Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Clear Day 36° Clear
News >  Nation/World

Crown Resources Reports 1995 Loss

From Staff And Wire Reports

Denver-based Crown Resources Corp. Monday reported a loss in 1995, after showing a profit the previous year.

During 1995, Crown lost $1.7 million, or 13 cents per share. That compares with a profit of $3.5 million in 1994, or 27 cents per share.

Crown’s 1994 results include gains of $8.5 million from proceeds related to the Crown Jewel gold mine in northeastern Washington and $868,000 from the sale of securities.

Crown’s loss in 1995 came mostly as a result of higher administrative expenses and lower royalty payments from a mine in Montana that shut down in 1995.

Crown spent money last year analyzing a merger proposal from Battle Mountain Gold of Houston, but later rejected it.

Crown and Battle Mountain are partners in the Crown Jewel gold mine near Chesaw, Wash.

, DataTimes

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.

Annual health and dental insurance enrollment period open now

 (Courtesy Washington Healthplanfinder)

2020 has been a stressful year for myriad reasons.