Cygnus Gold Limited Reports Earnings Results for the Half Year Ended 30 June 2017
January 10, 2018 at 11:22 pm
Cygnus Gold Limited reported earnings results for the half year ended 30 June 2017. For the period, the company reported revenues of $1,896 as compared to $809 same period last year. Loss before income tax was $274,635 as compared to $21,527 same period last year. Loss was $274,635 or loss per share of $1.00 as compared to $21,527 or loss per share of $0.43 same period last year. Net cash used in operating activities was $220,591 as compared to $21,436 same period last year. Purchase property, plant and equipment was $7,933. Payments for capitalised exploration expenditure were $285,273.