MK Gold Company Reports 2000 Year End Results.

Publication: Business Wire

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COPYRIGHT 2001 Business Wire

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--March 30, 2001

MK Gold Company (OTCBB:MKAU) today reported results of operations for the year ended December 31, 2000.

The Company reported net income of $1.0 million ($0.03 per share) for the year ended December 31, 2000 on revenues of $17.4 million, compared to a net loss of $1.5 million ($0.06 per share) for the year ended December 31, 1999 on revenues of $19.5 million. The improvement in profitability was primarily due to the Company's hedging program, which enabled the Company to sell gold at a higher average price.

During 2000, the Company's efforts were focused on the Las Cruces Copper Project located in southwestern Spain. The project was designed to a high standard of environmental care as demonstrated by an environmental impact study produced by FRASA Ingenieros Consultores,...

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