St. Joe Gold’s profit improves in fiscal 1986

St. Joe Gold reports net income of $7.9 million or 25 cents per share for the year ended Oct 31 compared with $5.3 million or 17 cents per share for the same period a year earlier.

The company, a unit of St. Joe Minerals which is a subsidiary of Fluor Corp., has mining operations in Chile and California and is involved in exploration for precious metals in the U.S., Canada and Chile.

In fiscal 1986 the company sold 292,614 oz of gold, 1,092,379 oz of silver and 21,223 tons of copper. In the same period a year earlier production amounted to 290,248 oz of gold, 1,007,865 oz of silver and 20,055 tons of copper.