A substantial decline in interest, investment and other income led to a 19% drop in third-quarter earnings for Corona (TSE). Net income for the quarter was $12.3 million (6 cents per share) compared with $15.1 million (10 cents per share) in the third quarter of 1989. Despite a 10% increase in gold production during the first nine months of the year, earnings for the period also declined, totalling $27.3 million (15 cents per share) compared with $34 million (23 cents per share) in the first nine months of 1989.
Gold production increased by 57,000 oz. to 561,758 oz. for the first nine months of the year and by 10,000 oz. to 194,000 oz. in the third quarter. Corona (TSE) 3 months ended Sept. 30 1990 1989 Revenue $86,800 $81,500 Net earnings 12,300 15,100
per share 0.06 0.10 9 months ended Sept. 30 Revenue $253,700 $230,600 Net earnings 27,300 34,000
per share 0.15 0.23
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