Extract
Alta Gold Co. Announces 1998 Results.
HENDERSON, Nev.--(BUSINESS WIRE)--March 31, 1999--Alta Gold Co. (Nasdaq/NM:ALTA) Wednesday announced results for the quarter and year ended Dec. 31, 1998, both of which were negatively impacted by (a) a one-time, non-cash charge of $9.3 million to reflect the reduced value of two of the company's mining properties which, in part, reflects the lowest price for gold in more than 19 years and (b) start-up problems and cost overruns caused by delays in obtaining all of the necessary permits at Olinghouse.
For the year ended Dec. 31, 1998,...See the full content of this document
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