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BREAKWATER REPORTS FINANCIAL AND OPERATING RESULTS FOR THE INTERIM PERIODS ENDED SEPTEMBER 30, 2006 AND 2005 |
11/01/2006 |
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BREAKWATER REPORTS FINANCIAL AND OPERATING RESULTS FOR THE INTERIM PERIODS ENDED SEPTEMBER 30, 2006 AND 2005
November 1, 2006 - Third Quarter 2006 Highlights • Net earnings increased to $40.7 million or $0.11 basic earnings per common share. • The Caribou property was sold for a gain of $13.8 million or $0.04 basic earnings per common share. • Gross sales revenue increased by 56% to $112.0 million despite a drop in tonnes of concentrate sold. • Cash and cash equivalents increased by $23.1 million to $63.4 million. • Total debt decreased by $3.3 million to $6.0 million. • Contribution from mining activities set a record high by increasing to $43.1 million. • Drilling on the Porvenir deposit at El Toqui continued. More…
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