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Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Reports widened loss in 2021 as costs increase. Pretax loss increases to £4.0 million from £2.6 million in 2020. Exploration costs double to £2.9 million from £1.3 million. Firm started drilling at its Bam gold project at Junior Lake in Ontario, Canada in late May. ‘The group has no debt and believes it is capable of continuing to raise further equity as needed to carry out its development plans,’ Landore says.
Current stock price: 20.50 pence, down 3.6% on Wednesday
12-month change: down 33%
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