On schedule to begin production in September at its wholly- owned Kierens project at Val d’Or, Que., Aur Resources (TSE) of Toronto reported a drop in first half earnings.
Aur reported net earnings of $1.36 million or 9.2} per share for the 6-month period ended March 31 compared to $1.68 million or 16} per share in the same period last year.
The company’s income for the recent 6-month period was down $386,934 to $2.46 million.
Debt free, Aur has a working capital position of over $23 million to finance its Val d’Or-area projects.
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