Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year.
The company, which has interests in gold mines in Latin America, saw its revenue for the 9-month period ended Sept 30, triple to $29.6 million from $9.7 million in the corresponding period in 1987. Gold production from interests in four producing mines in Brazil totalled 135,300 oz of which TVX’s share was 42,400 oz. In 1987, TVX produced 13,400 oz of gold during the same period.
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