Talon Metals Corp. Reports Results For The Year Ended December 31, 2010
![Talon Metals Corp. Reports Results For The Year Ended December 31, 2010](https://www.minenportal.de/media/goldseiten-news.jpg)
For the three month period ended December 31, 2010, Talon reported net income of $1.4 million or $0.02 per share - basic and diluted. (2009: net loss of $0.5 million or $0.02 per share - basic and diluted). This net income was mainly due to the gain of approximately $2.9 million on the sale of the Botswana CBM Project and associated equipment.
Capitalized exploration for the year amounted to $2,805,130 (total to date is $9,810,914) and related to the Sergipe Potash Project, the Trairão Iron Project and Rio Verde's phosphate projects. This compares to $1,272,277 in the year ended December 31, 2009, which mainly related to the Sergipe Potash Project.
Consolidated Audited Financial Statements for the years ended December 31, 2010 and 2009, together with Management's Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.
About Talon
Talon is a TSX-listed company focused on the acquisition, exploration and development of iron ore and other mineral resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.
For further information:
For additional information on Talon please visit the Company's website at www.talonmetals.com or contact:
Erica Belling
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243
Email: ebelling@taucapital.com