A charge of $1.1 million from the realization of a foreign exchange loss pushed Hycroft Resources & Development (TSE) into the red.
The exchange loss was the result of a sale of U.S. dollar denominated promissory notes to an associated company.
The company’s 100% owned Crofoot/Lewis mine in Nevada produced 24,930 oz. gold during the 1991 first quarter, compared with gold production of 19,808 oz. in the first quarter of 1990.
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