12:01 PM EST - Yukon-Nevada Gold Corp. : announced its financial and operational results for the first quarter ended March 31, 2011. The Company recorded a profit of $28.9 million compared to a loss of $41.9 million in the first quarter of 2010. The profit recorded was a result of a $51.0 million gain in the fair value of warrants recorded as derivative liabilities. The operating margin was a loss of $13.9 million in 2011 against a loss of $3.3 million in the three months ended March 31, 2010. Yukon-Nevada Gold Corp.
shares T.YNG are trading up $0.095 at $0.52.
