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CYPRUS MINERALS REPORTS THIRD QUARTER EARNINGS OF $14.3 MILLION

 DENVER, Oct. 28 /PRNewswire/ -- Cyprus Minerals Co. (NYSE: CYM) today reported 1993 third quarter earnings of $14.3 million, or 30 cents per share, on revenue of $393.6 million, compared with 1992 earnings of $39.8 million, or 92 cents per share, on revenue of $431.7 million. The lower earnings resulted principally from 17 cents per pound lower copper prices, temporarily higher copper cost of sales, and lower coal earnings resulting from four complete and three partial longwall moves during the quarter, poor mining conditions at the Pennsylvania mines, and shipping difficulties due to midwest flooding.
 For the first nine months, Cyprus earned $107.9 million, or $2.28 per share, which included $75.0 million from the sale of the LTV claims, compared with a 1992 loss of $347.8 million, or $9.18 per share. Excluding the 1993 LTV gain and 1992 write-downs, the cumulative effect of accounting changes, and reorganization charges, 1993 nine month earnings were $32.9 million, or 69 cents per share, compared with 1992 earnings of $74.0 million, or $1.60 per share. The 1993 earnings also included $11 million after tax cost resulting from record heavy rains and flooding at Cyprus' Arizona copper operations net of partial payment of insurance claims.
 Milton H. Ward, Cyprus Minerals' chairman, president, and chief executive officer, said, "While our third quarter results were mixed, I am very encouraged by our operating trends and by our cost reduction efforts that are starting to pay off. Copper costs both at the mine sites and the smelter were much lower than earlier this year, our smelter performance improved dramatically for the quarter, and a number of our other major cost reduction and expansion projects are moving forward rapidly. Coal operations are recovering well from a few unexpected problems with better performance expected in the fourth quarter, and iron ore results improved significantly."
 Ward continued, "We look forward to the Cyprus Amax merger which the shareholders will vote on at special meetings on November 12, and we are pleased with the prospects and opportunities the merger brings to both Cyprus and Amax shareholders. In addition, we are excited about our recently announced successful joint bid with Lac Minerals Ltd. to work with Codelco on the development of the El Abra copper project in Chile, which we believe will be the premier new mine of the decade. We're currently finalizing documentation of the agreements reached, and we hope to close in early 1994," Ward concluded.
 Segment income is earnings before corporate overhead, interest, equity and other, and income taxes. Segment income as discussed below excludes the 1993 LTV gain and the 1992 write-downs and reorganization charges, which are a part of operating earnings but are excluded from the discussion to help explain current operating results.
 Copper earned $28.7 million during the third quarter, compared with $46.9 million in the 1992 period. Earnings were lower due primarily to lower copper prices and higher costs of copper sold from inventory produced in prior periods, offset in part by $9.9 million recognized from partial payment of insurance claims related to first quarter flooding. Additional payments are expected by early 1994. Realizations averaged 94 cents per pound for the quarter compared with $1.11 during the third quarter of 1992. The 94 cents realizations included the recognition of $15.0 million, or 9 cents per pound, from Cyprus' third quarter monthly puts and a pro rata portion of Cyprus' annual puts. Comex prices averaged 84 cents per pound for the quarter.
 The impact of lower copper prices will continue to be mitigated in 1993 by Cyprus' copper put options, ensuring a minimum average realization of about 94 cents per pound, on a London Metal Exchange (LME) basis, on about 90 percent of Cyprus' 1993 produced copper sales. Average realizations in the fourth quarter of 1993 are expected to be below 94 cents per pound because of higher produced sales. In addition, Cyprus has entered into monthly price protection arrangements which will ensure a minimum realization of 92 cents per pound (LME basis) on 150 million pounds or about 90 percent of projected first quarter 1994 copper sales.
 Net cash costs for copper were 69 cents per pound, 4 cents lower than the 73 cents per pound in the 1992 third quarter due to lower mine site costs and higher by-product credits. Mine site unit cash costs, excluding the cost of smelting and by-product credits, were 6 cents per pound lower than in 1992 due to cost reductions resulting from higher productivity and new mine equipment at all mines and higher ore grade at the Bagdad mine in Arizona. The net cash costs for copper of 69 cents per pound were 9 cents lower than the 1993 first half.
