Extract
Viceroy Announces Third Quarter Financial Results.
VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Nov. 12, 1999--(TSE:VOY.) Viceroy Resource Corporation ("Viceroy") today reported financial results for the third quarter and nine months ended September 30, 1999. Following a comprehensive review of its mining operations and other investments, Viceroy has taken a non-cash charge of $50.8 million against third quarter losses. The write-down, which includes a $39.0 million reduction in the carrying value of the Brewery Creek Mine, a $10.1 million reduction in the carrying value of Paredones Amarillos, and a $1.7 million on share holding investments, will have no impact on current or future cash flow generated from operations.
Before the write-down of assets, Viceroy reported a loss of $1.3 million or $0.02 per share on sales of $...See the full content of this document
