Lexington Gold Ltd - Bermuda-based explorer with projects in the US - Widens pretax loss to USD1.0 million in 2021 from a loss of USD712,000 the previous year. Total assets at December 31 fall to USD4.8 million from USD5.5 million at the same time a year prior. Company's net cash position at the end of the year stands at USD900,000, down from USD2.9 million at the end of 2020. Calls the year "extremely productive and encouraging". Company notes encouraging exploration results since the start of 2022 from its phase two drilling campaign at its Carolina Belle and JKL projects. Does not declare a dividend, unchanged form the previous year.
Current stock price: 2.00 pence, down 9.1% in London
12-month change: down 63%
By Heather Rydings; heatherrydings@alliancenews.com
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Lexington Gold (LEX)