| Business Summary | | TVX
Gold,
Inc.
is
principally
engaged
in
the
acquisition,
financing,
exploration,
development
and
operation
of
precious
metals
properties.
The
Company's
precious
metal
mining
business
is
conducted
in
five
existing
mines
in
North
and
South
America
and
two
development
projects
in
Greece.
The
principal
products
produced
by
the
operating
mines
are
gold
and
silver.
Gold
and
silver
produced
are
sold
on
the
international
market
to
refineries,
precious
metal
traders
and
financial
institutions.
Lead
and
zinc
concentrates
are
being
produced
at
the
Company's
Madem
Lakkos
Mine
in
Greece.
Upon
the
construction
of
oxidizing
facilities
for
the
gold-rich
sulphides,
the
production
of
gold
will
commence
at
the
development
project
known
as
Olympics,
and,
at
the
development
project
known
as
Skouries,
gold
will
be
produced
with
copper
in
concentrate
form. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TVX
is
a
mining
concern
with
a
portfolio
of
assets
comprising
five
existing
operations
in
North
and
South
America,
and
two
advanced
stage
projects
in
Greece.
The
existing
mines
produce
509
thousand
troy
ounces
of
gold
annually
at
an
average
cost
below
$190.
For
the
three
months
ended
3/31/01,
revenues
fell
7%
to
$39.3
million.
Net
income
fell
7%
to
$3.7
million.
Results
reflect
lower
gold
equivalent
production
and
lower
realized
gold
and
silver
prices
and
decreased
gross
margin. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
39,963;
after
tax
earnings
were
-2,532. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | George Michals | Chairman | Sean Harvey | Pres,
CEO, Director | Albrecht Schneider | Sr.
VP - Exploration | R. Gregory Laing | VP-
Legal and Sec. | Malvyn Williams | VP-
Fin. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|