Princeton faces tougher times

The first six months of this year have been tough ones for Princeton Mining (TSE) because of operating challenges and labor disputes at both its mines.

The company is reporting a first-half loss of $7.29 million, compared to net earnings of $6.38 million in the comparable 1990 period. A net loss of $5 million was reported for the 1991 second quarter ended June 30, compared to net earnings of $4.1 million in the 1990 second quarter.

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