Callinan Mines (CVE:CAA,OTC:CCNMF) reports its financial performance for the six month period ending December 31, 2010.
The press release is quoted as saying:
Increases in revenue and operating income are a reflection of increased royalty payments derived from the company’s royalty assets. Expenditures during the period advanced the exploration of the company’s mineral assets at the Gossan Hill and Herblet Lake, projects in Northern Manitoba, and at the Coles Creek property in Northern BC. Callinan Mines is currently refining a plan to organize its exploration assets into a separate company, to be distributed to Callinan shareholders, and to focus its efforts on the development of its royalty portfolio.