Cannon gold boosts Asamera bottom line

Forward selling of gold produced from the Cannon mine in Wenatchee, Wash., has given Calgary- based Asamera Minerals (TSE) a financial boost.

The company recently reported that net income for the first nine months of 1988 increased to $5.3 million(US) or 21 per share, from $4.4 million or 19 per share at the same time last year.

That represents a 19% increase in net earnings, for the first nine months of 1988 compared with last year.

Asamera’s third quarter net income also increased slightly to $1.28 million or .05 per share from $1.13 million during the same period in 1987.


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