First-quarter earnings jumped 16.3% compared with the same period in 1987, Cambior Inc. (TSE) reports. Net earnings were $3.6 million (15 cents per share) on revenue of $26.6 million, compared with $3.1 million (14 cents per share) on revenue of $18.9 million for the same three months in 1987.
Gold production during the quarter totalled 42,986 oz, an increase of 41.2% compared with output during the same period last year. A strike lasting 34 days at the East Malartic mill reduced production at the Doyon mine during the quarter, which affected earnings.
Cambior is forecasting total gold production this year of 200,000 oz.
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