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Article: Meridian Gold Reports Record Profits In The Fourth Quarter And Full Year 2000.
- Article from:
- Business Wire
- Article date:
- February 22, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
RENO, Nev.--(BUSINESS WIRE)--Feb. 22, 2001
Meridian Gold Inc. (NYSE:MDG) (TSE:MNG.)
4th Quarter Results
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- Record net income of $11.8 million, or $0.16 per share
- Gold production of 107,000 ounces (up 52%) at a cash cost of $91 per
ounce (improved 32%)
- El Penon gold production of 76,000 ounces at a cash cost of $45 per
ounce
- Operating cash flow of $19.0 million
Meridian Gold Inc. is pleased to report record earnings resulting in net income of $11.8 million for the fourth quarter of 2000, or $0.16 per share, versus a loss of $1.3 million, or $0.02 per share, for the fourth quarter of ...