28th Feb 2019 14:13
LONDON (Alliance News) - Thor Mining PLC on Thursday said its interim loss narrowed as exploration expenses reduced significantly.
For the six months to the end of 2018, the miner posted a pretax loss of GBP406,000 compared to GBP540,000 in the comparative period a year ago.
This was due to exploration expenses falling to GBP16,000 compared to GBP159,000 a year ago. Administrative and corporate expenses were broadly in line with last year.
As it is an exploration company, Thor did not generate any revenue for the half.
Thor Mining shares were trading down 6.1% at 1.03 pence each.
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