RE:RE:Losses You should try reading their news releases.....Here's a few quotes....
"President and CEO, Dustin Angelo, stated, "There were several bright spots in a quarter where the Company did not achieve its desired gold production level, thus generating lacklustre financial results."
"The Company succeeded in raising over $2 million in flow through equity financing for a 17,000-metre drill program and securing a $1.5M credit facility with The Royal Bank of Canada to allow for greater financial flexibility."
You could interpret this by saying the company didn't make enough money to fund it's operations out of production so they diluted the shareholders tens of millions of shares to keep the company afloat.....
"Earnings over the comparative periods were negatively impacted as a result of lower gold sales of $866,064 and higher milling costs of $70,029."
In other words... they sold less gold and it cost them more to mine it......No worries.... they can always do another financing to raise cash and further dilute the shareholders.