Net earnings from operations of $6.76 million (19 per share) were reported by Brunswick Mining and Smelting (TSE) for the third-quarter of 1988 compared with $17,000 for the same period last year. Value of mineral production was pegged at $78.5 million for the quarter, compared with $60.8 million in 1987.
During the first nine months of 1988, Brunswick recorded net earnings from operations of $16.2 million (46 per share), compared with $3.9 million (11 per share) for the same period last year. Value of mineral production during the nine months totalled $232.3 million, compared with $190.5 million last year.
The company cites strong markets for zinc, lead and diamonium phosphate for helping to boost the quarterly earnings. Seasonal shutdowns for maintenance at the smelting and fertilizer divisions reduced operating earnings, but production levels returned to normal toward the end of September and should be maintained through the fourth quarter, the company says.
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