SolGold PLC - Ecuador-focused exploration company - pretax loss narrows to $9.5 million in the three months to December 31 from $14.9 million a year prior. Bottom line benefits from drop in exploration costs write-offs to just $41,611 from $8.2 million a year ago. Administrative expenses rise though to $4.2 million from $2.6 million.
‘SolGold remains focused on advancing Cascabel towards a feasibility study. Key priorities include advancing project de-risking with G Mining Services, progressing the three-stream permitting strategy towards an ESIA, strengthening strategic partnerships, and evaluating additional financing options. The company remains committed to delivering sustainable value for stakeholders,’ company says in a statement.
Current stock price: 6.80 pence, down 4.6% in London on Friday
12-month change: down 4.0%
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