 The expanded and modernized Miami smelter performance improved greatly, and the smelter operated at nearly 90 percent of design capacity for the quarter. While some problems continue with certain ancillary facilities, the basic technology has proven itself and the facility shows the long-term potential for exceeding design capacity.
 Copper production totaled 158 million pounds for the quarter compared with 169 million pounds for the 1992 quarter. Lower 1993 production resulted primarily from depletion of Twin Buttes oxide ore and temporarily lower Miami production due to the first quarter rains, partially offset by higher production at Bagdad. Expansions of the Bagdad and the Sierrita mills by 10 percent should be completed by year-end. Construction of a new, larger refinery at Miami has begun, and the facility is expected to lower cash costs by about 3 cents per pound when completed in late 1994. In addition, preparations are underway for a nearly 25 percent increase in copper production from the SX-EW operation at Miami.
 For the first nine months, Copper's earnings were $32.9 million compared with $91.8 million in 1992. The lower earnings were primarily the result of the $15 million pretax financial impact of the record Arizona rainfall in late 1992 and early 1993, net of insurance proceeds, and 10 cents per pound lower copper prices.
 In October Cyprus and Lac Minerals Ltd. announced that their 50/50 partnership was the successful bidder for a 51 percent interest in the El Abra copper property in Chile. The development plan anticipates production of 225,000 tonnes per year of refined copper cathodes, with initial production to begin in early 1997. Cyprus believes that the mine should have at least 20 years of production from oxide ores with cash production costs in the low 40 cent range. The bid contemplates that Cyprus' share of the payment to Codelco at closing will be $202 million. In addition, Cyprus will make future equity contributions on Codelco's behalf of up to $76 million.
 Coal reported third quarter earnings of $3.7 million, compared with 1992 third quarter earnings of $17.2 million. Lower earnings in the East resulted primarily from losses at Cumberland, Emerald, and Kanawha which were partially offset by higher earnings in Kentucky. The newly acquired Cumberland mine encountered adverse ground conditions, which resulted in higher than anticipated costs. Lower earnings at Emerald resulted primarily from a longwall move and a roof fall. The longwalls have been moved to new areas where mining conditions have improved. Kentucky's earnings increased mostly due to higher realizations and increased sales volumes.
 In the West, the decline in earnings at Plateau and Twentymile were due mostly to lower realizations resulting from more spot market sales at lower prices. Also lower productivity and production at Twentymile were caused by a longwall move while sales volumes were lower because of train availability problems due to the flooding in the Midwest.
 In general, eastern markets remained strong during the quarter because of selective strikes at other companies. In October, Emerald signed a 500,000 ton per year sales contract with AEP, a major utility, starting in October 1994.
 For the first nine months, Coal earned $22.9 million, $10.7 million less than the like period in 1992 mostly due to lower realizations at the Western operations resulting from a greater percentage of spot sales, adverse mining conditions at Emerald and Cumberland and flooding in the Midwest which limited some sales opportunities.
 Other Minerals, which includes lithium, gold, iron ore, and exploration, had combined earnings for the third quarter of 1993 of $3.2 million, $5.4 million higher than the 1992 third quarter loss of $2.2 million. The improvement was due to record Iron Ore earnings which were partially offset by increased exploration expenditures and lower Lithium earnings. Iron Ore earnings of $5.1 million were $9.6 million better than third quarter 1992 due to significantly greater sales volumes, allowing the mine to operate at much higher production which, along with strong cost control measures, reduced unit costs. In the comparable quarter of 1992, iron ore operations were shutdown for two months due to a lack of sales. Lithium's earnings of $5.1 million declined $1.9 million from third quarter 1992 mostly due to lower sales and production and the absence of special items which benefited the 1992 quarter. Lithium carbonate sales volumes were lower primarily due to weakness in the aluminum industry.
 Third quarter exploration expenditures were $8.2 million, or $2.9 million greater than the like period in 1992. The increase resulted primarily from spending on advanced projects such as the Russian Kubaka gold joint venture and gold prospects in Panama, Australia, and Greenland.
 Year-to-date earnings for Other Minerals were $15.5 million or $11.1 million greater than the first nine months of 1992 primarily due to significantly improved Iron Ore results and slightly higher Lithium earnings partially offset by higher exploration spending.
