Orofino Gold Corp. (ORFG)
Orofino Gold Corp is a Colombia based gold producer that focuses on discovery, acquisition, and expansion of mineral-rich resource deposits primarily in the Americas. Orofino Gold Corp was founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Orofino Gold Corp’s strategy is to become a recognized player in the Colombia mining sector began with the acquisition of the La Azul/La Estrella property in the Senderos de Oro region of Colombia, a Northern extension of South America’s highly mineralized Andes Mountain Range. Development of this property has included acquisition of concessions for the surrounding lands, including adding the San Carlos and Culo Alzado properties, detailed analysis of historic geological and cultural records of the area, and regular mineral analysis of newly obtained resource samples.
In addition, Orofino has acquired a database comprised of exploration and mining results from previous operators who left as a result of pre-21st century regional civil and economic instability.
Orofino Gold Corp’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years. Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Applications of gold include decorative plating of costume jewelry, watchcases, pens and pencils, spectacle frames and bathroom fittings. Gold-based points are used for decoration of china and glass. The gold is used in various forms, such as rolled gold and gold fill, although both of these are under competition from new techniques. On the other hand, the use of gold electroplating in watchcases and similar products is increasing. Visually, the most spectacular use of decorative gold is gold leaf which has been used for centuries to adorn the domes or ceilings of public buildings, because its resistance to corrosion means it will outlast paint by many years.
Gold can be called the most useful material on earth, next to duct tape, and has and always will be extremely important to man. This will prove especially true in the information and space age. Its ductility, malleability, reflectivity, resistance to corrosion and unparalleled ability as a thermal and electrical conductor will insure that it remains as important as it is today.
Orofino Gold Corp. (ORFG) is pleased to announce the appointment of Dr. Hans Bocker as the new Chairman of the Board. The Company held a Board meeting dated April 5, 2011, to initiate certain corporate changes to the existing members of the Board of Directors. The Board of Directors unanimously appointed Dr. Hans Bocker as the new Chairman of the Board, and the former Chairman, Mr. Ning Shi Long, resigned as Chairman due to personal obligations, but will remain as a member of the Board of Directors.
Dr. Hans J. Bocker is an internationally recognized academic advisor. His expertise encompasses fundamental organizational and operational logistics including production and operations management, purchasing and procurement, safety, loss control, quality management, international management, cross-cultural management, transportation and traffic logistics, and leadership training for executives.
In addition to his logistical expertise, Dr. Bocker is also an internationally recognized gold expert. He recently published a book on gold titled Freedom Through Gold which has sold out in several languages. He is also a published journalist with over 2000 publications.
On behalf of the Board of Directors, the Company wishes to extend their gratitude to Mr. Ning Shi Long for his commitment and efforts as past Chairman of the Board.
For more information on Orofino Gold Corp., visit http://www.orofinogold.com
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Waters Corp. (NYSE:WAT) reported first quarter 2011 sales of $428 million, an increase of 16%, from sales of $368 million in the first quarter of 2010. In the quarter, foreign currency translation added 2% to sales growth. On a GAAP basis, earnings per diluted share (E.P.S.) for the first quarter were $1.01, compared to $0.79 for the first quarter of 2010. On a non-GAAP basis, including the adjustments in the attached reconciliation, E.P.S. grew 28% to $1.04 from $0.81 in the prior year quarter.
Commenting on the Company’s performance, Douglas Berthiaume, Chairman, President and Chief Executive Officer said, “Our strong performance in the quarter is indicative of broad customer acceptance of our new system offerings, continuing expansion of our key Asian businesses and an overall healthier spending environment in our pharmaceutical end-markets.”
Waters Corporation operates as an analytical instrument manufacturer primarily in the United States, Europe, Japan, and Asia. The company designs, manufactures, sells, and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC), and mass spectrometry (MS) instrument systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
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TRW Automotive Holdings Corp. (NYSE:TRW) has announced plans to open a new Technical Center in China in 2013. The 32,000 square meter facility will be built in Anting and will be able to accommodate more than 1,000 engineers. John Plant, TRW Automotive president and chief executive officer, explained: “The new Tech Center in China demonstrates our long term commitment to China and the region and when complete will be one of our largest technical facilities worldwide. With over 26 million vehicles predicted to be built in the year 2016 in China, the automotive industry needs to be prepared to support this tremendous growth. Our Tech Center will support our customers with their ambitious plans.”
TRW Automotive Holdings Corp., together with its subsidiaries, designs, manufactures, and sells automotive systems, modules, and components for automotive original equipment manufacturers and related after-markets.
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CR Bard Inc. (NYSE:BCR) reported 2011 first quarter financial results. First quarter 2011 net sales were $700.3 million, an increase of 8 percent over the prior-year period on both a reported and constant currency basis. For the first quarter 2011, net sales in the U.S. were $487.1 million, an increase of 7 percent. Net sales outside the U.S. were $213.2 million, an increase of 9 percent on both a reported and constant currency basis. For the first quarter 2011, net income attributable to common shareholders was $131.9 million and diluted earnings per share available to common shareholders were $1.49, an increase of 9 percent and 20 percent, respectively, as compared to first quarter 2010 results. Adjusting for items that affect comparability between periods as detailed in the tables below, first quarter 2011 net income attributable to common shareholders was $133.7 million and diluted earnings per share available to common shareholders were $1.51, an increase of 9 percent and 21 percent, respectively, as compared to first quarter 2010 results.
C. R. Bard, Inc., together with its subsidiaries, engages in the design, manufacture, packaging, distribution, and sale of medical, surgical, diagnostic, and patient care devices worldwide. It offers vascular, urology, oncology, and surgical specialty products.
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