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Landore Resources narrowed annual losses on a decline in exploration costs.
For the year to 31 December 2019, pre-tax losses narrowed to £2.1m from £2.8m on-year as exploration costs fell to £1.2m from £2m.
Operating expenses were in line with its budgets and expectations, the company said.
In July 2020, the company raised a further £2.8m through the issuance of shares to 'support the continued development of the identified BAM gold resource and the completion of a further exploration programme along strike to other known gold prospects,' Landore Resources said.
At 9:45am: (LON:LND) Landore Resources Ltd share price was -0.05p at 1.13p