 Corporate expenses for the third quarter 1993 were $6.1 million, or $1.3 million lower, and for the first nine months of 1993 were $17.0 million, or $7.9 million lower, than the like periods in 1992. The quarter-to-quarter change is due mostly to lower employee related expenses. Changes in stock appreciation rights (SARs) expense accounted for about 70 percent of the year-to-date change.
 Interest, Equity, and Other expense was $9.5 million compared with $4.7 million in 1992. The increased expense reflects $2.6 million of higher net interest expense primarily associated with the $150 million 8- 3/8 percent 30-year Debentures issued in February. In addition, an equity loss of $3.6 million for Oakbridge, the Australian coal operations, resulted from an unrealized currency hedging loss of $3.2 million and heavy rains which hindered production. Year-to-date interest, equity, and other expense of $16.6 million was $4.2 million higher than in 1992 mostly due to the higher net interest expense.
 Cyprus continues to maintain a strong financial condition with long-term debt as a percent of total capitalization of 27.7, a ratio of current assets to current liabilities of 2.5 to 1.0, and a cash balance of $86 million at Sept. 30. Cyprus paid a regular quarterly dividend of 20 cents per share during the quarter.
 On Oct. 21, 1993, Cyprus announced the public offering of $250 million of 6-5/8 percent notes due in 2005. The net proceeds from the sale of the notes will be used for general corporate purposes, which Cyprus expects to help fund approximately $350 million of debt repayments and refinancings which Cyprus Amax plans by the end of next year. In combination, these actions are expected to reduce annual interest requirements of the merged Cyprus and Amax companies by as much as $20 million.
 Cyprus Minerals, headquartered in Englewood, Colo., is a major producer of copper, coal and lithium. The company also produces iron ore and molybdenum. Cyprus and Amax shareholder meetings to vote on the merger of the two mining companies are scheduled for Nov. 12, 1993 in New York.
 CYPRUS MINERALS CO.
 Consolidated Statement of Income
 Three and Nine Months Ended Sept. 30
 (In Millions, Except Per Share Data)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenue $ 393.6 $ 431.7 $1,221.9 $1,233.7
 Costs and Expenses 364.1 377.1 1,063.2 1,564.7
 Income (Loss) From
 Operations 29.5 54.6 158.7 (331.0)
 Interest Income 1.3 .8 4.5 2.3
 Interest Expense (8.0) (4.8) (22.3) (15.2)
 Capitalized Interest .2 - .2 3.1
 Equity Investments
 and Other (3.0) (.8) 1.0 (5.7)
 Income (Loss) Before
 Income Taxes 20.0 49.8 142.1 (346.5)
 Income Tax (Provision)
 Benefit (5.7) (10.0) (34.2) 86.3
 Income (Loss) Before
 Cumulative Effect of
 Accounting Change 14.3 39.8 107.9 (260.2)
 Cumulative Effect of
 Accounting Changes for
 Benefits
 (Net of Tax) - - - (87.6)
 Net Income (Loss) 14.3 39.8 107.9 (347.8)
 Preferred Stock
 Dividends - (3.7) - (11.1)
 Income (Loss)
 Applicable to
 Common Shares $ 14.3 $ 36.1 $ 107.9 $ (358.9)
 Earnings (Loss)
 Per Common Share $ .30 $ .92 $ 2.28 $ (9.18)
 Excludes 1993 Sale of LTV Claim, and 1992 Second Quarter Write-downs
 and First Quarter Reorganization Expenses and Cumulative Effect of
 Accounting for Benefits ("Special Items").
 Net Income $ 14.3 $ 39.8 $ 32.9 $ 74.0
 Preferred Stock
 Dividends - (3.7) - (11.1)
 Income Applicable to
 Common Shares $ 14.3 $ 36.1 $ 32.9 $ 62.9
 Earnings Per
 Common Share $ .30 $ .92 $ .69 $ 1.60
 Weighted Average Common
 Shares Outstanding
 (In Thousands) 47,290 39,293 47,317 39,149
 Common Shares
 Outstanding at End
 of Period 47,293 39,337
 Note: The financial results for 1992 have been restated to reflect
 the retroactive application of accounting changes for
 postretirement and postemployment benefits (SFAS 106 and
 SFAS 112).
 CYPRUS MINERALS CO.
