Firering Strategic Minerals: From explorer to producer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksERIS.L Share News (ERIS)

  • There is currently no data for ERIS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Erris Resources Annual Loss Narrows On Reduced Costs

Mon, 06th Apr 2020 17:15

(Alliance News) - Erris Resources PLC on Monday reported a narrowed annual loss on reduced costs.

In 2019, the company's pretax loss narrowed to EUR562,167 from EUR1.1 million in 2018.

Revenue slipped year on year to EUR17,527 form EUR165,216.

The company's loss narrowed, however, due to the EUR317,396 exploration impairment charged in 2018 that was not repeated in 2019. Erris recored a EUR124,901 share based payment charge in 2018 that was not repeated in 2019.

The company's administrative expenses also reduced in 2019, falling to EUR475,592 from EUR696,083.

Chair Anton du Plessis said: "The global backdrop for the resources industry was challenging in 2019, necessitating a cautious approach by Erris Resources that saw us carefully husband our resources whilst actively seeking new opportunities.

"Accordingly, new exploration ground was staked in Norway and, in December, the company entered into a joint-venture and option agreement relating to the Loch Tay gold project in Scotland. Our team continues to seek and evaluate new projects that fit the Erris Resources model."

Erris had cash of EUR1.2 million at the end of March.

Shares in Erris Resources closed 8.9% lower in London on Monday afternoon at 2.55 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
13 Dec 2018 15:58

Erris Resources upbeat despite disappointment at two projects

(Sharecast News) - Europe-focussed mineral exploration company Erris Resources updated the market on the Centerra-funded exploration programmes in Sweden on Thursday, reporting that at the Brännberg Project, a total of 14 holes totalling 2,681.7m were drilled between July and September, with full results received during November into early December.

Read more
25 Oct 2018 10:42

CORRECT (October 24): Erris Resources Reports High-Grade Intersections

(Correct to say that Erris intersected silver and not gold at its Abbeytown project.)LONDON (Alliance News) - Erris Resources PLC on Wednesday posted final results from its surface diamond

Read more
24 Oct 2018 12:12

High-Grade Intersections Found At Erris Resources' Abbeytown Project

LONDON (Alliance News) - Erris Resources PLC on Wednesday posted final results from its surface diamond drilling programme at the Abbeytown project in Ireland, saying made a number of high-grade -

Read more
24 Oct 2018 11:30

Erris reports excellent results from drilling in Abbeytown

(Sharecast News) - Mineral explorer Erris Resources reported excellent results from its latest drilling programme at the Abbeytown zinc-lead-silver-copper project in County Sligo, Ireland.

Read more
27 Sep 2018 10:17

Erris Resources First-Half Loss Widens On Higher Administrative Costs

LONDON (Alliance News) - Erris Resources PLC on Thursday reported a widened first half loss and said that it has continued to advance exploration programmes in Sweden and Ireland as well as its of

Read more
12 Sep 2018 09:44

Erris Resources Finds High Zinc, Lead And Silver Grades At Abbeytown

LONDON (Alliance News) - Europe-focused miner Erris Resources PLC said on Wednesday it has found high grades of zinc, lead and silver from samples taken from pillars at the Abbeytown zinc project

Read more
5 Jul 2018 12:39

Erris Resources Excited By Results From Abbeytown Zinc Project

LONDON (Alliance News) - Mineral exploration company Erris Resources PLC said Thursday it is "excited" by the first drill results from its drilling programme at County Sligo in company

Read more
21 Jun 2018 11:21

Erris Resources Begins Surface Drilling At Abbeytown Mine In Ireland

LONDON (Alliance News) - Erris Resources PLC on Thursday said it arranged surface and underground exploration programme at the Abbeytown zinc project located in the Irish county Sligo to find new

Read more
18 Jun 2018 13:23

Erris Resources Discovers Possible Gold At Brannberg Project In Sweden

LONDON (Alliance News) - Zinc and gold miner Erris Resources PLC said on Monday that the 2018 work programme on a portfolio of gold properties in Sweden has made progress on identifying gold work

Read more
3 May 2018 16:42

Erris Resources Granted New Gold Exploration Permit In Sweden

LONDON (Alliance News) - European-focused mineral exploration firm Erris Resources PLC said on Thursday it has been given a new gold exploration permit in Sweden.The wholly-owned licence in

Read more
29 Mar 2018 14:32

Erris Resources Swings To 2017 Loss After Recent Admission On AIM

LONDON (Alliance News) - Erris Resources PLC on Thursday sunk to a loss due to the costs of its initial public offering, as it currently not producing minerals to generate its

Read more
26 Mar 2018 14:01

Erris Resources Starts Geophysical Survey At Swedish Gold Project

LONDON (Alliance News) - Erris Resources PLC said Monday it has commenced a geophysical survey over previously identified targets at the Karingberget gold project located in a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.