Toronto-based Euro-Nevada Mining (TSE) reported a net profit of $665,000 or 6 cents per share for the nine months ended Dec 31, compared with $583,000 or 6 cents per share during the same period last year. Revenues from Euro-Nevada’s royalty interests increased to $1.6 million in the 9-month period from $619,000 in 1988.
During the recent third quarter, Euro-Nevada reported a net profit of $278,000 or 3 cents per share on revenues of $673,000, compared with a loss of $317,000 or 3 cents per share on revenues of $321,000 in the 1988 third quarter.
On Dec. 31, Euro-Nevada had $9.4 million in working capital, compared with $8.9 million at the same time last year.
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