Panther Metals PLC - mineral exploration in Canada - Reports narrowed annual loss for 2021. Pretax loss narrows to GBP126,269 from GBP668,198 in 2020. Firm sees an ongoing impact from Covid-19 related restrictions on exploration staffing, permitting and logistics. Especially travel restrictions into Ontario impacted the business, the company says. "However, with a growing local network of contractors, Panther was able to progress work across the Canadian projects," it adds. Noting the rising gold price, the firm sees itself in a strong position.
Current stock price: 9.70 pence, down 2.8% on Friday
12-month change: down 16%
By Tom Budszus; tombudszus@alliancenews.com
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Panther Metals (PALM)