1st Nov 2013 11:01
LONDON (Alliance News) - Tri-Star Resources PLC Friday reported a pretax loss of GBP1.2 million for the third quarter, up from GBP789,000 a year earlier as it significantly increased exploration spending and administration costs.
The antimony development company doesn't earn any revenues yet, so its losses are down to the amount it spends and finance costs. It is currently working with partners to develop a roaster in Oman and just completed the acquisition of a Canadian mineral exploration company.
Tri-Star Resources shares last traded at 0.36 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
TSTR.L