Friday, 20th August 2004 (3159 views)

Goldmarca has released its financial results for the fourth quarter and fiscal year today.

The mining company, which deals in adding value to gold and base metal projects, revealed that the "upsurge in gold prices" helped boost results during the period.

Robin Slaughter, president and chief executive officer, commented: "Fiscal 2004 was a building year for Goldmarca.

"As a result, we are positioned to take full advantage of the opportunities that this strength presents through the development of our resource assets in South America, Australia and South Africa."

During the period the company saw progression with its South American properties and moved closer to an exploration of a Brazilian site with a joint partner.

Among the results reported were raised net proceeds of $5.2 million in private placement financings and $677,000 through warrants and options.

Additional information revealed that the company has strengthened its management teams, expanded gold agreements and finalised reports for new mining opportunities.

 

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