1st Jun 2018 11:26
LONDON (Alliance News) - W Resources PLC said Friday its loss for 2017 narrowed as it progresses work on the completion of its Spanish tungsten mine.
The exploration company reported a pretax loss of GBP732,000 versus GBP854,000 in 2016. As it is an exploration company, W Resources did not report revenue for 2017. In 2016 the company generated revenue of GBP140,000.
The company said its main focus is currently the completion and commissioning of La Parrilla, its tungsten and tin mine in south-western Spain.
Other developments in the tungsten, copper and gold market in Portugal are still being carried out by the company.
W Resources shares were trading 0.6% higher at 0.47 pence each.
Related Shares:
WRES.L