U.S. REPORT Bunker Hill moves to cut workforce

Despite reporting increased third- quarter earnings compared with last year, Bunker Hill Mining (TSE) has reduced its workforce at its silver-lead-zinc mine in Idaho by 18%. Bunker recorded third-quarter unaudited net income of US$910,164 compared with $242,694 for the same period in 1989.

“We’re taking this action to conserve cash and to maintain profitability in response to a weakened economic outlook,” President Jack Kendrick said. The company has also suspended a number of exploration and development projects at the mine. Bunker Hill Mining (TSE)* 3 months ended Sept. 30 1990 1989 Revenue $5,459 $3,292 Net earnings 910 243

per share 0.06 0.02 9 months ended Sept. 30 Revenue $14,088 $6,790 Net earnings (loss) 2,271 (715)

per share 0.14 (0.04)