LONDON (Thomson Financial) - Mercator Gold PLC reported a first-half pretax
loss that more than tripled from last year, reflecting the cost of establishing
commercial gold production at Meekatharra, encompassing the re-commissioning of
the Bluebird mill.
The gold exploration company posted a pretax loss of about 3.56 million
pounds for the six months to Dec. 31, 2007, compared with a loss of about 1.015
million pounds in 2006.
The company said it sold 7,028 ounces of gold in the first half, yielding a
revenue of A$6.4 million, at an average price realised per ounce of A$912.
Mercator said its intends to list its shares on the Australian Stock
Exchange in the next 12 weeks.
The company added that it is in "excellent" shape, focusing on production,
growth and exploration in Meekatharra according to plan.
TFN.newsdesk@thomson.com
kal/sal
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