IN BRIEF: Blue Jay Mining posts no revenue, sales costs narrow

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Bluejay Mining PLC - London-based metals mining company with operations in Greenland and Finland - Posts no revenue in 2023, but sees sales costs narrow to £213,523 from £629,930 in 2022. Gross profit slides 66% to £213,523 from £629,930. Operating loss widens to £2.2 million from £139,551. Ended year with loss of 16 pence per diluted share. Total loss amounted to £2.5 million, narrowed from £3.2 million. Ended year with cash and cash equivalents of £200,700. Moving forward, notes its January 2024 equity subscription of £1.2 million and development of its Dundas Ilmenite Project in Greenland.

Current share price: 0.29 pence

12-month change: down 84%

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