Atna Resources Reports Third Quarter Earnings of $2.5 Million

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GOLDEN, Colo., Nov. 14, 2011 /CNW/ -- Atna Resources Ltd. ("Atna" or the "Company") (TSX:ATN / OTCBB:ATNAF) today reported unaudited interim financial results for the Company's third quarter ended September 30, 2011. Unless otherwise designated, all amounts are in U.S. dollars. Additional details may be found in the third quarter MD&A and Financials filed on SEDAR and EDGAR or it may be found on the Company's website at www.atna.com.

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    Highlights for Third Quarter 2011:

    --  Atna generated earnings of $2.5 million or $.02 per share in the third
        quarter of 2011.
    --  The Briggs mine sold 9,695 ounces of gold for the quarter, a 26%
        increase over 2nd quarter results, to produce $16.6 million in gross
        revenue, a 41% increase over prior quarter revenue.
    --  The Briggs mine produced $7.7 million in positive operating cash flow
        and $5.1 million of net income.
    --  In September 2011, the Company closed its transaction with Pinson
        Mining Company ("PMC"), a subsidiary of Barrick Gold Corporation, to
        acquire PMC's 70% interest in the Pinson Mine, giving Atna 100 percent
        control. The acquisition gives Atna control of a high grade gold
        resource on the prolific Getchell gold belt of northern Nevada.
    --  In September 2011, the Company closed a $20 million Credit Agreement
        with Sprott Resource Lending Partnership ("Sprott") to finance the
        Pinson acquisition.
    --  The Company is currently hiring personnel to staff the Pinson Mine
        project.
    --  A 68 hole, 31,800 foot (9,700 meter) reverse circulation drilling
        program has been completed at Briggs with success in encountering
        increased gold resources and grades in the existing mine area.
    --  A 15 hole, 8,880 foot (2,707 meters) reverse circulation drilling
        program was completed at the Reward Project, with successful results,
        justifying additional drilling.


    Additional Highlights for Nine Months Ended September 30, 2011:

    --  Atna generated earnings of $3.5 million or $0.03 per share for the
nine
        months ended September 30, 2011.
    --  Briggs produced $13.9 million in positive operating cash flow and $9.5
        million of net income.


    Third Quarter Financial Results:

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For the three months ended September 30, 2011, Atna recorded net income of $2.5 million, or basic income per share of $0.02, on revenues of $16.6 million. This compares to a net loss of $1.9 million, or a basic loss per share of $0.02, on revenues of $7.5 million for the three months ended September 30, 2010. Cash balance at the end of the period was $10.6 million. Please see the following summarized table of financial balances and results.

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    Conference Call:

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Management will host a conference call on Thursday, November 17, 2011, at 1:00 p.m. Eastern time, to discuss these results and general corporate and project activities. Participants in the U.S. and Canada dial (877) 559-1977; International callers dial (660) 422-4979. Please reference conference ID #28093328.

A replay of the third quarter call will be available through 5:00 p.m. Eastern on, November 21st, 2011, by dialing (800) 642-1687 or (706) 645-9291. Please reference conference ID # 28093328.

For additional information on Atna, its mining, development and exploration projects, please visit our website at www.atna.com.

This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical fact. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include: the Company might encounter problems such as the significant depreciation of metals prices; accidents and other risks associated with mining; the risk that the Company will encounter unanticipated geological factors; the Company's need for and ability to obtain additional financing; the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration and development programs; and the other risk factors discussed in greater detail in the Company's various filings on SEDAR (www.sedar.com) with Canadian securities regulators and its filings with the U.S. Securities and Exchange Commission, including the Company's 2010 Form 20-F dated March 23, 2011.

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    FOR FURTHER INFORMATION, CONTACT:



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James Hesketh, President and CEO - (303) 278-8464Valerie Kimball, Investor Relations - toll free (877) 692-8182www.atna.com

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                                   ATNA RESOURCES LTD. AND SUBSIDIARIES
                              SUMMARIZED CONSOLIDATED FINANCIAL INFORMATION
                                    (US dollars, Canadian GAAP basis)
                                               (Unaudited)
                                                            September 30,  
December 31,
    BALANCE SHEETS                                                   2011     
2010
    --------------                                                   ----     
----
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    ASSETS
    Current assets                                            $24,613,900   
$22,433,600
    Non-current assets                                         94,805,600    
60,772,500
                                                               ----------    
----------
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    Total assets                                             $119,419,500   
$83,206,100
                                                             ============   
===========
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    LIABILITIES AND
     SHAREHOLDERS' EQUITY
    Current liabilities                                        29,310,300    
10,698,800
    Notes payable - long term                                   1,788,800     
2,406,600
    Gold bonds, net of
     discount                                                   4,335,900     
6,781,000
    Other non-current
     liabilities                                                8,824,400     
6,183,100
    Shareholders' equity                                       75,160,100    
57,136,600
                                                               ----------    
----------
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    Total liabilities and
     shareholders' equity                                    $119,419,500   
$83,206,100
                                                             ============   
===========
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                                                Three Months Ended            
Nine Months Ended
                                                  September 30,               
September 30,
                                                  -------------               
-------------
    STATEMENTS OF OPERATIONS                     2011                2010     
2011              2010
    ------------------------
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    Revenues                              $16,597,400          $7,484,300   
$37,560,500       $20,226,000
    Cost of sales (excluding
     depreciation and
     amortization
      for operations)                       8,962,900           5,608,100    
22,159,100        15,248,100
    Depreciation (processed
     through cost of goods
     sold)                                  2,364,200           1,434,500     
5,447,000         3,786,900
    Depreciation (G&A only)                    32,600              31,500     
97,800            87,600
    General and
     administrative                           893,100             744,200     
2,954,000         2,607,400
    Exploration                               224,300             339,900     
515,200           913,800
    Other expense, net                      1,648,900           1,240,700     
2,919,000         3,837,800
                                            ---------           ---------     
---------         ---------
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    Net income (loss)                       2,471,400          (1,914,600)    
3,468,400        (6,255,600)
                                            =========          ==========     
=========        ==========
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    Comprehensive gain (loss)               1,168,300              15,300     
1,155,300          (225,700)
                                            =========              ======     
=========          ========
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    Basic and diluted income
     (loss) per share                           $0.02              $(0.02)    
$0.03            $(0.08)
                                                =====              ======     
=====            ======
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    Basic weighted-average
     shares outstanding                   106,240,860          83,332,045   
102,262,292        83,316,217
                                          ===========          ==========   
===========        ==========
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    STATEMENTS OF CASH FLOWS
    ------------------------
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    Cash and cash
     equivalents, beginning
     of the period                         $4,555,000          $5,460,600    
$9,593,200       $13,060,300
    Net cash provided by
     (used in) operating
     activities                             5,891,500          (1,943,600)    
8,511,500        (5,714,300)
    Net cash used in
     investing activities                 (18,753,000)           (504,000)  
(22,947,800)       (1,628,200)
    Net cash provided by
     (used in) financing
     activities                            18,912,600          (1,379,300)   
15,450,900        (4,090,800)
    Effect of exchange rate
     changes on cash                          (18,900)              1,100     
(20,600)            7,800
                                              -------               -----     
-------             -----
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    Cash and cash
     equivalents, end of the
     period                               $10,587,200          $1,634,800   
$10,587,200        $1,634,800
                                          ===========          ==========   
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For further information: Web Site: http://www.atna.com

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Atna Resources Ltd.

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