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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: KevinMark who wrote (6981)8/12/1999 2:42:00 PM
From: SSP  Read Replies (1) of 150070
 
TVX - TORONTO--(BUSINESS WIRE)-August 12, 1999-- TVX Gold Inc. reported
net earnings of $6.0 million for the second quarter of 1999, compared
to net earnings of $2.4 million in the same quarter a year ago.
The $6.0 million realized in the quarter includes a one-time net
gain of $4.2 million from the completion of the TVX-Normandy
transaction. TVX's share of production from its five joint ventures
was 132,300 gold equivalent ounces for the period and 275,200 for the
six months ended June 30, comparing favourably with the 114,400 gold
equivalent ounces produced for the same quarter in 1998 and the
221,300 ounces produced for the first six months of 1998. Cash cost
for the period was $176 per ounce and $168 for the first half of the
year against $188 and $198 achieved in the corresponding 1998 periods.
Production cost per ounce was $274 for the second quarter and $262
year to date, compared to $289 and $300 realized for the respective
periods in 1998.
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