Asiamet Resources (ARS LN) has announced interim results which highlight the company’s strong H1 2016. With the majority of the PEA costs completed in advance of the period, the net loss was narrowed to US$0.8m from US$5.4m in H1 2015. As well as the reduction in exploration expenditure of US$570k, the prior period was affected by a significant impairment of US$3.8m as a consequence of the weakness in commodity prices.
25 Aug 2016
VSA Morning Miner
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Asiamet Resources Limited (ARS:LON) | 0.6 0 0.0% | Mkt Cap: 15.6m
- Published:
25 Aug 2016 -
Author:
Oliver O’Donnell -
Pages:
3
Asiamet Resources (ARS LN) has announced interim results which highlight the company’s strong H1 2016. With the majority of the PEA costs completed in advance of the period, the net loss was narrowed to US$0.8m from US$5.4m in H1 2015. As well as the reduction in exploration expenditure of US$570k, the prior period was affected by a significant impairment of US$3.8m as a consequence of the weakness in commodity prices.