1st Feb 2022 10:51
(Alliance News) - Orosur Mining Inc said on Monday it had narrowed its losses during its first half of financial 2022.
The South American-focused gold developer and explorer said its second quarter ending November 30 saw a net loss of GBP255,000 narrowing slightly year-on-year from a loss of GBP264,000.
This brought Orosur's first-half ending November 30 to a net loss GBP440,000 which narrowed from the previous year which saw a loss of GBP545,000. Orosur did not generate any revenue in either period.
It had GBP5.3 million in cash on November 30, up from GBP1.5 million on November 30, 2020.
Shares in the Vancouver-based company were down 2.5% to 11.94 pence each in London on Tuesday morning.
By Elizabeth Winter; [email protected]
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