Premier African Minerals Ltd - southern Africa-focused miner - Reports pretax loss for 2020 of USD1.3 million, slimmed from USD1.4 million in 2019. No revenue recorded for either period. Loss narrows as administrative expenses fall to USD1.3 million from USD1.8 million. Says year "challenging and frustrating" but notes recent improvement in fortunes. "Events subsequent to year end have since overtaken history and with the granting of the EPO in Zimbabwe in late March 2021, Premier has seen both a revival of our share price and our market capitalisation and our company is now set up for a most exciting 2021, in particular from midyear onward," it says.
Current stock price: 0.24 pence, closed up 2.1% on Friday
Year-to-date change: up sharply from 0.05p
By Lucy Heming;Â lucyheming@alliancenews.com
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Premier African Minerals (PREM)