Year-over-year earnings slipped to US$1.2 million for CoCa Mines (NASDAQ) during 1990. CoCa reported earnings of US$1.9 million on revenues of US$25.6 million for the year ended Dec. 31, 1989. Earnings included an extraordinary gain of US$935,000 in 1990, compared with gains of US$1.8 million in 1989.
Gold and gold-equivalent production amounted to 63,100 oz. from the company’s 70% owned Cactus Gold mine in California during the year. The operation produced a gross operating profit of US$3.4 million. CoCa Mines (NASDAQ)* 12 months ended Dec. 31 1990 1989 Revenue $25,243 $25,558 Net earnings 1,246 1,861
per share 0.10 0.17
Be the first to comment on "CoCa 1990 earnings slip from 1989"