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Tungsten West PLC - owner and operator of Hemerdon tungsten and tin mine in Plymouth - In the financial year that ended March 31, pretax loss widens to £13.0 million from £8.0 million the previous year. Revenue surges to £673,509 from £40,170, but administrative expenses more than double to £8.0 million from £3.7 million. Says results were in line with board expectations. Notes ‘significant’ preparation made for the recommencement of mining operations at Hemerdon during the year. Says it has been hurt by an inflationary environment and expects increased input costs to continue.
Current stock price: 28.89 pence, down 5.3% in London on Monday
12-month change: down 52% from October 2021 listing price of 60p
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