Tri-Star Resources Loss Widens

LONDON (Alliance News) - Tri-Star Resources PLC Friday reported a pretax loss of GBP1.2 million for the third quarter, up from GBP789,000 a year earlier as it significantly increased exploration spending and administration costs.

The antimony development company doesn't earn any revenues yet, so its losses are down to the amount it spends and finance costs. It is currently working with partners to develop a roaster in Oman and just completed the acquisition of a Canadian mineral exploration company.

Tri-Star Resources shares last traded at 0.36 pence.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

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