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BREAKWATER REPORTS FINANCIAL AND OPERATING RESULTS FOR THE INTERIM PERIODS ENDED JUNE 30, 2006 AND 2005 |
08/01/2006 |
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BREAKWATER REPORTS FINANCIAL AND OPERATING RESULTS FOR THE INTERIM PERIODS ENDED JUNE 30, 2006 AND 2005
August 1, 2006 - Toronto, Canada, August 1, 2006…(TSX-BWR) Breakwater Resources Ltd. is pleased to provide management’s discussion and analysis of the financial condition and results of operations for the interim periods ended June 30, 2006 and 2005. Second Quarter 2006 Highlights •Net earnings increased to $29.5 million. •Gross sales revenue increased by 10 percent to $101.2 million despite a drop in tonnes of concentrate sold. •Contribution from mining activities set a record high by increasing to $37.3 million. •Basic earnings per share improved to $0.08. More…
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