Vast Resources Interim Loss Narrows Amid Favourable Currency Movements
Wed, 27th Jan 2021 14:37
(Alliance News) - Vast Resources PLC on Wednesday posted a narrowed interim pretax loss, helped by the mining company reporting a foreign exchange gain.
Vast, like a year earlier, did not report any revenue as its Baita Plai polymetallic mine in Romania did not begin sales during the six months ended October 31.
The AIM-listed firm's pretax loss slimmed to USD1.0 million from USD3.5 million a year earlier.
Vast reported a USD2.0 million foreign exchange gain, swinging from a USD773,000 loss.
In November, so after the end of the interim period, Vast concluded the first sale of concentrate from Baita Plai.