W Resources PLC - tungsten, tin and gold mining company - Revenue for 2020 jumps to EUR2.5 million from EUR365,000 in 2019, but pretax loss widens to EUR3.5 million from EUR2.9 million. Firm sees administrative expenses double to EUR1.6 million from EUR768,000, and books impairments worth total of EUR3.5 million. However, records exchange gain of EUR4.3 million versus loss of EUR498,000 the year before. Says year was challenging but notes "clear improvement" in second half. "As we look ahead, the management team's clear priority is to increase production at La Parrilla as we move to a 24/7 operation in order to increase production towards the stated target of our T2 production target, whilst safeguarding our staff and contractors," says Chair Michael Masterman.
Current stock price: 7.9 pence
Year-to-date change: down 36%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
