12:02 PM EST - Yukon-Nevada Gold Corp. : announced its financial and operational results for the third quarter ended September 30, 2011. The Company recorded net loss of $18.0 million in the third quarter of 2011 compared to a net loss of $103.8 million (under International Financial Reporting Standards) in the third quarter of 2010. The loss was primarily a result of a loss incurred from operations of $11.2 million, $3.7 million in finance and transactions costs, and an $11.4 million loss on derivatives partially offset by a $8.5 million gain in the fair value of warrants which are recorded as derivative liabilities. Yukon-Nevada Gold Corp.
shares T.YNG are trading down $0.02 at $0.35.
