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CROWN ANNOUNCES THIRD QUARTER RESULTS, CONTINUED IMPROVEMENT

 DENVER, Nov. 10 /PRNewswire/ -- Crown Resources Corp. (NASDAQ-NMS: CRRS) today reported a third quarter 1993 net loss of $335,000, or 3 cents per share, compared with a net loss of $1,090,000, or 9 cents per share for the third quarter of 1992. The improvement in the current quarter is the result of lower operating, administrative and interest expenses.
 For the first nine months of 1993, the net loss was $1,116,000, or 9 cents per share, compared with a net loss of $3,867,000, or 31 cents per share, for the like period in 1992. Included in the nine month periods were non-cash charges of $610,000 and $885,000 in 1993 and 1992, respectively, relating to property abandonments.
 Revenues of $581,000 for the third quarter of 1993 included royalty income of $203,000, as well as sales of 916 ounces of gold at an average realized price of $401 per ounce. These gold sales represent the company's remaining inventories from 1992 production from the Kettle River Joint Venture, from which it withdrew in December 1992. During the third quarter of 1992, Crown's revenues of $3,849,000 included sales of 9,959 ounces of gold at an average price of $352 per ounce, plus royalty income of $297,000.
 General and administrative expenditures were $344,000 for the third quarter of 1993, compared with $624,000 for the like period in 1992. Interest expense for the current quarter was $245,000 compared with $592,000 for the year earlier quarter, reflecting the elimination of the $21 million Kettle River debt at the end of 1992.
 Crown is listed on the NASDAQ National Market System under the trading symbol CRRS and on the Toronto Stock Exchange under the symbol CRO.
 CROWN RESOURCES CORP.
 Condensed Consolidated Balance Sheets
 (Unaudited)
 (In thousands)
 Sept. 30, Dec. 31,
 1993 1992
 Assets
 Cash and cash equivalents $1,978 $1,880
 Inventories 704 3,974
 Other current assets 409 676
 Property, net 23,476 22,457
 Other assets 1,786 1,917
 Total assets $28,353 $30,904
 Liabilities and stockholders'
 equity
 Current liabilities $379 $1,772
 Long-term liabilities 15,564 16,150
 Stockholders' equity 12,410 12,982
 Total liabilities and
 stockholders' equity $28,353 $30,904
 Condensed Consolidated Statements of Operations
 (Unaudited)
 (in thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues $581 $3,849 $2,050 $7,409
 Costs and expenses:
 Production costs 186 2,733 802 5,622
 Depreciation, depletion
 and amortization 157 1,333 628 2,943
 General and administrative 344 624 1,134 1,854
 Interest expense 245 592 727 1,821
 Abandonments 196 199 610 885
 Other, (net) 11 (15) (172) 82
 1,139 5,466 3,729 13,207
 Loss before income taxes (558) (1,617) (1,679) (5,798)
 Income taxes (223) (527) (563) (1,931)
 Net loss $(335) $(1,090) $(1,116) $(3,867)
 Net loss per share $(0.03) $(0.09) $(0.09) $(0.31)
 Average shares
 outstanding 12,718 12,557 12,677 12,470
 -0- 11/10/93
 /CONTACT: John A. Labate, 303-295-2171; or Debbie W. Mino, 713-682-4070; both of Crown Resources/
 (CRRS)


CO: Crown Resources Corp. ST: Colorado IN: MNG SU: ERN

BB -- DV007 -- 2987 11/10/93 18:17 EST
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Date:Nov 10, 1993
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