Die aktuellen Finanzergebnisse per 03/2011 und die aktuelle
Liquiditäts- und Kapitalsituation per 05/2011
(Quelle:
http://www.silverbearresources.com/s/NewsReleases.asp)
Financial Results
Silver Bear incurred a net loss for the period ended March 31, 2011
of $0.8 million, or $0.02 per share. This compares to a loss of
$1.1 million or $0.03 per share for the period ended March 31,
2010. Exploration costs were $0.3 million in the period ended March
31, 2011 compared with $0.6 million in the period ended March 31,
2010. General and administrative expenses for the period ended
March 31, 2011 were $0.3 million compared with $0.4 million in the
prior period. Non-cash items for the period ended March 31, 2011
were $0.3 million compared with $0.2 million in the period ended
March 31, 2010. Interest income for the period ended March 31, 2011
was $nil compared with $nil in the prior period.
Liquidity and Capital Resources
At March 31, 2011, Silver Bear had cash and cash equivalents of
$10.7 million.
The Company has no debt outstanding. Silver
Bear has sufficient cash and cash equivalents to meet its near term
objectives.
Silver Bear has budgeted for 5,000 cubic metres of
trenching and 15,000 metres of drilling in 2011 at a cost of $10.0
million with an additional $1.6 million of corporate costs.
Including the proceeds from the May 11, 2011 private placement,
cash and cash equivalents as of May 31, 2011 were $15.1
million.