Grande Cache Coal Corporation expected to Report Q2 2010 Results on November 13, 2009. This event was calculated by Capital IQ (Created on September 21, 2009).

Grande Cache Coal Corporation reported unaudited consolidated earnings results for the first quarter ended June 30, 2009. For the quarter, the company reported net income of $5.1 million, or $0.05 per basic and diluted share during the first quarter of fiscal 2010, compared to net income of $3.4 million, or $0.04 per basic and diluted share, in the same period last fiscal year. Income from operations was $10.7 million, up from $4.0 million in the first quarter of last year. The company reported revenue was $74.6 million compared to $41.3 million for the same quarter a year ago. Income before taxes was $7.4 million compared to $3.7 million for the same quarter a year ago. Cash flow from operating activities was $43.6 million compared to $13.1 million for the same quarter a year ago. Additions to mineral properties and development were $540,000 compared to $409,000 for the same quarter a year ago. Additions to buildings and equipment were $8.5 million compared to $8.8 million for the same quarter a year ago. For the full year of fiscal 2010, capital expenditures are expected to total approximately $85 million during fiscal 2010. Approximately $46 million of the capital expenditures is for the acquisition of new surface mining equipment and approximately $20 million is for the development of the No. 8 surface mine and the No. 12 South B2 underground mine, pending receipt of regulatory approvals.

Grande Cache Coal Corporation announced sales results for the first quarter ended June 30, 2009. For the quarter, the company sold 0.51 million tonnes of metallurgical coal. The higher sales volumes were mainly driven by a significant increase in spot sales, primarily into the Chinese market. The Corporation anticipates sales volumes for fiscal 2010 will be 1.3 to 1.5 million tonnes, up from the previous guidance of 1.2 to 1.4 million tonnes. The increase is due to a higher level of spot sales experienced to date, together with a modest recovery in demand from traditional customers compared to the latter part of fiscal 2009. The average sales price for fiscal 2010 is expected to be in the range of $115 to $125 per tonne, which includes spot sales and carryover shipments from the prior coal year as well as contract sales negotiated for the new coal year that commenced on April 1, 2009. The expected average sales price may vary depending on the Corporation's ability to successfully negotiate spot sales or sales within new markets. The company will be taking delivery of new equipment in 2010. The accelerated delivery of the haul truck equipment this year is expected to result in fiscal 2010 capital expenditures approximating $85 million, representing an $18 million increase from previous guidance. Fiscal 2010 capital expenditures are expected to be funded by existing cash, cash flow from operations and equipment leases.