 Financial Summary by Business Segment
 Includes 1993 Sale of LTV Claim and 1992 Write-downs and
 Reorganization Expense in Segments
 Three and Nine Months Ended Sept. 30
 (In Millions)
 Three Months Ended Sept. 30,
 Sales Earnings from
 Revenue Operations
 1993 1992 1993 1992
 Copper $204.6 $239.6 $ 28.7 $46.9
 Coal 132.3 127.7 3.7 17.2
 Other Minerals 56.7 64.4 3.2 (2.2)
 Total $393.6 $431.7 35.6 61.9
 Corporate (6.1) (7.4)
 Interest, Equity and Other (9.5) (4.7)
 Income (Loss) Before Income Taxes 20.0 49.8
 Income Tax (Provision) Benefit (5.7) (10.0)
 Net Income (Loss) Before Cumulative
 Effect of Accounting Changes 14.3 39.8
 Cumulative Effect of Accounting Changes - -
 Net Income (Loss) $ 14.3 $39.8
 Nine Months Ended Sept. 30,
 Sales Earnings from
 Revenue Operations
 1993 1992 1993 1992
 Copper $ 598.2 $ 675.6 $ 32.9 $ 17.5
 Coal 456.8 340.5 127.3 (274.4)
 Other Minerals 166.9 217.6 15.5 (37.1)
 Total $1,221.9 $1,233.7 175.7 (294.0)
 Corporate (17.0) (37.0)
 Interest, Equity and Other (16.6) (15.5)
 Income (Loss) Before Income Taxes 142.1 (346.5)
 Income Tax (Provision) Benefit (34.2) 86.3
 Net Income (Loss) Before Cumulative
 Effect of Accounting Changes 107.9 (260.2)
 Cumulative Effect of Accounting Changes - (87.6)
 Net Income (Loss) $107.9 $(347.8)
 Financial Summary by Business Segment
 Excludes 1993 Sale of LTV Claim and 1992 Write-downs and
 Reorganization Expense in Segments
 Three and Nine Months Ended Sept. 30
 (In Millions)
 Three Months Ended Sept. 30,
 Sales Earnings from
 Revenue Operations
 1993 1992 1993 1992
 Copper $204.6 $239.6 $ 28.7 $46.9
 Coal 132.3 127.7 3.7 17.2
 Other Minerals 56.7 64.4 3.2 (2.2)
 Total $393.6 $431.7 35.6 61.9
 Corporate (6.1) (7.4)
 Interest, Equity and Other (9.5) (4.7)
 Income Before Income Taxes 20.0 49.8
 Income Tax (Provision) Benefit (5.7) (10.0)
 Subtotal Earnings
 Before Special Items 14.3 39.8
 Sale of LTV Claim, Net of Tax - -
 Write-downs and Reorg. Expense (Net of Tax) - -
 Net Income (Loss) Before Cumulative
 Effect of Accounting Changes 14.3 39.8
 Cumulative Effect of Accounting Changes - -
 Net Income (Loss) $ 14.3 $39.8
 Note: The financial results for 1992 have been restated to reflect
 the retroactive application of accounting changes for
 postretirement and postemployment benefits (SFAS 106 and
 SFAS 112).
 Nine Months Ended Sept. 30,
 Sales Earnings from
 Revenue Operations
 1993 1992 1993 1992
 Copper $ 598.2 $ 675.6 $ 32.9 $ 91.8
 Coal 352.4 340.5 22.9 33.6
 Other Minerals 166.9 217.6 15.5 4.4
 Total $1,117.5 $1,233.7 71.3 129.8
 Corporate (17.0) (24.9)
 Interest, Equity and Other (16.6) (12.4)
 Income Before Income Taxes 37.7 92.5
 Income Tax (Provision) Benefit (4.8) (18.5)
 Subtotal Earnings
 Before Special Items 32.9 74.0
 Sale of LTV Claim, Net of Tax 75.0 -
 Write-downs and Reorg. Expense (Net of Tax) - (334.2)
 Net Income (Loss) Before Cumulative
 Effect of Accounting Changes 107.9 (260.2)
 Cumulative Effect of Accounting Changes - (87.6)
 Net Income (Loss) $107.9 $(347.8)
 Note: The financial results for 1992 have been restated to reflect
 the retroactive application of accounting changes for
 postretirement and postemployment benefits (SFAS 106 and
 SFAS 112).
