April 29, 2024

Foran Mining posts $1.8M loss in fiscal 2011

VANCOUVER - Foran Mining Corporation (TSXV:FOM) says an increase in balance sheet charges for compensation was the main factor behind a significant increase in its net loss in fiscal 2011.The Vancouver-based exploration miner said its net loss in the year ended Sept. 30 was $ 1.8 million or four cents per share.That was up from a net loss of $ … [Read more...]