Record gold production, earnings and cash flow were reported by American Barrick Resources (TSE) for the first quarter of 1990. Net income increased to US$13.1 million (10 cents per share) on a fully diluted basis, compared with US$7 million (6 cents per share) for the same three months in 1989. Revenue during the quarter totalled US$52.9 million compared with US$46.6 million last year. Operating cash flow was US$16.7 million compared with US$16.4 million during the same quarter in 1989.
Gold production jumped 26% to 131,111 oz. during the quarter from 104,414 oz. a year earlier. The company has interests in six producing mines in Nevada, Utah, Ontario and Quebec.006 0508,0206,0304,0008 American Barrick Resources (TSE) $000s except per-share items* Quarter ended Mar. 31 1990 1989 Revenue $52,921 $46,551 Net earnings 13,082 6,972
per share 0.10 0.06 *US dollars004
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