MINING.COM Staff Writer

High River Gold Mines on Monday reported its financial results and operational highlights for the three month period ended June 30, 2011 showing net gold revenue of $136.2 million, an increase of 11% from $122.4 million in Q1 2011, an increase of 20% from $113.8 million in Q2 2010. Net income of $41.4 million ($0.05 per share) compared to a net income of $37.3 million ($0.04 per share) in Q1 2011 and a net income of $37.5 million ($0.05 per share) in Q2 2010.

US China Mining Group's results for the second quarter of 2011 showed the Company generated net sales of $11.4 million compared to $10.0 million for the same period in 2010, an increase of 14%. The Company sold approximately 216,011 metric tons of coal in the three months ended June 30, 2011, similar to the 215,489 metric tons sold in the second quarter of 2010. The average sales price per ton increased 13% year-over-year, from $46.25 to $52.37, due to strong industry demand.

The deadline for a crucial federal loan guarantee backing a proposed uranium plant in southern Ohio came and went Monday leading some to wonder if the project will ever get shovels in the ground, the Dayton Daily News reports. For the second time in three months, investors in a $5 billion uranium centrifuge project in Pike County have said they will give the federal government more time to offer a $2 billion loan guarantee. Ohio officials first unveiled plans for the plant in 2009, promising 4,000 jobs for an area with the worst unemployment in the US state.