MFC Mining Finance Corp. reports first quarter consolidated cash flow of $4 million, and consolidated net earnings of $717,730. Working capital increased during the period by $2,500,000 to $12,900,000, the company says.
It adds figures are not presented for the comparable period of 1986 as the company’s 50.3%-owned subsidiary, Blackdome Mining Corp. did not achieve commercial production at its Blackdome Mountain, B.C., gold-silver mine until May of last year, and its 50% joint venture interest in Stibnite (Idaho) seasonal heap leach gold mine did not produce its first bullion until July of 1986.
Consolidated metal production during the first quarter this year was 13,466 oz gold, 28,932 oz silver.
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