Consolidated earnings of $198,000 (2 cents per share) for the first half of the year were reported by Giant Yellowknife Mines (TSE), compared with $544,000 (6 cents per share) for the same six months in 1989. During the second quarter, the company recorded earnings of $808,000 (9 cents per share), compared with $727,000 (8 cents per share) for the same 3-month period in 1989.
The company produced 86,990 oz. gold during the first six months of this year, down from 91,897 oz., for the first half of 1989. Second- quarter output, at 44,181 oz., was slightly higher than for the same period last year.
Operating costs averaged $430 per oz. during the second quarter, down from $504 for the first quarter and $535 for the first half of 1989.
The company, part of the Pamour group, said improved grades and recoveries at both its Timmins, Ont., and Yellowknife, N.W.T., camps more than offset the decrease in tonnage throughput which resulted from last year’s rationalization of operations.006 0600,0206,0300,0008 Giant Yellowknife Mines (TSE) $000s except per-share items 3 months ended June 30 1990 1989 Revenue $22,529 $29,332 Net earnings 808 727
per share 0.09 0.08004
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