Share Prices & Company Research

Market News

01 Oct 2019 | 14:49

Europa Metals losses deepen due to exploration spending

Europe-focused zinc explorer Europa Metals booked a deeper full-year loss owing to higher exploration spending.

Pre-tax losses for the year through June amounted to $2.4m, compared to losses of $1.9m on-year.

'The first half of 2019 saw Europa Metals adapt to challenging equity market conditions and lay the foundations for what has been a successful exploration programme,' chairman Colin Bird said.

Bird said the company had recently completed, and announced assay results in respect of its latest drill campaign into the high-grade area of its Toral lead, zinc and silver project in Spain.

'The company is targeting its first independent Indicated JORC (2012) resource estimate and awaiting metallurgical testwork results in order to make an initial determination of potential future concentrate products to enable preliminary marketing discussions to occur with third party concentrate buyers such as smelters and trading houses,' he said. At 2:49pm: (LON:EUZ) Europa Metals Ltd Ord Npv Di share price was +0p at 0.03p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.