Earnings Reports (March 27, 1989)

A $50.6-million write-down in the carrying value of the Jamestown mine brought the final loss for 1988 to $55.2 million or $3.11 per share.

MinVen Gold Corp. (TSE) reports for the three months ended Dec 31 a net loss of $16,295(US) on revenue of $9.02 million. For the same period a year earlier the company reported net income of $2.08 million or 11 cents per share on revenue of $11.66 million.

For the 12 months ended Dec 31 the company reports net income of $90,918(US) or 1 cents per share on revenue of $34.2 million. For the same period a year earlier the company reported net income of $5.05 million or 35 cents per share on revenue of $37.95 million.

The company was formed on Aug 2, 1988 through the amalgamation of Brohm Resources Inc. and MFC Mining Finance Corp.

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