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LionGold’s 3Q net loss widens to $12.5 million

PC Lee Published on Tue, Feb 10, 2015 / 7:44 PM GMT+8

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SINGAPORE (Feb 10): Beleageured LionGold said net loss for 3Q widened to $12.5 million from $10.9 million a year ago, due to an increase in expenses.

Other expenses surged to $16.7 million, compared with just $3.22 million a year ago, due mainly to a $10.5 million loss on disposal of subsidiaries.

The gold miner said it continues to face challenges with weak gold prices, depressed share prices for shares in the company and a challenging fundraising environment.

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