OTC Bulletin Board
S & P Company Insight for CAPITAL GOLD CORP |
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Profile
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| Business Summary: Capital Gold Corporation, through its subsidiaries, engages in the mining, exploration, and development of gold and other mineral properties in Mexico. It owns 100% of the `El Chanate' gold mine located near the town of Caborca in Sonora, Mexico. | | | Address 76 Beaver Street
New York
, NY 10005
Phone: 212-344-2785
Website: http://www.capitalgoldcorp.com
| | Auditor |
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WOLINETZ, LAFAZAN & COMPANY, P.C.
| | Transfer Agent |
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American Stock Transfer & Trust Co.
| Employees: 182 ShareHolders: 2336 | Founded: 1982 Domicile: Delaware | | | |
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Background
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| Capital Gold Corporation, through its subsidiaries, engages in the mining, exploration, and development of gold and other mineral properties in Mexico. It owns 100% of the `El Chanate' gold mine located near the town of Caborca in Sonora, Mexico. Capital Gold also owns and leases mineral concessions near the town of Saric. The company was formerly known as Leadville Mining and Milling Corp. and changed its name to Capital Gold Corporation in March 2003. Capital Gold was founded in 1982 and is headquartered in New York, New York. | | History: INCORPORATED in Delaware; and in November 2005, succeeded a Nevada corporation of the same name (Nevada Predecessor). Nevada Predecessor was incorporated in Nevada in February 1982 as Leadville Mining and Milling Corp.; name changed to Capital Gold Corporation in March 2003. | | | | Subsidiaries: |
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Leadville Mining & Milling Holding Corp. Minera Santa Rita, S.A. de R.L. de C.V. Oro de Altar S. de R. L. de C.V.
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2006 | 810 |
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Management
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Management
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| Officers | Position |
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| Gifford A. Dieterle | Chairman, Treasurer & Chief Executive Officer | | John Brownlie | President & Chief Operating Officer | | Christopher M. Chipman | Secretary, Chief Financial Officer & Chief Accounting Officer | | Richard Feiner | General Counsel | | Kelly Cody | Investor Relations Contact |
| | Directors |
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| John Brownlie | | Stephen M. Cooper | | John W. Cutler | | Gifford A. Dieterle | | Leonard J. Sojka | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 | 2007 |
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| REVENUES |
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| | Sales-gold, Net | 42,757 | 33,104 | - | | EXPENSES |
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| | Costs Applicable to Sales | (13,883) | (10,690) | - | | General and Administrative | (5,464) | (5,586) | (2,893) | | Exploration | (1,600) | (938) | (1,816) | | Depreciation and Amortization | (3,019) | (3,438) | (891) | | Interest Expense | (597) | (1,207) | (792) | | Interest Income | 43 | 77 | 146 | | Loss on Change in Fair Value of Derivatives | (1,975) | (1,356) | (1,226) | | Other Income/expense | (313) | (95) | - | | Earnings before Taxes | 15,949 | 9,871 | (7,472) | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | (5,542) | (3,507) | - | | Net Income (Loss) | 10,407 | 6,364 | (7,472) | | SUPPLEMENTARY INFO |
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| | Operating Income (Loss) | 18,791.00 | 12,452.00 | (5,600.00) | | Basic EPS - Continuing Operations | 0.05 | 0.04 | (0.05) | | Diluted EPS - Continuing Operations | 0.05 | 0.03 | (0.05) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Cash and Cash Equivalents | 6,448 | 10,992 | | Marketable Securities | 35 | 65 | | Accounts Receivables | 2,027 | 1,477 | | Loan Receivable Affiliates | 33 | 39 | | Materials and Supply Inventories | 1,381 | 937 | | Stockpiles and Ore on Leach Pads | 20,024 | 12,176 | | Prepaid Expenses | 277 | 219 | | Other Current Assets | 1,042 | 490 | | Deposits | 26 | 9 | | Total Current Assets | 31,293 | 26,404 | | NON CURRENT ASSETS |