 CYPRUS MINERALS CO.
 Consolidated Balance Sheet
 (In Millions)
 Sept. 30, Dec. 31,
 1993 1992
 ASSETS
 Cash and Cash Equivalents $ 86.0 $ 89.6
 Accounts and Notes
 Receivable, Net 180.5 146.3
 Inventories 284.8 307.2
 Prepaid Expenses 41.8 40.9
 Deferred Income Taxes 5.9 10.3
 Total Current Assets 599.0 594.3
 Properties - At Cost, Net 1,143.9 974.7
 Deferred Income Taxes 55.8 64.6
 Investments & Other Assets 130.0 49.6
 Total Assets $1,928.7 $ 1,683.2
 LIABILITIES and SHAREHOLDERS' EQUITY
 Current Liabilities $ 240.1 $ 257.9
 Long-Term Debt 383.6 232.3
 Deferred Employee
 and Retiree Benefits 173.3 134.8
 Deferred Closure, Reclamation
 and Environmental 69.8 72.6
 Deferred Income Taxes 20.7 20.1
 Other Noncurrent Liabilities
 and Deferred Credits 41.5 42.5
 Total Shareholders' Equity 999.7 923.0
 Total Liabilities and
 Shareholders' Equity $1,928.7 $ 1,683.2
 Working Capital Ratio 2.5 2.3
 Long-Term Debt as a percent of
 Total Capitalization 27.7 pct. 20.1 pct.
 CYPRUS MINERALS CO.
 Consolidated Statement of Cash Flows
 Nine Months Ended Sept. 30
 (In Millions)
 Nine Months Ended
 Sept. 30,
 1993 1992
 Operating Activities
 Net Income (Loss) $ 107.9 $(347.8)
 Adjustments to Reconcile Net
 Income to Net Cash Provided
 by Operating Activities:
 Cumulative Effect of
 Accounting Changes - 87.6
 Depreciation, Depletion,
 and Amortization 84.9 93.9
 Write-downs - 410.4
 Deferred Income Taxes 12.6 (103.1)
 Gain on Sale of LTV Claim (104.4) -
 Changes in Assets and
 Liabilities Net of Effects
 from Businesses Acquired/Sold (65.3) (72.2)
 Other 7.7 28.1
 Net Cash Provided by
 Operating Activities 43.4 96.9
 Investing Activities(a)
 Capital Expenditures
 and Acquisitions (334.7) (119.8)
 Capitalized Interest (.2) (3.1)
 Proceeds from Sale of Assets 183.4 81.2
 Net Cash Used for
 Investing Activities (151.5) (41.7)
 Financing Activities(a)
 Net Proceeds from Issuance of
 Long-Term Debt 147.0 -
 Payments on Long-Term Debt (11.6) (6.3)
 Stock Activity, Net (2.5) 5.6
 Dividends Paid (28.4) (34.5)
 Net Cash Provided by (Used for)
 Financing Activities 104.5 (35.2)
 Net Increase (Decrease) in Cash
 and Cash Equivalents (3.6) 20.0
 Cash and Cash Equivalents
 at Beginning of Year 89.6 79.0
 Cash and Cash Equivalents
 at End of Period $ 86.0 $ 99.0
 (a) For purposes of this statement, investing and financing
 activities are reported on a cash basis rather than on an
 accrual basis of accounting.
 Note: The financial results for 1992 have been restated to reflect
 the retroactive application of accounting changes for
 postretirement and postemployment benefits (SFAS 106 and
 SFAS 112).
 CYPRUS MINERALS CO.
