Cornerstone Capital Resources Inc V.CGP

SolGold financials

[BSdetector2016]

HIGHLIGHTS
The Group achieved several milestones during the financial year ended 30 June 2022. These have helped to progress the development of SolGold, in particular the development of the Cascabel project and the exploration of the surrounding licence areas, and have included:

• Exploration and evaluation expenditure of US$66,294,083 for the year;
• Continued acquisition of US$3,836,561 in landholdings in the Cascabel project area in anticipation of infrastructure requirements for project development, with another US$561,293 spent on advance payments for critical land parcels;
• Operating loss after tax of US$1,701,565 representing a decrease of US$22,070,524 over the prior year. The decrease in the loss is attributable to the remeasurement of the NSR financial liability offset by the tax expense;
• US$26,102,133 cash balance (2021: US$109,562,103).

 
 
https://www.accesswire.com/718071/SolGold-PLC-Announces-Audited-Full-Year-Results