Glamis reports lower earnings

Despite record production for the first quarter of fiscal 1992, Glamis Gold (TSE) reported lower earnings than in the first quarter of 1991.

First-quarter production totalled 18,041 oz. compared to 11,805 oz. last year.

Glamis reported earnings of $611,000 for the first quarter ended Sept. 30 compared with earnings of $1.02 million in the first quarter of 1991.

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