Cambior posts dramatic loss for fiscal 1999

Article Abstract:

Montreal, Que.-based Cambior Inc. has reported a loss of $358 million for fiscal 1999. Cambior, which is a gold and base metals producer, reported revenues of $332 million for the year ended December 31, 1999.

Gold ores, Mining industry, Gold industry

---

Power Corp. posts lower profit, revenue

Article Abstract:

Power Corp. of Canada posted 195 million Canadian dollars in profits for the 2002 second quarter ending June 30, 2002. The company posted 224 million Canadian dollars in profits for the same 2001 period. Power Corp. also posted 4.3 billion Canadian dollars in revenues for the quarter, compared to 4.6 billion Canadian dollars in the same 2001 period.

Financial Services, Finance and Insurance, Financial services industry, Company sales and earnings, Company earnings/profit, Power Corporation of Canada

---

Cambior reports record gold production, slim profit in quarter

Article Abstract:

Cambior Inc., a mining company based in Montreal, Canada, has reported a record 34% increase in gold production to 163,000 ounces for the second quarter of 1998 from 122,000 ounces in the same year-ago period. However, the company posted a slim profit for the quarter ended Jun. 30, 1998, at $2.1 million, or 3 cents per share, compared to $200,000, or about zero cents a share, in the past year. The slight increase in profit for the quarter is attributed to an aggressive hedge position adopted by Cambior that lessened the effect of a weak gold price.

Comment:

Reports record 34% rise in gold production to 163,000 ounces for 2nd quarter of 1998 from 122,000 ounces in same year-ago period

Article

Similar abstracts:

• Abstracts: Mixed economic reports create fog-filled picture of Fed future. Fed official peruses economic cycles
• Abstracts: A story line of vignettes over several commercials introduces UBS PaineWebber, post merger. Agassi may have the answers for Twinlab, but not for this year's French Open
• Abstracts: Air Canada pilots agree to talk, put off strike action -- for now. 'Chaos' feared as pilots threaten strike
• Abstracts: American regulator to hold public hearings on rail industry. Rail rivals see light at the end of the tunnel
• Abstracts: Ontario recommends 10 days of family crisis leave for workers. Work gives students a leg up

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.