Malartic profit

Malartic Hygrade Gold Mines reports first quarter 1987 net income of $447,663, or 12 cents a share, against net of $459,498, or 13 cents a share, in the similar period last year.

Revenue in the latest period was $1,679,814, compared with $2,057,561 in the 1986 first quarter.

Cash flow from operations amounted to $602,036, against $576,569 last year.

The company has declared a dividend of 10 cents a share, payable to shareholders of record July 31, on Aug 17.


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