Bull Run Gold Report

For the fourth quarter ended Dec. 31, 1990, Bull Run Gold Mines (NASDAQ) reported earnings of US$3.6 million compared with a fourth-quarter loss of US$224,000 in 1989. The results included earnings of US$3.6 million from discontinued operations. Continuing operations showed a loss of US$39,000 for the quarter. Revenues from continuing operation during the fourth quarter of 1990 were US$45,000.

The company reported a profit of US$2.3 million for the year ended Dec. 31, compared with a loss of US$1.2 million in 1989.

The year-end results included a US$2.5-million profit from discontinued operations. Continuing operations showed a loss of US$222,000 for 1990.

Bull Run closed the sale of its 40% interest in the Big Springs heap leach gold mine near Elko, Nev., in November, 1990. As a result, the company has a cash position of over US$6 million while current liabilities stand at about US$500,000.

Bull Run is reviewing and investigating various natural resource opportunities.

Print

 

Republish this article

Be the first to comment on "Bull Run Gold Report"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close