Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : BLACK HAWK (TSE:BHK) -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (253)	4/16/1999 1:19:00 PM
From: traacs	Read Replies (1) \| Respond to of 545

Dundee Bancorp puts 1998 behind it TORONTO (CP) -- Dundee Bancorp Inc., the investment company behind Dynamic and Power mutual funds, scraped through 1998 with a profit of $5.1 million, down 90 per cent from the previous year. Earnings per share slumped to 18 cents from $1.91, amid restructuring costs of $5.8 million and a $33.6-million cut in investment income caused by writedowns at resource companies in which Dundee has stakes -- Breakwater Resources, Eurogas Corp. and Black Hawk Mining. Dundee chairman and CEO Ned Goodman said in a news release Friday that he is "glad that the 1998 year is behind us and that the financial and anecdotal results of the first quarter of 1999 are beginning to reflect the positive aspects of the company's repositioning of itself for the future". Dundee reported Friday that net income for the first quarter of 1999 was $13.7 million, up from $8.7 million a year earlier. Management and administrative fee revenue for the three months was $24.3 million, down from $29.8 million. Mutual fund assets at March 31 were $5.2 billion, down from just under $5.5 billion a year earlier. First-quarter investment income was $28.6 million, boosted by Dundee's founding-shareholder stake in BCE Emergis.