14th Feb 2023 18:31
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Reports a pretax loss of USD10.7 million in 2022, widened from USD7.4 million in 2021, as administrative expenses jumped 82% to USD7.8 million from USD4.2 million. Records no revenue, unchanged from a year before. Needs to secure additional funding to continue its exploration and development programme and to continue to meet its obligations and liabilities. Says that it has secured funding in 2022 and is currently exploring further options for obtaining additional funding.
Current stock price: 14.12 pence
12-month change: down 46%
By Abby Amoakuh, Alliance News reporter
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