Crown Resources Reports Loss

Sat., Nov. 8, 1997

From Staff And Wire Reports

Crown Resources Corp. reported a net loss Friday of $1.15 million, or 8 cents per share, for the third quarter of 1997.

That compares with a net loss of $397,000, or 3 cents per share, for the third quarter of 1996.

Included in the losses for the current quarter were noncash property write-downs of $866,000, compared with $43,000 for the same quarter a year earlier.

During the first nine months of 1997, the company spent $2.6 million for exploration, including $1.9 million for projects in Peru and Argentina.

Crown Resources is a joint-venture partner with Battle Mountain Gold on the Crown Jewel open pit gold mine project near Chesaw, Wash.

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Crown Resources Reports Loss

Jesse Tinsley

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