Tungsten West plc said its recorded losses of nearly £5 million was in line with expectations for the current stage of the tin-tungsten project at Hemerdon Mine in Devon. FINANCES In its half-year results for the six months ended 30 September 2021, the company’s losses were £4,990,226 (2020: £3,631,500) with administrative expenses of £1,763,573 (2020: […]
Tag: financial results
Galantas increases Q1 2021 concentrate shipment
Galantas Gold Corporation increased shipment of concentrate and slightly narrowed losses for the start of the year at Cavanacaw gold mine in Omagh, Northern Ireland. In its unaudited financial results ended 31 March 2021, the Canadian miner recorded a net loss of C$639,963 (Q1 2020: C$680,315). The miner recorded no revenue and held cash of […]
Hummingbird on course to clear debt
Hummingbird Resources plc posted a stronger balance sheet and net cash position despite less gold produced from its projects in West Africa. EARN-IN The company faced higher costs and lower-than-expected gold production at Yanfolila due to Covid-19, a change in the mine plan, a coup in Mali which affected logistics, and extreme weather. For full year […]
Cornish Metals narrows losses
Cornish Metals Inc ended its last financial year with a low cash balance but narrowed losses at its copper-tin projects in South Crofty and United Downs, Cornwall. In its financial results for the year ended 31 January 2021, the Canadian exploration and development company recorded a cash balance of CA$353,601 [£207,000] (31 Jan 2020: $1,305,253). […]
Union Jack in ‘sound financial health ‘
Union Jack Oil plc said it was in sound financial health and on course to becoming a significant principally onshore mid-tier UK oil and gas producer. In its financial results for for the year ended 31 December 2020, the company reported increased revenue of £158,004 (2019: £136,959) from production income at Keddington and the Fiskerton […]
Condor Gold holds £6.3m as it nears shovel-ready status at La India
Condor Gold plc said it had made significant progress during the first quarter of 2021 in preparation for “shovel ready” status at La India project in Nicaragua. In its unaudited financial results for Q1 2021, the junior miner said it held a strong cash balance of £6,278,947 million (Q1 2020: £1,736,695). Total comprehensive loss was […]