Aur earnings decrease

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.


Print


 

Republish this article

Be the first to comment on "Aur earnings decrease"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close