 Key Operating Data
 Three and Nine Months Ended Sept. 30
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Copper Segment
 Sales Volume
 - Millions of Lbs. 191 194 542 574
 Produced Copper Sold
 - Millions of Lbs. 171 170 446 428
 Selwyn Copper Sales
 - Millions of Lbs. - 6 5 13
 Molybdenum Sales
 - Millions of Lbs. 8 9 25 26
 Copper Production
 - Millions of Lbs. 158 169 458 486
 SX-EW Production
 - Millions of Lbs. 41 51 116 148
 Sulfide Production
 - Millions of Lbs. 117 114 338 327
 Selwyn Production
 - Millions of Lbs. - 4 4 11
 Average Realization
 - $/Lb. of Copper 0.94 1.11 0.95 1.05
 Cash Cost - $/Lb. 0.69 0.73 0.75 0.73
 Full Cost - $/Lb. 0.74 0.79 0.79 0.79
 Bagdad
 Production
 - Millions of Lbs. 60.5 55.8 161.0 162.6
 Material Mined
 - Millions of Tons 17.3 13.1 49.3 37.4
 Ore Mined
 - Millions of Tons 6.7 7.2 20.8 21.6
 Stripping Ratio - pct.1.50 0.82 1.33 0.73
 Ore Milled
 - Millions of Tons 6.5 6.9 19.4 20.6
 Ore Grade - pct. 0.59 0.42 0.54 0.41
 Miami
 Production
 - Millions of Lbs. 27.7 32.0 85.4 93.9
 Material Mined
 - Millions of Tons 17.2 13.7 42.3 37.7
 Ore Mined
 - Millions of Tons 8.5 7.9 20.5 22.0
 Stripping Ratio - pct.1.03 0.73 1.07 0.71
 Ore Grade - pct. 0.32 0.40 0.35 0.43
 Sierrita
 Production
 - Millions of Lbs. 64.3 73.8 193.0 210.4
 Material Mined
 - Millions of Tons 17.0 19.2 53.2 57.3
 Ore Mined
 - Millions of Tons 8.2 9.6 26.2 28.9
 Stripping Ratio
 - Sierrita pct. 0.82 1.04 0.89 0.98
 Stripping Ratio
 - Twin Buttes pct. 3.91 0.55 1.47 0.72
 Ore Milled
 - Millions of Tons 8.9 8.7 26.5 26.2
 Ore Grade - pct. 0.38 0.40 0.39 0.38
 CYPRUS MINERALS CO.
 Key Operating Data
 Three and Nine Months Ended Sept. 30
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Coal Segment
 Sales Volume
 - Millions of Tons 5.5 5.3 14.7 13.8
 East 3.1 2.7 7.8 7.3
 West 2.4 2.6 6.9 6.5
 Oakbridge 1.4 - 1.7 -
 Total Average
 Realization
 - $/Ton 22.78 23.32 23.12 23.91
 East Average
 Contract Price
 - $/Ton 30.67 30.89 30.42 31.19
 East Average
 Spot Price
 - $/Ton 22.25 21.29 22.29 22.00
 West Average
 Contract Price
 - $/Ton 19.83 20.26 20.20 20.15
 West Average
 Spot Price
 - $/Ton 14.27 14.78 14.25 15.05
 Average Unit Cost
 - $/Ton 22.73 19.73 21.64 20.97
 Production
 - Millions of Tons 6.6 5.0 16.1 14.2
 Eastern Properties
 Emerald 0.6 0.9 2.3 2.6
 Cumberland 0.7 - 0.9 -
 Kentucky 1.3 1.2 3.3 3.5
 Kanawha 0.3 0.4 1.0 1.2
 Total Eastern 2.9 2.5 7.5 7.3
 Western Properties
 Plateau 0.7 0.6 1.9 1.8
 Twentymile 0.8 0.9 2.6 2.5
 Empire 0.1 0.3 0.2 0.7
 Orchard Valley 0.3 0.3 0.9 0.8
 Shoshone 0.4 0.4 1.3 1.1
 Total Western 2.3 2.5 6.9 6.9
 Oakbridge
 - Millions of Tons
 (40 percent Share) 1.4 - 1.7 -
 Lithium
 Sales Volume
 - Millions of Lbs.
 Carbonate Equiv. 7.2 8.0 23.5 23.7
 Iron Ore
 Sales Volume
 - Thousands of
 Long Tons 1,299 423 2,434 1,128
 Gold
 Sales Volume
 - Thousands of
 Ounces 6.0 64.0 101.1 169.1
 Gold Price
 - $/Ounce 374.0 362.0 354.0 365.0
 -0- 10/28/93
 /CONTACT: Richard H. Hagman (financial), 303-643-5362; or Mike Rounds (media), 303-643-5186, both of Cyprus Minerals/
 (CYM)


CO: Cyprus Minerals Co. ST: Colorado IN: MNG SU: ERN

BB -- DV005 -- 8231 10/28/93 18:34 EDT
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