TORONTO, ONTARIO -- (Marketwire) -- 08/08/11 -- Vaaldiam Mining Inc. ('Vaaldiam' or the 'Company') (TSX: VAA) reports that, for the three and six months ended June 30, 2011, it has recorded a net loss of $855,000 and $8,496,000 or $0.01 and $0.12 per share compared to net income of $711,000 and a net loss of $1,435,000 or net income per share of $0.01 and net loss per share of $0.02 for the same period in 2010.