Scotgold Resources Ltd doubled losses while increasing revenue from the start of production at the Cononish gold and silver mine near Tyndrum, Scotland. FINANCES The company’s annual results for year ended 30 June 2022 showed total revenues rose to A$17.8 million / £9.9m for 2022 (2021: A$300,000/£166,000) Loss before taxation increased to A$10.8m / £6m (2021: A$5m […]
Tag: company results
Orcadian looks to raise funds after losses increase
Orcadian Energy plc said it would need further funding after recording more than a five-fold increase in losses from its Central North Sea operations. FINANCES The company holds four licences, East and North East of Aberdeen, of which the Pilot field is the largest. Results for the year ended 30 June 2022 reflected investment in […]
Sunrise to advance projects after increase in losses
Sunrise Resources plc said it would continue to advance its projects after it recorded an increase in losses including impairment of exploration assets in Australia and the USA. FINANCES The group is not yet producing minerals from its perlite, pozzalan and sepiolite assets in Nevada and gold in Australia, and has no income other than […]
Tertiary prepares for exploration after losses double
Tertiary Minerals plc reported £1 million losses including the impairment for the Pyramid project as the company looks to further exploration next year in the USA and Zambia. FINANCES The company holds early stage assets in Zambia where it completed its first full year of exploration, and Nevada in the USA as well as legacy […]
Tungsten West spending and losses rise
Tungsten West plc recorded a loss of £5.1 million and increased spending to £6.4m during the first half of 2022 at its Hemerdon tin-tungsten project near Plymouth in Devon. EXPECTATIONS The group’s H1 results for the six months ended 30 September 2022 were marked by the departure of co-founder and chief executive Max Denning and […]
Corcel reports increase in costs while losses widen
Corcel plc reported widening losses at the end of year in which it expanded its metals assets in Papua New Guinea (PNG). FINANCES Final audited results for the year ended 30 June 2022 show losses of £2.1 million (2021: 1.2m). Administrative costs rose to £1.26m (2021: 1.0m) reflecting increased insurance costs, professional services costs, share […]