On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings.
Earnings before deferred income taxes for the nine months ended June 30 were down to $1.7 million or 11.4 cents per share from $2.08 million or 18.9 cents per share at the same time last year.
Nine month income also decreased to $3.2 million from $3.7 million reported during the first nine months of 1987.
Debt-free and with a working capital position of $21.5 million, Aur is planning to produce gold at an initial rate of 24,000 oz annually from the Kierens deposit.
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