Belvedere is pleased to report financial and operating results for the year ending December 31, 2011. David Pym (CEO) comments "Operations during 2011, have resulted in another positive year for Belvedere with the company generating a net income of 2.59 million euros. The overall cash position of the company has increased despite a 3.5 million euro investment in gold and nickel exploration, with over 20,000 metres of
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