Precious Metals Trader Posts 3rd-Quarter Loss

The American Pacific Mint Inc., a Woodland Hills precious metals trader and jewelry retailer, said it lost $19,382 in the third quarter ended Sept. 30, compared to a gain of $8,784 a year earlier. The company’s third-quarter revenues grew 81%, to $14 million from $7.7 million.

For the first nine months of the year, American Pacific showed a loss of $104,910, compared to a loss of $615,866 in the same period in 1989. The company’s nine-month revenues jumped 174%, to $39.4 million from $14.4 million a year ago.