Toronto-based Anglo Dominion Gold (TSE) continues to suffer from the market malaise which is currently hampering the fund raising efforts of many Canadian junior exploration companies.
The company reported a loss of $209,421 or 6 per share during the first six months of 1988 compared to $433,317 or 16 per share at the same time last year.
However, its cash position on June 30 stood at $481,266, up from $54,376 on Jan 1.
Anglo Dominion Gold is 42.6% owned by Coniagas Mines (TSE) of Toronto. It recently increased its interest in the Little River joint venture in Newfoundland to 50% by acquiring Coniagas’ 25% interest.
Anglo Dominion is also involved in exploration with affiliate Quebec Sturgeon Mines (TSE) and Esso Minerals Canada at Burnt Bush River in the Casa Berardi W area of Quebec.
The Anglo Dominion issue was trading recently at 70 on the Toronto Stock Exchange in a 52- week range of $1.90 and 57 .
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