28th Feb 2019 11:13
LONDON (Alliance News) - Conroy Gold & Natural Resources PLC on Thursday said its interim loss narrowed as it continues to progress its exploration programme.
For the six months ended November 30, the Irish-based gold exploration company posted a pretax loss of EUR285,604 compared to EUR458,222 in the comparative period a year ago.
As it is an early-stage exploration company, Conroy did not generate any revenue for the half.
Conroy's main projects are in Ireland, while it also has interests in Finland.
"The initial drill programme was very successful and we used the extended one to build on those results. Further drilling is planned to increase the resource, and the environmental and other studies related to the projected mine development continue," Chair Richard Conroy said.
Conroy shares were trading down 4.2% at 8.50 pence each Thursday.
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