South African gold exploration company Wits Gold has advised shareholders that it would post a basic loss a share in the 2009 financial year, as a result of a reduction in the fair value gain on financial assets and an rise in consulting fees and investor relation expenditure. For full story, click here
Continue reading "Wits Gold to declare FY loss"
Friday, May 1, 2009
Highland Gold Mining, the Russian-focused miner one-third-owned by Roman Abramovich, announced that it has made a pre-tax loss of $231m last year, compared with a $16m profit a year earlier. Mikhail Stiskin, analyst at Russian investment bank Troika Dialog, said: It’s a great deal for both companies. Highland was lacking the funds and, most important, [...]
Continue reading "Highland Gold Mining suffered $231 loss"
Friday, March 27, 2009
Mining company Apollo Gold Corp. declared to have incurred a net loss of $1.28 million in the fourth quarter of 2008, or zero a share, versus a profit of $2.51 million, or 2 cents a share, in the same period of 2007. For full story, click here
Continue reading "Apollo Gold reported net loss of $1.28mln for Q4, 2008"
Wednesday, February 25, 2009
Solomon Gold reported on wednesday that for the six months ended Dec. 31, net loss stood at A$450,655 versus a previous loss of A$725,448. For more information, click here
Continue reading "DJ Solomon Gold: 1H Net Loss A$450,655"
Saturday, November 8, 2008
St Andrew Goldfields Ltd. announced its earnings for the 3 months ended September 30, 2008, it reported a net loss of $5,273,355 or $0.02 per share as compared to a loss of $24,036,610 or $0.13 per share for the same period last year. For full story, click here For company’s website, click here
Continue reading "St Andrew posts Q3 Financial Results"
Friday, October 24, 2008
Gold prices dropped below $700 an ounce for the 1st time in over a year as rising dollar and stock markets meltdown forced investors to sell the yellow metal in order to pay losses. For full story, click here
Continue reading "Gold falls below $700 as investors sell to pay losses in equities"
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Monday, May 11, 2009