Magnum Mining And Exploration Ltd. reported consolidated earnings results for the half year ended June 30, 2012. For the half year, the company reported revenue of AUD 54,372 compared to AUD 85,730 for the same period a year ago. Loss before income tax expense was AUD 262,865 compared to AUD 218,114 last year. Loss was AUD 262,865 or 0.16 cents per basic share compared to AUD 218,114 or 0.14 cents per basic share last year. Net cash outflow from operating activities was AUD 234,631 compared to AUD 195,709 last year.

Magnum Mining And Exploration Ltd announced its half yearly result ending June 30, 2012 and also said that it seeks acquisitions. The consolidated loss of Magnum Mining after income tax was $262,865, for the period. Magnum Mining is looking for acquisitions opportunities that would add substantial value for the company’s shareholders. The company is actively pursuing opportunities but at this stage has not been able to bring the opportunities to completion. Magnum Mining will continue to look for these opportunities during the forthcoming half-year.

Magnum Mining And Exploration Ltd, Annual General Meeting, May 31, 2012., at 11:00 W. Australia Standard Time. Location: Celtic Club. Agenda: To receive and consider the financial statements, the Directors' Reports and Auditor's Report for the Company and its controlled entities for the year ended 31 December 2011; to consider adoption of remuneration report; to consider re-election of Mr. Michael McMahon as a director and to transact any other business that may be lawfully brought forward in accordance with the constitution of the Company and the Corporations Act.