https://www.miningweekly.com

Oracle Q4 net loss unchanged in Q1 at $2.2m

Oracle Q4 net loss unchanged in Q1 at $2.2m

Photo by Bloomberg

18th May 2015

By: Tracy Klückow

Creamer Media Contributing Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Dual-listed Oracle Mining Corp maintained a $2.2-million net loss for the quarter ended March 31, having reported the same result for the three months ended March 31, 2014.

The Vancouver, Canada-based corporation explained on Friday that the net loss for the period under review included a decrease of $0.4-million in general and administrative costs that were offset by an increase of $0.3-million in foreign exchange loss and a $0.1-million increase in interest expense.

The company’s net working capital as at March 31, 2015 was a deficiency of $6.5-million compared with a deficiency of $4.8-million on December 31, 2014.

Cash and cash equivalents at the end of the quarter were $1.7-million compared with $3.2-million in the fourth quarter of 2014.

Oracle was currently the sole owner and operator of Oracle Ridge Mining and the Oracle Ridge copper project, 24 km north-east of Tucson, Arizona.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.909s - 128pq - 2rq
Subscribe Now