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SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Reports a pretax loss of $10.7 million in 2022, widened from $7.4 million in 2021, as administrative expenses jumped 82% to $7.8 million from $4.2 million. Records no revenue, unchanged from a year before. Needs to secure additional funding to continue its exploration and development programme and to continue to meet its obligations and liabilities. Says that it has secured funding in 2022 and is currently exploring further options for obtaining additional funding. Current stock price: 14.12 pence 12-month change: down 46% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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