Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to release the results of an updated resource estimate on its Song Jiagou Mine. As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model. Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic Gold focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province.
Glacier Bancorp, Inc. (Nasdaq:GBCI) reported net earnings of $9.4 million for the third quarter of 2010, an increase of $10.9 million, or 717 percent, from the $1.5 million net loss reported for the third quarter of 2009. The diluted earnings per share of $0.13 for the quarter represented a 533 percent increase from the diluted loss per share of $0.03 for the same quarter of 2009. This quarter's earnings per share includes $0.02 per share from the gain on sale of investments, net of tax.
Glacier Bancorp, Inc., a multi-bank holding company, provides commercial banking products and services in Montana, Idaho, Wyoming, Colorado, Utah, and Washington.
* Total volume of ethanol gallons sold increased 70% to 71.5 million gallons, compared to the third quarter of 2009
* Grew operating income to $1.2 million from a loss of $9.9 million in the third quarter of 2009
* Improved Adjusted EBITDA to $875,000 from $115,000 in the third quarter of 2009
* Completes acquisition of 20% interest in the Pacific Ethanol plants and now holds the single largest ownership interest
Pacific Ethanol, Inc. produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington.
THT Heat Transfer Technology, Inc. (NASDAQ:THTI), reported its unaudited financial results for the third quarter ended September 30, 2010.
Third Quarter 2010 Financial Highlights
* Sales revenue increased by 45.24% year-over-year to US$12.78 million
* Gross profit increased by 34.79% year-over-year to US$5.56 million
* Net income increased by 11.20% year-over-year to US$1.56 million
* Basic and fully diluted net income per share was US$0.10, compared with net income per share of US$0.09 for the third quarter of 2009
THT Heat Transfer Technology Inc., through its subsidiaries, engages in the design, manufacture, and sale of heat exchanger products and solutions in the People's Republic of China.
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