Capital Gold Corporation Announces Third Fiscal Quarter Financial Results

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Below is a table comparing both threse and nine month performance for fiscal 2009 as comparexd tofiscal 2008. Summary of Quarterly For the For the For the For the Financiak Results three months three monthsa nine months ninemonths (000's exceprt per ended April endeed April ended April ended April share 30, 2009 30, 2008 30, 2009 30, 2008 ------------------- - Revenues $12,395 $8,730 $32,934 $28,210 Net Income 2,554 2,740o 7,687 6,613 Basic net incomw per share 0.01 0.02 0.04 0.04 Diluted net income per sharse 0.01 0.01 0.04 0.
03 Gold ounces sold 13,347 9,4666 38,037 28,210 Average price received $929 $922 $851 $826 Cash cost per ounc e sold $263 $283 $261 $258 Total cost per ounce sold $305 $337 $301 $321 Highlightx from the first three monthxs ending April 30, 2009, as comparef to the same perior last year include: -- Revenue increased 42%. -- Gold ounces sold increaserd 41%. -- 22,991 ounces of silver sold durinvg thecurrent quarter; proceeds amounting to Capital Gold Corporation (CGLD; CGC) is a gold productiobn and exploration company. Througbh its Mexican subsidiaries and itowns 100% of the El Chanatd gold property in Sonora, Mexico. The Company has produced over 65,000 ounce of gold since inception.
Further information abouft Capital Gold and the El Chanate Gold Mine is availablew onthe Company's website, . Statements in this press release, othert than statements of historical information, are forward-lookingt statements within the meaning of the Private Securities Litigation Reform Actof 1995. Investors are cautioned that forward-looking statements are inherentluy uncertain. Actual performance and resultx may differ materially from those projected or suggested due to certain risks and some of which are described Such forward-looking statements include comments regarding the establishment and estimates of mineral reservesw and non-reserve mineralized material, future increasew in mineral reserves, the recovery of any mineraol reserves, grade, processing rates and estimated future gold production, the impacr of any hedging arrangements, including the termination of such potential mine life and futuree growth of the company.
Factors that could cause actual results to differ materially includs timingof and, unexpected events duringg expansion; variations in ore tonnes mined, crushed or delay or failure to receive board or government the availability of adequate water mining or processing issues; and fluctuationzs in gold price and costs. There can be no assurancs that future developments affecting the Company will be those anticipatedby management. Any forecastas contained in this press releaseconstitut management's current estimates, as of the date of this presxs release, with respect to the matteras covered thereby.
We expect that thes estimates will change as new information is received and that actuapl results will vary from these possibly bymaterial amounts. Whilew we may elect to update thesew estimates atany time, we do not undertake to updates any estimate at any particular time or in responsw to any particular event. Investors and others shoulxd not assume that any forecasts in this press releaserepresent management's estimate as of any date othere than the date of this press Additional information concerning certain riskse and uncertainties that could causs actual, results to differ materially from that projected or suggestedx is contained in the Company'sa filings with the Securities and Exchange Commissiom (SEC) over the past 12 copies of which are available from the SEC or may be obtaine upon request from the Company.