Connemara Mining Narrows Net Loss
June 28 2016 - 5:18AM
Dow Jones News
By Alex MacDonald
LONDON--Ireland-focused metals miner Connemara Mining Co. PLC
(CON.LN) reported Tuesday a narrower full-year loss as it continues
to work on its gold projects in Ireland, including the drill
results for its Donegal project in the third quarter.
The company reported a net loss of EUR202,961 ($224,718) for the
year ended Dec. 31 compared with EUR308,292 the year, helped by to
lower administrative expenses.
The company is currently focused on completing the drilling
results for Ireland's Donegal gold project and then expects work to
begin on its Wicklow, Wexford block of gold licences.
The company has 35 gold and zinc licences in Ireland and has
joint ventures with Teck Resources Ltd. (TCK.A.T) of Canada on most
of its zinc licences and with Hendrick of Canada on its
Wicklow/Wexford gold licences.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
June 28, 2016 05:03 ET (09:03 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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