Gammon Gold, Inc. (NYSE:GRS)
About Gammon Gold, Inc. (NYSE:GRS) Gammon Gold Inc. (Gammon) is a mining company which is also engaged in the exploration for, and development of, gold and silver deposits in Mexico. Through its subsidiaries, the Company owns and operates the Ocampo goldsilver mine in Chihuahua State, Mexico, and the El Cubo goldsilver mine in Guanajuato State, Mexico, both of which are producing gold and silver.
Financials The pie chart reveals the graphical presentation of quarterly revenue of Gammon Gold over the one year period. After looking at chart it is apparent that revenue has decreased in the last quarter ended as on September 30, 2010. The Gammon Gold revenue showed mix trend throughout the year. It started with lower revenue and again closed at lower revenue in quarter ending as on September 30, 2010. Largest revenue for Gammon Gold was in the last quarter that was lower by 2.34 percent as contrasted to second quarter. The revenue in June 30, 2010 was $57.04 million where as it was $54.69 million in first quarter as on March 31, 2010.
The Gammon Gold engendered net income of $7.52 million in current quarter which is significantly higher than last quarter’s closing net loss of $180.29 million. Moreover, net income has increased which led to increase in EPS for the current quarter. The company’s cash flow from operations (CFO) has increased up to $61.94 million from last quarter’s ending cash flow of $30.71 million. This shows that the company is producing more cash than its expenses through its core business units which is a good sign for the investors. Total assets of company mount up to $788.37 million as of September 30, 2010 and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer liquidity problems and more funds would be available to invest in future profitable opportunities.
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