G3 Exploration Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
June 07, 2018 at 02:00 am EDT
G3 Exploration Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported loss from operations of USD 4,131,000 compared to USD 4,956,000 a year ago. Loss before income tax was USD 17,100,000 compared to USD 21,488,000 a year ago. Loss for the year from continuing operations was USD 17,054,000 or USD 0.109 per basic and diluted share compared to USD 21,438,000 or USD 0.138 per basic and diluted share a year ago. Loss for the year attributable to owners of the company was USD 24,576,000 or USD 0.158 per basic and diluted share compared to USD 12,052,000 or USD 0.077 per basic and diluted share a year ago. Net cash generated from operating activities was USD 17,526,000 compared to USD 8,489,000 a year ago. Payments for exploration activities was USD 6,259,000 compared to USD 10,468,000 a year ago.