09:40 AM EST - Grande Cache Coal Corp. : reported fourth-quarter net income and comprehensive income of $19 million or $0.20 per share, compared to net loss and comprehensive loss of $1.19 million or $0.02 per share last year. Revenue declined to $38.7 million from $39.94 million in the prior year. The company said it anticipates sales volumes of 1.2 to 1.4 million tonnes in fiscal 2010, a significant amount of which has already been contracted. The average sales price for fiscal 2010 is expected to be in the range of $115 U.S. to $125 U.S. per tonne, which includes carryover shipments from the prior coal year, spot sales and contract sales negotiated for the new coal year that commenced on April 1, 2009. Grande Cache Coal Corp.
shares T.GCE are trading down $0.03 at $1.97.
