Ormonde Mining plc’s “significant reductions” in management salaries resulted in more than halving losses from its base and precious metal operations in Spain. FINANCES For the six months ended 30 June 2022 the company’s results showed post-tax losses of €363,000 (2021: €630,000 loss). Ormonde held €3.4m in cash (€3.7m at 31 Dec 2021). OPERATIONS The company conditionally sold La Zarza for €2.3 […]
Tag: Ormonde Mining plc
Ormonde enters conditional €2.3m sale of La Zarza interests
Ormonde Mining plc has signed a conditional framework agreement for the €2.3 million sale of its interests in the La Zarza copper-gold project in Spain. TRANSACTION The transaction is with La Zarza Mineria Metalica S.L.U, a subsidiary of Spanish company Tharsis Mining S.L, which controls the mining rights to La Zarza. The sale comprises Ormonde’s […]
Ormonde reviews Africa-Europe opportunities
Ormonde Mining plc said it was reviewing a range of new opportunities for base and precious metals, battery metals and precious stones in Africa and Europe. FINANCES The company made the announcement in its final results for the year ended 31 December 2021 which showed a total comprehensive loss of €1.6 million, including €400,000 asset […]