Wheaton River-TRM.CA now also WHT on AMEX Exchange Fundamental results of 3rd qtr operations
Ask: $0.86
Third Quarter Highlights:
- Sales more than doubled to $15,840,000 in the third quarter of 2002 compared to
$6,914,000 in the same period of 2001.
- Earnings from mining operations were $5,750,000 for the third quarter of 2002
compared to $818,000 in 2001.
- Gold equivalent production increased to 47,835 ounces at a total cash cost of $182
in the third quarter of 2002 compared to 25,626 ounces at a total cash cost of $170
in 2001.
- At September 30, 2002 the Company had cash and equivalents of $19 million,
and was debt-free.
- Exploration joint venture agreements were negotiated with Placer Dome and
Geologix Explorations who will expend a total of over $6 million on two of
Wheaton’s Mexican exploration properties.
- Net earnings for the nine months to September 30, 2002 increased to $3,025,000
($0.03 per share) compared to the net loss of $13,398,000 ($0.25 per share) in
2001. |
