A net loss of $6.5 million was reported for 1991 by Valdez Gold (ASE), which has a 25% interest in the Valdez Creek gold placer mining project in Alaska.
For the first quarter of 1992, the company recorded a net loss of $833,856. Valdez is controlled, through a wholly owned subsidiary, by MVP Capital (TSE), which reported a consolidated net loss for 1991 of $9.3 million, down from $14.1 million the previous year.
During the first quarter of 1992, MVP recorded a net loss of $873,359, compared with a loss of $5.1 million for the same period in 1991.
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