Hope Brook earnings

Net income of $591,000 (2 cents per share) was recorded by Toronto- based Hope Brook Gold for the five- month period ending Dec 31, 1987. Cash provided by operating activities totalled $674,000.

Hope Brook, whose Newfoundland gold mine went into commercial production in October last year, has changed its year-end from July 31 to Dec 31. During 1987, the company turned out 2,227 oz gold prior to the commencement of commercial production and 10,296 oz after, for total production of 12,523 oz.