Highlights

1987 RESULTS

1987 1986

FINANCIAL (In thousands)
Revenue $ 58,129 $ 48,739
Net earnings (loss) $. 3,719 $ (547)
Indebtedness net of short-term deposit (at year end) 27,043 $ 34,680

Return on average Common shareholders’ equity 11.6%
Basic earnings (loss) per share

Before extraordinary items

After extraordinary items
Book value of shareholders’ equity - fully diluted

PRODUCTION
CASSIAR MINE

Fibre production, tonnes

Ore mined, tonnes

Waste removed, bank cubic metres

Ore reserves, proven, tonnes

Waste to be removed, bank cubic metres

NEW PROJECTS

FEASIBILITY REPORT SUMMARIES

McDAME
Mineable reserves (Phase I), tonnes
Capital costs

BISSETT GOLD
Mineable reserves, tons (Grade 0.223 0z./ton gold)
Capital costs
Production of gold, average per year, oz.
Production cost, average, per oz. of gold ($U.S.)