03:34 PM EST - Gammon Gold Inc. : reported operating results for the first quarter of 2011. All amounts are in U.S. dollars unless otherwise indicated. The company reports record operating cash flow of approximately $50 million at Ocampo. The company reported record net free cash flow of approximately $24 million at Ocampo, the third consecutive quarter of positive net free cash flow. The company also reported a cash position of $119 million as of March 31, 2011. Gold equivalent production of 49,853 gold equivalent ounces at cash costs of $383 per gold equivalent ounce, for a record margin of $1,002 (72%) at the gold equivalency. Gammon Gold Inc.
shares T.GAM are trading down $0.15 at $9.88.
