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NORD PACIFIC LIMITED ANNOUNCES SECOND QUARTER RESULTS

 NORD PACIFIC LIMITED ANNOUNCES SECOND QUARTER RESULTS
 HAMILTON, Bermuda, Aug. 17 /PRNewswire/ -- Nord Pacific Limited


(NASDAQ: NORPF) announced today a loss for the quarter ended June 30, 1992 of $510,000, or $.17 per share, as compared to a loss of $50,000, or $.02 per share, in the second quarter of 1991. In the first two quarters ended June 30, 1992, a net loss of $1,052,000, or $.35 per share, was reported compared to a loss of $329,000, or $.11 per share, for the first two quarters of 1991.
 General and administrative expense decreased in the 1992 first half to $796,000 from $1,033,000 in the same period in 1991. In the second quarter of 1992, general and administrative expense decreased to $354,000 from $559,000 in the second quarter of 1991.
 Interest expense increased in the 1992 second quarter to $115,000 from $97,000 in the second quarter of 1991. This was due to additional debt to the Girilambone Joint Venture partner, Straits Engineers Contracting PTE Ltd. Interest expense for the first two quarters of 1992 was $185,000 compared to $188,000 for the same period in 1991.
 A summary of the consolidated statement of operations follows:
 NORD PACIFIC LIMITED
 CONSOLIDATED STATEMENT OF OPERATIONS
 (In thousands except per share data)
 Quarter Ended Two Quarters Ended
 June 30, June 30,
 1992 1991 1992 1991
 Revenues $ 9 $1,379 $ 29 $2,455
 Net (Loss) $(510) $ (50) $(1,052) $ (329)
 Per Share (Loss) $(.17) $ (.02) $ (.35) $ (.11)
 Nord Pacific Limited is incorporated under the laws of Bermuda. It is engaged in the development of a copper mine in Australia, and in the exploration for precious metals, base metals and strategic minerals in Australia, Papua New Guinea, North America and Mexico.
 -0- 8/17/92
 /CONTACT: Pierce Carson, president; or James Rosel, vice president, both of Nord Pacific Limited, 505-884-8446/
 (NORPF) CO: Nord Pacific Limited ST: IN: MNG SU: ERN


BM -- CL006 -- 0492 08/17/92 12:03 EDT
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Date:Aug 17, 1992
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