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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: gtoland who wrote (3860)	8/3/1998 11:07:00 AM
From: J.L.	Read Replies (1) \| Respond to of 4571

Can someone please update us as to what is happening with Brush Creek. It seems that there haven't been any shares traded today. Best Regards, JL

To: gtoland who wrote (3860)	8/6/1998 1:12:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 4571

Screw Brusted Creek. This is a mining company. For full report newswire.ca AURIZON REPORTS RECORD GOLD PRODUCTION AND STRONGER FINANCIAL PERFORMANCE FOR THE SECOND QUARTER OF 1998 VANCOUVER, Aug. 6 /CNW/ - Aurizon Mines Ltd. Shares Listed: Toronto Stock Exchange & Montreal Exchange Ticker Symbol - ARZ Aurizon Mines Ltd. reports record gold production and improved financial and operating performance for the second quarter of 1998, despite weaker gold prices. Gold production for the quarter increased by 79% to a record 13,088 ounces, compared to 7,310 ounces produced in the corresponding period of 1997, and cash operating costs were reduced to US$208 per ounce. Cash flow from operations for the quarter was $1.3 million, 4 cents per share, and net earnings were $483,000, 1 cent per share. Gold production for the first half is 18% ahead of target and higher mining rates forecast for the second half of the year are expected to result in annual production in excess of 50,000 ounces at a cash cost of less than US$225 per ounce. FINANCIAL RESULTS Revenues for the second quarter of 1998 amounted to $5.7 million, a 69% increase over the second quarter of 1997. Cash flow from operations totalled $1.3 million, 4 cents per share, compared to a cash outflow of ($733,000) or (2 cents) per share in the corresponding period of the previous year. Net earnings for the quarter amounted to $483,000, 1 cent per share, compared to a loss of ($1,412,000) or (4 cents) per share in the previous year. Revenues for the first half of 1998 totalled $11 million compared to $7.8 million in the first half of 1997. Cash flow from operations amounted to $2.2 million, 6 cents per share, compared to a cash outflow of ($428,000) or (1 cent) per share in the corresponding period of 1997. Net earnings were $569,000, 2 cents per share, compared to a loss of ($1.8 million) or (5 cents) per share in the previous year. Despite a decrease in the second quarter average realized gold price to US$306 per ounce, results were positively affected by increased gold production, strong operating performances at both mines and continued cost reduction throughout the Company. ********************************************************* As at June 30, 1998, Aurizon had no long-term debt, cash and cash held in trust of $4.6 million, and bullion settlements receivable of $1.3 million. Working capital was $4 million. *********************************************************