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BREAKWATER REPORTS Q3 2005 RESULTS |
11/08/2005 |
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BREAKWATER REPORTS Q3 2005 RESULTS
November 8, 2005 - Breakwater reported a net loss of $1.6 million in the third quarter of 2005 as a result of a $6.7 million charge against Nanisivik related to the final reclamation and closure of the mine and a fixed asset write-down. Excluding this charge, net earnings would have been $5.1 million compared with net earnings of $2.4 million in the third quarter of 2004. More…
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