8th Aug 2022 09:50
Tungsten West PLC - owner and operator of Hemerdon tungsten and tin mine in Plymouth - In the financial year that ended March 31, pretax loss widens to GBP13.0 million from GBP8.0 million the previous year. Revenue surges to GBP673,509 from GBP40,170, but administrative expenses more than double to GBP8.0 million from GBP3.7 million. Says results were in line with board expectations. Notes "significant" preparation made for the recommencement of mining operations at Hemerdon during the year. Says it has been hurt by an inflationary environment and expects increased input costs to continue. Read More