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| | Mining Concessions | 51 | 59 | | Net Property and Equipment | 22,417 | 20,918 | | Deferred Tax Assets | 32 | 573 | | Intangible Assets, Net | 318 | 181 | | Deferred Expenses | 424 | 599 | | Mining Reclamation Bonds | - | 82 | | Security Deposit | 66 | 63 | | Total Assets | 54,601 | 48,879 | | CURRENT LIABILITIES |
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| | Accounts Payable | 988 | 788 | | Accrued Expenses | 1,633 | 2,673 | | Current Portion of Long-term Debt | 3,600 | 4,125 | | Deferred Tax Liability | 4,233 | 2,063 | | Derivative Contracts | 193 | 930 | | Total Current Liabilities | 10,647 | 10,579 | | NON CURRENT LIABILITIES |
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| | Long-term Debt | 4,400 | 8,375 | | Other Liabilities | 78 | 62 | | Reclamation and Remediation Liabilities | 1,594 | 1,666 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 19 | 19 | | Additional Paid in Capital | 64,057 | 63,074 | | Accumulated Deficit | (22,089) | (32,496) | | Accumulated Other Comprehensive Income (Loss) | (1,978) | 760 | | Deferred Financing Costs | (1,808) | (2,611) | | Deferred Compensation | (319) | (549) | | Total Shareholders Equity | 37,882 | 28,197 | | Total Liabilities & Shareholders Equity | 54,601 | 48,879 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 11,730,000 | | 2009 |
1 | 9,200,000 | | 2009 |
2 | 11,400,000 | | 2009 |
3 | 12,400,000 | | 2009 |
4 | 9,820,000 | | 2009 |
Full Year
| 42,760,000 | | 2008 |
1 | 6,500,000 | | 2008 |
2 | 8,000,000 | | 2008 |
3 | 8,700,000 | | 2008 |
4 | 9,800,000 | | 2008 |
Full Year
| 33,100,000 | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
4 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
4 | Nil | | 2005 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 2,940,000 | | 2009 |
3 | 2,550,000 | | 2009 |
4 | 2,720,000 | | 2009 |
Full Year
| 10,400,000 | | 2008 |
Full Year
| 6,400,000 | | 2007 |
Full Year
| (7,500,000) | | 2006 |
Full Year
| (4,800,000) | | 2005 |
Full Year
| (2,000,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | .02 | | 2009 |
1 | .01 | | 2009 |
2 | .02 | | 2009 |
3 | .01 | | 2009 |
4 | .01 | | 2009 |
Full Year
| .05 | | 2008 |
1 | .01 | | 2008 |
2 | .01 | | 2008 |
3 | .01 | | 2008 |
4 | Nil | | 2008 |
Full Year
| .03 | | 2007 |
1 | (.01) | | 2007 |
2 | (.01) | | 2007 |
3 | (.02) | | 2007 |
4 | (.01) | | 2007 |
Full Year
| (.05) | | 2006 |
1 | (.01) | | 2006 |
2 | (.01) | | 2006 |
3 | (.01) | | 2006 |
4 | (.01) | | 2006 |
Full Year
| (.04) | | 2005 |
1 | (.01) | | 2005 |
2 | (.01) | | 2005 |
3 | (.01) | | 2005 |
4 | Nil | | 2005 |
Full Year
| (.03) |
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Stock Data
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| | | Capitalization as of 07/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.0001 par | 300,000,000 | 193,855,555 |
| | | | LONG TERM DEBT: $4,400,000. | | | | Common $0.0001 par | | | |
Stockholders:
10/07/2009,
2336.
| | PRINCIPAL STOCKHOLDERS: September 30, 2009, Sprott Asset Management Inc. owned or controlled 16.0% of the Common, Van Eck Gold Fund 6.3% and Sprott Canadian Equity Fund 5.5%. | | | |
Transfer Agent: American Stock Transfer & Trust Co.
New York
, NY | | | | OTC Bulletin Board( Primary): CGLD | | | | | | Toronto Stock Exchange( Secondary): | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.0000 | 0.0000 | | OTC Bulletin Board | 2008 | 0.7800 | 0.2300 | | OTC Bulletin Board | 2007 | 0.9450 | 0.3500 | | OTC Bulletin Board | 2006 | 0.5000 | 0.2400 | | OTC Bulletin Board | 2005 | 0.4000 | 0.1600 | | OTC Bulletin Board | 2004 | 0.3300 | 0.1900 |
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| | | | DIVIDENDS: Common $0.0001 par: None. | | | | | |
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