American Pacific Mint Narrows Quarterly Loss
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American Pacific Mint, a Woodland Hills precious metals company, said it narrowed its loss during the second quarter to $14,582 from a $40,297 loss a year earlier on a 73% drop in sales, to $2.95 million from $11 million.
For the six months ended June 30, American Mint’s loss widened to $101,664 from $85,528 a year earlier. Sales for the first half of the year totaled $9.92 million, down 61% from $25.4 million last year.
The company attributed the lower sales to the sale of its interest in Alaska Precious Metals Ltd. in the second quarter.
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