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
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, [...]
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
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
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
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
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