Crown Resources Loss Widened In 1997

Wed., March 11, 1998

From Staff And Wire Reports

Crown Resources Corp. Tuesday reported net losses of $4,979,000 or 38 cents per share for 1997, compared with a 1996 net loss of $1,571,000 or 12 cents per share. Revenues last year were $685,000, compared with 1996 revenues of $803,000, the company said in a release.

Noncash write-downs of $5.7 million for property abandonments were cited as the primary cause of the higher losses in 1997. Higher expenses were associated with expanded exploration and development programs and financing of Crown and Solitario Resources Corp., Crown’s 57 percent-owned subsidiary. Solitario recently announced it will sell its Argentina subsidiary and focus efforts in Peru.

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

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 tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Crown Resources Loss Widened In 1997

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

A year after ‘Liberation Day,’ what did Trump’s tariffs achieve?

Updated: Analysis: Trump speech on Iran war, recent remarks on oil, NATO, daycare costs land with a thud

Iranians reel from US-Israeli attacks on civilian infrastructure