocamines.com.

During the nine months ended May 31, 2011, the Company recorded production revenues of $853,628 (2010 - $13,410,199) and a net loss of $3,269,580 (2010 - $1,884,872). In the current year, the MAX molybdenum mine and mill operated for only a small portion of the operating period (16 days) and incurred temporary shutdown and rehabilitation costs of $2,182,542 (2010 - Nil). The Max Molybdenum Mine has had a sustained shutdown due to instability that occurred in September of 2010. During the nine months ended May 31, 2011, crews conducted significant rehabilitation work at MAX along with geotechnical investigations to assess conditions and plan new mining activities.

Summary Consolidated Statements of Operations and Loss

 

Three months ended
May 31, 2011

Nine months ended
May 31, 2011

Total Revenues

-

853,628

Cost of sales

-

(1,149,057)

Depletion, amortization, accretion

(9,307)

(127,028)

Mining Loss

(9,307)

(422,457)

Temporary shutdown and rehabilitation costs

(736,954)

(2,182,542)

General & Administrative

246,035

841,881

Loss from Operations

(992,296)

(3,446,880)

Exchange gain (loss) and other income (loss)

(4,688)

177,300

Net Loss for the Year

(996,984)

(3,269,580)

Loss per Share -- Basic and Diluted

(0.01)

(0.03)

 

ROCA MINES INC.
"David Skerlec"
__________________________________________
David J. Skerlec - Chief Financial Officer



 

Roca Mines Inc.

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CODE : ROK.V
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Roca Mines is a gold and molybdenum exploration company based in Canada.

Roca Mines holds various exploration projects in Canada.

Its main asset in development is MAX in Canada and its main exploration properties are FOREMORE and SEAGOLD in Canada.

Roca Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 37.6 millions as of today (US$ 27.5 millions, € 25.8 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 3.98, and its lowest recent point on August 24, 2012 at CA$ 0.02.

Roca Mines has 123 250 000 shares outstanding.

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Annual reports of Roca Mines Inc.
Reports Annual Results
2008 Annual report
Reports Annual Results
Financings of Roca Mines Inc.
5/10/2011Closes $2.5 million Financing
8/8/2007Closes Bought Deal Financing
Option Grants of Roca Mines Inc.
1/28/2010Amends Incentive Stock Options
8/21/2008Incentive Stock Options Granted
11/16/2007Incentive Stock Options Granted
Nominations of Roca Mines Inc.
9/7/2012Director and Officer Resignations
Financials of Roca Mines Inc.
7/29/2011Reports Third Quarter Results
5/2/2011Reports Second Quarter Results
7/30/2010Reports Third Quarter Results
4/30/2010Reports Second Quarter Results
1/29/2010Reports First Quarter Results
7/30/2009Reports Third Quarter Results
Project news of Roca Mines Inc.
10/3/2011(Max)MAX Molybdenum Production to be Suspended
7/28/2011(Max)MAX Molybdenum Mill Restarts
7/11/2011(Max)- MAX Molybdenum Mine Schedule Update
4/29/2010(Max)MAX Molybdenum Mine Receives 1,000 tonnes/day Permit
4/14/2010Drilling Results At Nuevo / Once Bocas Target
4/2/2010(Max)Max Wins 2009 Bc Mining And Sustainability Award
11/27/2009(Max)Targets Increased Production and New Exploration at MAX
1/9/2009(Max)MAX Mine Restarts Ahead of Schedule
12/11/2008(Max)MAX Mine Rockfall Extends Maintenance Break
12/4/2008(Max)MAX Mill & Concentrator Christmas Shutdown
11/19/2008(Max)MAX Molybdenum Mine Production Review and Outlook
8/13/2008(Max)Drilling Intersects New Molybdenum Zone at MAX and Drilling ...
7/30/2008(Max)Drilling Intersects Significant Tungsten Mineralization Abov...
6/13/2008(Max)MAX Property Exploration Update
6/12/2008(Max)MAX Molybdenum Mine Production Update
4/17/2008(Max)MAX Molybdenum Mine Achieves Commercial Production
2/8/2008 MAX Molybdenum Drilling - Initial Results Confirm Deep Pote...
11/14/2007(Max)MAX Exploration Drilling Update
10/30/2007(Max) Production Commences at MAX Molybdenum Mine
9/11/2007(Max)MAX Molybdenum Mine Update
9/4/2007(Max)MAX Molybdenum Mine Construction Update
7/19/2007(Max)Molybdenum Exploration Drill Program Commences
7/11/2007(Max)MAX Molybdenum Mine Development Update
4/26/2007(Max)Molybdenum Mine Development Update
Corporate news of Roca Mines Inc.
11/6/2013Announces Delisting from TSX Venture Exchange
11/6/2013(Max)Discovery Ventures And Roca Mines Announce Entry Into Agreem...
10/10/2012Announces Trading Suspension
7/13/2012Announces Strategic Review
12/29/2011Reports Year End Results
8/3/2011(Max)MAX Molybdenum Mine Production Resumes
6/29/2011(Max)MAX Molybdenum Mine Production Schedule
4/28/2011(Max)MAX Molybdenum Mine Production Financing
7/23/2010 Termination of Nuevo Milenio Option
3/23/2010 Director Resignation
3/1/2010Positive initial drill results at Nuevo Milenio
9/11/2009Plans New Drilling Program at Nuevo Milenio Gold/Silver Proj...
7/27/2009Options Precious Metals Project in Mexico
2/16/2009Closes $2.435 Million Financing
1/27/2009Closes First Tranche of Financing
1/31/2009Team Presented with E.A. Scholz Award
1/17/2009Increases Financing
1/16/2009to Complete Working Capital Financing
7/8/2008Exploration Drilling Update
5/28/2008Notice of Intention to Make Normal Course Issuer Bid
12/11/2007Molybdenite Concentrate Shipments Commence
8/20/2007CLOSES OVER-ALLOTMENT OPTION
3/7/2007Closes $10 million Financing
2/28/2007Arranges MAX Molybdenum Project Expansion Financing
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TSX-V (ROK.V)Other OTC (ROCAF)
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