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Falconbridge enjoys increased profits.

Falconbridge enjoys increased profits

Falconbridge Gold Corp. saw first-quarter net profits increase over figures posted during the same period last year.

According to published reports, the company announced profits totalling $1.4 million, a $600,000 hike over 1989 figures. Dividends for both periods were 10 cents per share.

Last year was the company's first as a publicly traded company. Falconbridge Gold was spun off from Toronto-based Falconbridge Ltd., which was acquired by Noranda Inc. and Trelleborg AB last fall.
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Title Annotation:Quarterly Results; Falconbridge Gold Corp.
Publication:Northern Ontario Business
Date:Jun 1, 1990
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