Granges boosts gold production in first half

Granges reported a net loss of $1.07 million for the second quarter of 1989 compared to net earnings of $1.86 million for the same quarter in 1988. The compan y said the loss was due to realized foreign exchange losses of $1.27 million and withholding taxes of $503,000 as related to repayment of inter- corporate debt. The first-half loss was $421,000 compared to net earnings of $1.62

million for the corresponding period in 1988 which included a one time, non-taxable gain of $1.5 million from the sale of a mineral property.

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