Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compared with US$325 per oz. in the equivalent 1989 quarter. The realized price for the gold it produced during those periods was US$430 and US$417 respectively.
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