Panthera Resources “tremendous progress made over the course of the reporting period”
7:30 am
Panthera Resources PLC (LON:PAT), the gold exploration and development company with key assets in West Africa and India, has announced its unaudited interim results for the half year ended 30 September 2020.
Highlights
· Earnings for the reporting period of $2,224,437 or $0.03 per share, a substantial improvement on the previous corresponding period loss of $659,348 or $0.01 per share. The improvement resulted from the divestment of the Company’s interest in the Labola project to Moydow Holdings Limited (Moydow).
· Entered an agreement with Moydow to spinout our interests in the Labola gold project in south west Burkina Faso and the Kalaka gold project in south west Mali, whilst retaining a significant interest in Moydow.