Gold output during the quarter totalled 13,352 oz from 81,840 tons ore grading 0.174 oz gold per ton, compared with 13,023 oz from 49,829 tons grading 0.277 oz during the same period last year.
The quarterly loss compares to a net income of $2.3 million for the same period in 1988. Revenue during the quarter amounted to $6.3 million compared with $7.8 million last year. The quarterly loss includes an extraordinary item of $1.41 million for write-off of tax benefits previously recorded.
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