Golden Prospect Precious Metals Ltd. Reports Audited Earnings Results for the Year Ended December 31, 2015
Golden Prospect Precious Metals Ltd. reported audited earnings results for the year ended December 31, 2015. For the year, the company reported net investment losses of £4,485,684 compared to £3,759,232 reported in the same period last year. Operating loss was £4,997,867 against £4,318,626 reported last year. Loss for the year before tax was £5,047,421 against £4,413,964 reported last year. Total comprehensive loss was £5,105,071 against £4,438,767 reported last year. Basic and diluted loss per ordinary share was 8.96 pence against 7.79 pence reported last year. Net cash generated from operating activities was £1,218,419 against net cash used in operating activities of £395,400 reported last year.