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Share Price Information for Berkeley Eng (BKY)

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Share Price: 18.00
Bid: 17.00
Ask: 19.00
Change: -1.50 (-7.69%)
Spread: 2.00 (11.765%)
Open: 19.50
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Low: 18.00
Prev. Close: 19.50
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Berkeley Energia First Half Loss Widens As It Focuses On Salamanca

Mon, 14th Mar 2016 09:28

LONDON (Alliance News) - Berkeley Energia Ltd Monday reported a narrowed pretax loss for its first half as it continued to focus on developing its Salamanca uranium project in Spain.

The company reported a pretax loss of USD5.8 million for the half year to end-December, widened from a pretax loss of USD4.0 million the year before, primarily as a result of higher exploration and evaluation, and corporate and administration costs. Revenue from continuing operations was USD155,779, down from USD314,580 the year before.

Berkeley said during the half year it continued to focus on progressing the shallow high grade Zona 7 deposit at the Salamanca project.

It conducted an upgrade to its Zona 7 mineral resource estimate, and this estimate now stands at 31.4 million pounds uranium, including an indicated resource of 1.1 million tonnes containing 27.8 million pounds of uranium.

Berkeley said that following its decision to push ahead with the overall development of the project and recent positive study announcements, it has continued to receive approaches from potential financiers and strategic partners. It is exploring a range of financing options and strategic partnerships, it said, with a number if prospects beginning due diligence reviews.

Shares in Berkeley Energia were down 0.9% at 23.05 pence Monday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

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11 Oct 2016 14:28

Berkeley Energia finally begins development at Salamanca

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Berkeley Energia Expects Annual Profit Of USD116 Million From Spain

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13 Jul 2016 12:35

Trading in Berkeley Energia stock halted on ASX

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13 Jul 2016 09:26

Berkeley Energia Shares Up As Trading Halted In Australia (ALLISS)

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4 Jul 2016 07:39

Berkeley Energia Secures USD5 Million Royalty Financing For Salamanca

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Berkeley Energia Resumes Exploration Work At Salamanca Project

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27 Apr 2016 11:12

Berkeley Energia Making Progress On Salamanca Project

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