GlobeStar Reports Second Quarter 2010 Results

GlobeStar Mining Corporation (TSX:GMI) announced key highlights of its financial and operational results for the three months and six months ended June 30, 2010.

The press release is quoted as saying:

Gross revenues for the second quarter of 2010 were approximately $24.1 million, operating earnings were $10.2 million, EBITDA(1) was $11.7 million and cash flows from operating activities were $3.0 million. GlobeStar held cash and restricted cash and cash equivalents of approximately $18.6 million and marketable securities of $0.3 million as at June 30, 2010.

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